SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Acquired by Unigestion Holding SA

Unigestion Holding SA grew its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 861.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,341 shares of the technology company's stock after acquiring an additional 85,427 shares during the period. Unigestion Holding SA's holdings in SS&C Technologies were worth $7,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Merit Financial Group LLC boosted its holdings in SS&C Technologies by 71.2% in the 1st quarter. Merit Financial Group LLC now owns 8,108 shares of the technology company's stock worth $677,000 after buying an additional 3,372 shares during the period. Meyer Handelman Co. lifted its position in SS&C Technologies by 14.2% during the first quarter. Meyer Handelman Co. now owns 85,305 shares of the technology company's stock valued at $7,126,000 after purchasing an additional 10,625 shares during the last quarter. BTC Capital Management Inc. lifted its stake in shares of SS&C Technologies by 29.1% in the 1st quarter. BTC Capital Management Inc. now owns 40,058 shares of the technology company's stock valued at $3,346,000 after purchasing an additional 9,040 shares during the last quarter. GAMMA Investing LLC lifted its position in SS&C Technologies by 9,921.2% in the first quarter. GAMMA Investing LLC now owns 275,482 shares of the technology company's stock worth $23,011,000 after buying an additional 272,733 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in SS&C Technologies by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 3,193 shares of the technology company's stock worth $242,000 after purchasing an additional 161 shares during the last quarter. Institutional investors own 96.95% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $86.00 target price (down from $90.00) on shares of SS&C Technologies in a research report on Friday, April 25th. DA Davidson decreased 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 report on Monday, April 28th. Royal Bank of Canada lifted their price objective on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Needham & Company LLC decreased 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 note on Friday, April 25th. 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 equities research analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $91.86.

SS&C Technologies Stock Up 0.5%

NASDAQ:SSNC traded up $0.42 during trading hours on Friday, reaching $80.64. The company's stock had a trading volume of 1,167,298 shares, compared to its average volume of 1,315,326. The company has a market capitalization of $19.89 billion, a P/E ratio of 26.88 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a 12 month low of $60.18 and a 12 month high of $89.73. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a 50 day moving average price of $77.68 and a two-hundred day moving average price of $79.58.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 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 during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the company posted $1.28 EPS. The business's revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The company 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. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.24%. SS&C Technologies's dividend payout ratio (DPR) is presently 31.06%.

Insider Buying and Selling

In related news, Director Michael Jay Zamkow sold 12,500 shares of the business's stock in a transaction 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 transaction, the director now directly owns 12,476 shares in the company, valued at $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 available through this link. Also, Director Jonathan E. Michael purchased 2,700 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were acquired at an average price of $75.53 per share, for a total transaction of $203,931.00. Following the purchase, the director now directly owns 72,776 shares of the company's stock, valued at approximately $5,496,771.28. The trade was 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 company 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.