University of Texas Texas AM Investment Management Co. Has $5.44 Million Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

University of Texas Texas AM Investment Management Co. trimmed its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 37.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,780 shares of the technology company's stock after selling 43,536 shares during the quarter. SS&C Technologies accounts for approximately 0.6% of University of Texas Texas AM Investment Management Co.'s holdings, making the stock its 21st biggest holding. University of Texas Texas AM Investment Management Co.'s holdings in SS&C Technologies were worth $5,439,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Kestra Investment Management LLC purchased a new position in shares of SS&C Technologies in the 4th quarter worth approximately $39,000. Parkside Financial Bank & Trust grew its stake in SS&C Technologies by 76.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock valued at $40,000 after purchasing an additional 229 shares during the last quarter. True Wealth Design LLC increased its position in shares of SS&C Technologies by 163.6% during the fourth quarter. True Wealth Design LLC now owns 551 shares of the technology company's stock worth $42,000 after purchasing an additional 342 shares in the last quarter. Colonial Trust Co SC raised its position in shares of SS&C Technologies by 239.3% in the 4th quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock valued at $42,000 after purchasing an additional 390 shares during the last quarter. Finally, Financial Perspectives Inc purchased a new stake in SS&C Technologies during the 4th quarter valued at about $51,000. Institutional investors own 96.95% of the company's stock.

SS&C Technologies Trading Down 0.2%

SSNC traded down $0.13 on Wednesday, reaching $80.81. 225,517 shares of the company's stock were exchanged, compared to its average volume of 1,310,919. The company's 50 day moving average is $78.13 and its 200-day moving average is $79.27. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. SS&C Technologies Holdings, Inc. has a twelve month low of $60.01 and a twelve month high of $89.73. The company has a market cap of $19.93 billion, a price-to-earnings ratio of 26.93 and a beta of 1.24.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.03. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.28 earnings per share. Equities analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Announces Dividend

The firm also recently declared 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. This represents a $1.00 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Monday, June 2nd. SS&C Technologies's dividend payout ratio (DPR) is 31.06%.

Analyst Upgrades and Downgrades

SSNC has been the subject of a number of research analyst reports. Royal Bank of Canada upped their price objective on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Wall Street Zen raised shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. Needham & Company LLC reduced their target price on SS&C Technologies from $105.00 to $90.00 and set a "buy" rating for the company in a report on Friday, April 25th. Raymond James dropped their target price on SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating on the stock in a research report on Friday, April 25th. Finally, Jefferies Financial Group upgraded shares of SS&C Technologies from a "hold" rating to a "buy" rating and raised their target price for the company from $70.00 to $94.00 in a report on Monday, February 3rd. One equities research 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 stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $91.86.

Insider Buying and Selling

In other SS&C Technologies news, Director Michael Jay Zamkow sold 12,500 shares of the stock in a transaction on Tuesday, May 13th. The stock was 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 of the company's stock, valued at approximately $997,081.92. This trade represents a 50.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jonathan E. Michael purchased 2,700 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The stock was bought at an average cost of $75.53 per share, for a total transaction of $203,931.00. Following the purchase, the director now directly owns 72,776 shares in the company, valued at $5,496,771.28. This represents a 3.85% increase in their position. The disclosure for this purchase can be found here. Insiders own 16.40% of the company's stock.

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.