SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 47.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,933 shares of the technology company's stock after acquiring an additional 11,863 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in SS&C Technologies were worth $3,085,000 at the end of the most recent quarter.

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

Insider Activity

In other news, Director Jonathan E. Michael acquired 2,700 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was acquired at an average price of $75.53 per share, with a total value of $203,931.00. Following the completion of the transaction, the director now directly owns 72,776 shares in the company, valued at approximately $5,496,771.28. This represents a 3.85% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Jay Zamkow sold 12,500 shares of the business'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 transaction of $999,000.00. Following the completion of the transaction, the director now directly owns 12,476 shares of the company's stock, valued at approximately $997,081.92. This represents a 50.05% decrease in their position. The disclosure for this sale can be found here. Company insiders own 16.40% of the company's stock.

SS&C Technologies Price Performance

Shares of NASDAQ SSNC traded up $0.57 on Friday, hitting $81.84. The company's stock had a trading volume of 1,279,222 shares, compared to its average volume of 1,323,592. SS&C Technologies Holdings, Inc. has a 12-month low of $61.13 and a 12-month high of $89.73. The company has a market capitalization 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. The stock has a 50 day moving average of $78.97 and a 200-day moving average of $80.01.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm earned $1.28 earnings per share. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Monday, June 2nd. SS&C Technologies's dividend payout ratio is presently 31.06%.

Wall Street Analyst Weigh In

SSNC has been the topic of a number of research analyst reports. Raymond James Financial decreased their price objective on shares of SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating on the stock in a report on Friday, April 25th. JPMorgan Chase & Co. reissued 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. Needham & Company LLC decreased their price objective on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating on the stock in a 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 on the stock in a report 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 report on Friday, May 16th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $91.86.

SS&C Technologies 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.