North Star Asset Management Inc. Increases Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

North Star Asset Management Inc. raised its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 598,703 shares of the technology company's stock after buying an additional 5,221 shares during the period. SS&C Technologies makes up approximately 2.0% of North Star Asset Management Inc.'s portfolio, making the stock its 9th largest position. North Star Asset Management Inc. owned 0.24% of SS&C Technologies worth $45,370,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Boston Partners boosted its holdings in SS&C Technologies by 283.1% in the fourth quarter. Boston Partners now owns 5,279,386 shares of the technology company's stock valued at $400,161,000 after purchasing an additional 3,901,227 shares during the period. Norges Bank purchased a new position in shares of SS&C Technologies in the 4th quarter valued at about $205,475,000. Bank of America Corp DE boosted its stake in shares of SS&C Technologies by 64.9% in the 4th quarter. Bank of America Corp DE now owns 2,235,142 shares of the technology company's stock valued at $169,379,000 after buying an additional 880,058 shares during the period. Senator Investment Group LP boosted its stake in shares of SS&C Technologies by 133.7% in the 4th quarter. Senator Investment Group LP now owns 1,519,175 shares of the technology company's stock valued at $115,123,000 after buying an additional 869,175 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of SS&C Technologies by 52.4% in the 4th quarter. AQR Capital Management LLC now owns 2,270,232 shares of the technology company's stock valued at $172,038,000 after buying an additional 780,616 shares during the period. Hedge funds and other institutional investors own 96.95% of the company's stock.

Insiders Place Their Bets

In related news, Director Michael Jay Zamkow sold 12,500 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $79.92, for a total value of $999,000.00. Following the transaction, the director now directly owns 12,476 shares in the company, valued at approximately $997,081.92. This trade represents a 50.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jonathan E. Michael purchased 2,700 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was bought at an average price of $75.53 per share, for a total transaction 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. The trade was 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 insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SSNC. Wall Street Zen upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. Raymond James reduced their price objective 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. Royal Bank of Canada upped their price objective 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. DA Davidson cut their price objective on shares of SS&C Technologies from $100.00 to $94.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Finally, Jefferies Financial Group upgraded SS&C Technologies from a "hold" rating to a "buy" rating and increased their price objective for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $91.86.

SS&C Technologies Stock Down 0.3%

NASDAQ:SSNC traded down $0.28 on Thursday, reaching $80.46. The stock had a trading volume of 238,130 shares, compared to its average volume of 1,309,333. The stock has a market cap of $19.85 billion, a P/E ratio of 26.82 and a beta of 1.24. 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 company has a 50-day moving average of $78.09 and a 200 day moving average of $79.28. SS&C Technologies Holdings, Inc. has a 12-month low of $60.01 and a 12-month high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The technology company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.03. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. The firm had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same period last year, the business posted $1.28 earnings per share. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. On average, research 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 business 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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis 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 is currently 31.06%.

SS&C Technologies 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.