Squarepoint Ops LLC Purchases Shares of 24,296 SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Squarepoint Ops LLC purchased a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 24,296 shares of the technology company's stock, valued at approximately $1,841,000.

A number of other large investors have also recently bought and sold shares of the business. Steward Partners Investment Advisory LLC grew its stake in shares of SS&C Technologies by 16.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the technology company's stock valued at $67,000 after buying an additional 123 shares during the period. EP Wealth Advisors LLC grew its stake in shares of SS&C Technologies by 2.0% in the 4th quarter. EP Wealth Advisors LLC now owns 7,003 shares of the technology company's stock valued at $531,000 after buying an additional 139 shares during the period. Global Retirement Partners LLC grew its stake in shares of SS&C Technologies by 11.8% in the 4th quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company's stock valued at $107,000 after buying an additional 149 shares during the period. Farther Finance Advisors LLC grew its stake in shares of SS&C Technologies by 15.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,163 shares of the technology company's stock valued at $88,000 after buying an additional 158 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of SS&C Technologies by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 3,193 shares of the technology company's stock valued at $242,000 after buying an additional 161 shares during the period. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SSNC has been the subject of several research reports. UBS Group raised their target price on SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Royal Bank of Canada lifted their price target on SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Raymond James cut their price target on SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating for the company in a research note on Friday, April 25th. Wall Street Zen upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. Finally, Jefferies Financial Group upgraded SS&C Technologies from a "hold" rating to a "buy" rating and lifted their price target for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $91.86.

SS&C Technologies Stock Performance

Shares of NASDAQ:SSNC traded up $0.41 during mid-day trading on Tuesday, reaching $79.74. The company had a trading volume of 787,921 shares, compared to its average volume of 1,313,784. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The firm has a market cap of $19.67 billion, a price-to-earnings ratio of 26.58 and a beta of 1.24. The company's 50-day moving average price is $77.83 and its 200-day moving average price is $79.47. SS&C Technologies Holdings, Inc. has a one year low of $60.18 and a one year high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.03. The company had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.50 billion. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. SS&C Technologies's revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.28 EPS. As a group, equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.25%. SS&C Technologies's dividend payout ratio is 31.06%.

Insider Activity at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 12,500 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $79.92, for a total transaction of $999,000.00. Following the completion of the transaction, the director now directly owns 12,476 shares in the company, valued at $997,081.92. The trade was a 50.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jonathan E. Michael purchased 2,700 shares of SS&C Technologies stock in a transaction dated Thursday, May 1st. The shares were purchased at an average price of $75.53 per share, with a total value of $203,931.00. Following the completion of the transaction, the director now directly owns 72,776 shares in the company, valued at approximately $5,496,771.28. This represents a 3.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. 16.40% of the stock is owned by company insiders.

About SS&C Technologies

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.