Wealth Enhancement Advisory Services LLC Raises Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Wealth Enhancement Advisory Services LLC raised its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 47.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,933 shares of the technology company's stock after purchasing an additional 11,863 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in SS&C Technologies were worth $3,085,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of SS&C Technologies by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 20,215,026 shares of the technology company's stock valued at $1,531,895,000 after acquiring an additional 239,438 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of 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 purchasing an additional 539,483 shares during the period. Boston Partners increased its holdings in SS&C Technologies by 283.1% in the 4th 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 last quarter. Cantillon Capital Management LLC raised its position in SS&C Technologies by 0.6% in the fourth quarter. Cantillon Capital Management LLC now owns 4,533,081 shares of the technology company's stock valued at $343,517,000 after purchasing an additional 25,895 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in SS&C Technologies by 8.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,158,478 shares of the technology company's stock valued at $239,353,000 after purchasing an additional 258,554 shares during the period. Hedge funds and other institutional investors own 96.95% of the company's stock.

SS&C Technologies Stock Up 0.6%

SSNC traded up $0.52 on Tuesday, reaching $83.32. The company's stock had a trading volume of 1,042,859 shares, compared to its average volume of 1,322,330. The company has a market capitalization of $20.55 billion, a price-to-earnings ratio of 25.88 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a fifty-two week low of $61.13 and a fifty-two week high of $89.73. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.00. The stock has a 50 day moving average of $79.32 and a two-hundred day moving average of $80.12.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced 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. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. SS&C Technologies had a net margin of 13.69% and a return on equity of 18.68%. SS&C Technologies's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the business earned $1.28 EPS. As a group, analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders 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 1.20%. The ex-dividend date was Monday, June 2nd. SS&C Technologies's dividend payout ratio is currently 31.06%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Needham & Company LLC dropped their price objective on 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. JPMorgan Chase & Co. restated 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. Raymond James Financial cut their price target on shares of 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. Wall Street Zen raised shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. 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 report on Monday, April 28th. 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 data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $91.86.

Insider Activity at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 12,500 shares of the company'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 completion of the sale, the director owned 12,476 shares in the company, valued at $997,081.92. This represents a 50.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan E. Michael acquired 2,700 shares of the company's stock in a transaction on Thursday, May 1st. The stock was acquired at an average price of $75.53 per share, for a total transaction of $203,931.00. Following the completion of the purchase, the director owned 72,776 shares of the company's stock, 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 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.