GHP Investment Advisors Inc. Grows Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

GHP Investment Advisors Inc. grew its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 3.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,957 shares of the technology company's stock after purchasing an additional 4,026 shares during the period. GHP Investment Advisors Inc. owned approximately 0.06% of SS&C Technologies worth $11,607,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SSNC. Boston Partners raised its stake 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 valued at $400,161,000 after purchasing an additional 3,901,227 shares in the last quarter. Norges Bank bought a new stake in shares of SS&C Technologies in the 4th quarter worth about $205,475,000. Bank of America Corp DE raised its position in shares of SS&C Technologies by 64.9% during 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 in the last quarter. Senator Investment Group LP raised its position in shares of SS&C Technologies by 133.7% during 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 in the last quarter. Finally, AQR Capital Management LLC lifted its holdings 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 acquiring an additional 780,616 shares during the last quarter. Hedge funds and other institutional investors own 96.95% of the company's stock.

SS&C Technologies Stock Up 0.7%

NASDAQ SSNC traded up $0.57 on Friday, hitting $81.84. The stock had a trading volume of 1,279,222 shares, compared to its average volume of 1,323,592. The business's fifty day moving average price is $78.86 and its 200 day moving average price is $79.98. The stock has a market cap of $20.19 billion, a price-to-earnings ratio of 25.42 and a beta of 1.24. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.11 and a quick ratio of 1.11. SS&C Technologies Holdings, Inc. has a 52-week low of $61.13 and a 52-week high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.03. SS&C Technologies had a return on equity of 18.68% and a net margin of 13.69%. 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 previous year, the business earned $1.28 EPS. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. Equities research analysts anticipate 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 announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Monday, June 2nd. SS&C Technologies's dividend payout ratio (DPR) is presently 31.06%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SSNC shares. Raymond James Financial reduced their price objective on SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating on the stock in a research note on Friday, April 25th. Needham & Company LLC cut their target price on SS&C Technologies from $105.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Wall Street Zen upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $86.00 price target (down from $90.00) on shares of SS&C Technologies in a research report on Friday, April 25th. Finally, DA Davidson dropped 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 note on Monday, April 28th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, SS&C Technologies currently has a consensus rating of "Buy" and an average price target of $91.86.

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.