SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. increased its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 14.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,359 shares of the technology company's stock after purchasing an additional 7,793 shares during the period. QRG Capital Management Inc.'s holdings in SS&C Technologies were worth $5,125,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SSNC. Steward Partners Investment Advisory LLC increased its holdings 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 acquiring an additional 123 shares during the last quarter. EP Wealth Advisors LLC boosted its holdings in SS&C Technologies by 2.0% in the fourth quarter. EP Wealth Advisors LLC now owns 7,003 shares of the technology company's stock valued at $531,000 after purchasing an additional 139 shares in the last quarter. Global Retirement Partners LLC increased its stake in SS&C Technologies by 11.8% in the fourth quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company's stock valued at $107,000 after purchasing an additional 149 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in SS&C Technologies by 15.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,163 shares of the technology company's stock worth $88,000 after purchasing an additional 158 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of SS&C Technologies by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 3,193 shares of the technology company's stock worth $242,000 after buying an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 96.95% of the company's stock.

SS&C Technologies Stock Performance

NASDAQ SSNC opened at $79.79 on Wednesday. The firm has a market cap of $19.68 billion, a P/E ratio of 24.78 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a 52-week low of $61.13 and a 52-week high of $89.73. The business's 50-day moving average price is $78.33 and its 200 day moving average price is $79.81. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.00.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The technology company reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same period last year, the firm earned $1.28 EPS. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities research analysts expect 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 was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.25%. SS&C Technologies's payout ratio is 31.06%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SSNC. Raymond James Financial dropped their target price on shares of 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. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $86.00 price objective (down previously from $90.00) on shares of SS&C Technologies in a report on Friday, April 25th. DA Davidson reduced their target price on SS&C Technologies from $100.00 to $94.00 and set a "buy" rating for the company in a report on Monday, April 28th. 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, Needham & Company LLC cut their price target 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. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $91.86.

Insiders Place Their Bets

In other SS&C Technologies news, Director Jonathan E. Michael purchased 2,700 shares of SS&C Technologies stock in a transaction dated Thursday, May 1st. The stock was acquired at an average cost of $75.53 per share, with a total value of $203,931.00. Following the acquisition, the director now directly owns 72,776 shares of the company's stock, valued at $5,496,771.28. This represents a 3.85% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Jay Zamkow sold 12,500 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director now directly owns 12,476 shares of the company's stock, valued at $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 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.

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