QRG Capital Management Inc. Boosts Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

QRG Capital Management Inc. lifted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 14.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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.

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

Analyst Upgrades and Downgrades

Several research firms have commented on SSNC. Raymond James Financial decreased their price target 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. Needham & Company LLC cut their target price on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating for the company in a report on Friday, April 25th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $86.00 target price (down from $90.00) on shares of SS&C Technologies in a report on Friday, April 25th. DA Davidson dropped their price target on shares of SS&C Technologies from $100.00 to $94.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Finally, Wall Street Zen raised shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. One investment 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. According to data from MarketBeat, SS&C Technologies has a consensus rating of "Buy" and a consensus target price of $91.86.

Insiders Place Their Bets

In related news, Director Michael Jay Zamkow sold 12,500 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were 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 in the company, valued at approximately $997,081.92. The trade was a 50.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan E. Michael acquired 2,700 shares of SS&C Technologies stock in a transaction that occurred 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 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 disclosure for this purchase can be found here. 16.40% of the stock is currently owned by corporate insiders.

SS&C Technologies Price Performance

SS&C Technologies stock traded down $0.05 during trading on Friday, reaching $79.43. The company had a trading volume of 1,653,706 shares, compared to its average volume of 1,319,189. The firm's 50-day simple moving average is $78.52 and its 200 day simple moving average is $79.87. SS&C Technologies Holdings, Inc. has a 1-year low of $61.13 and a 1-year high of $89.73. The firm has a market capitalization of $19.59 billion, a PE ratio of 24.67 and a beta of 1.24. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.11 and a current ratio of 1.11.

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 (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.03. SS&C Technologies had a net margin of 13.69% and a return on equity of 18.68%. The company had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter in the previous year, the company posted $1.28 EPS. The firm's quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.00 annualized dividend and a yield of 1.26%. SS&C Technologies's dividend payout ratio (DPR) is presently 31.06%.

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.