North Star Asset Management Inc. Acquires 5,221 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

North Star Asset Management Inc. grew its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 598,703 shares of the technology company's stock after acquiring an additional 5,221 shares during the period. SS&C Technologies comprises 2.0% of North Star Asset Management Inc.'s portfolio, making the stock its 9th largest holding. North Star Asset Management Inc. owned 0.24% of SS&C Technologies worth $45,370,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of SS&C Technologies by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 20,215,026 shares of the technology company's stock valued at $1,531,895,000 after buying an additional 239,438 shares during the last quarter. Janus Henderson Group PLC grew its holdings in SS&C Technologies by 3.4% in the 4th quarter. Janus Henderson Group PLC now owns 16,598,958 shares of the technology company's stock valued at $1,257,869,000 after buying an additional 539,483 shares during the period. Boston Partners increased its position in SS&C Technologies by 283.1% during the fourth quarter. Boston Partners now owns 5,279,386 shares of the technology company's stock worth $400,161,000 after purchasing an additional 3,901,227 shares during the last quarter. Cantillon Capital Management LLC increased its position in SS&C Technologies by 0.6% during the fourth quarter. Cantillon Capital Management LLC now owns 4,533,081 shares of the technology company's stock worth $343,517,000 after purchasing an additional 25,895 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in SS&C Technologies by 8.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,158,478 shares of the technology company's stock worth $239,353,000 after purchasing an additional 258,554 shares during the last quarter. Hedge funds and other institutional investors own 96.95% of the company's stock.

SS&C Technologies Stock Up 1.4%

Shares of SSNC stock traded up $1.15 on Tuesday, hitting $80.94. The stock had a trading volume of 1,144,655 shares, compared to its average volume of 1,315,147. The firm has a market capitalization of $19.96 billion, a price-to-earnings ratio of 26.98 and a beta of 1.24. The stock's 50 day moving average is $78.15 and its 200-day moving average is $79.26. 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 52-week low of $60.01 and a 52-week high of $89.73.

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

SS&C Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.00 annualized dividend and a yield of 1.24%. SS&C Technologies's payout ratio is 31.06%.

Analyst Ratings Changes

Several brokerages recently commented on SSNC. UBS Group upped their price target on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Needham & Company LLC dropped their price target on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Jefferies Financial Group raised shares of SS&C Technologies from a "hold" rating to a "buy" rating and upped their price target for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. Royal Bank of Canada upped their price target 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. Finally, Raymond James dropped their price objective on shares of SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating for the company in a research report on Friday, April 25th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $91.86.

Insider Buying and Selling at SS&C Technologies

In related news, Director Jonathan E. Michael purchased 2,700 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was acquired at an average cost of $75.53 per share, for a total transaction of $203,931.00. Following the completion of the acquisition, the director now owns 72,776 shares in the company, valued at $5,496,771.28. This trade represents a 3.85% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Jay Zamkow sold 12,500 shares of the firm's stock in a transaction that occurred 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 sale, the director now owns 12,476 shares of the company's stock, valued at approximately $997,081.92. This represents a 50.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.40% of the stock is owned by corporate insiders.

SS&C Technologies Company Profile

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.