SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) is North Star Asset Management Inc.'s 7th Largest Position

Key Points

• North Star Asset Management Inc. increased its stake in SS&C Technologies by 1.1%, owning 605,239 shares valued at approximately $50.56 million, making it the 7th largest holding in their portfolio.
• SS&C Technologies reported $1.45 earnings per share for the last quarter, surpassing analysts' estimates and showing a 5.9% increase in quarterly revenue year-over-year.
• The company recently declared a quarterly dividend of $0.25 per share, representing an annual yield of 1.17% and a pay-out ratio of 31.35%.

North Star Asset Management Inc. lifted its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 1.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 605,239 shares of the technology company's stock after buying an additional 6,536 shares during the period. SS&C Technologies makes up 2.3% of North Star Asset Management Inc.'s holdings, making the stock its 7th biggest position. North Star Asset Management Inc. owned 0.25% of SS&C Technologies worth $50,556,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Atwood & Palmer Inc. raised its stake in SS&C Technologies by 125.8% during the first quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock worth $25,000 after purchasing an additional 166 shares during the period. Larson Financial Group LLC increased its position in shares of SS&C Technologies by 634.8% during the first quarter. Larson Financial Group LLC now owns 338 shares of the technology company's stock valued at $28,000 after acquiring an additional 292 shares during the last quarter. Whittier Trust Co. acquired a new stake in shares of SS&C Technologies during the first quarter valued at about $29,000. N.E.W. Advisory Services LLC acquired a new stake in shares of SS&C Technologies during the first quarter valued at about $29,000. Finally, True Wealth Design LLC increased its position in shares of SS&C Technologies by 163.6% during the fourth quarter. True Wealth Design LLC now owns 551 shares of the technology company's stock valued at $42,000 after acquiring an additional 342 shares during the last quarter. 96.95% of the stock is owned by hedge funds and other institutional investors.

SS&C Technologies Stock Down 1.5%

Shares of SSNC stock traded down $1.25 during trading on Friday, reaching $84.23. The company's stock had a trading volume of 1,301,002 shares, compared to its average volume of 1,189,137. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.11. The company has a market capitalization of $20.57 billion, a price-to-earnings ratio of 26.40 and a beta of 1.25. The stock's 50-day moving average price is $82.13 and its 200 day moving average price is $81.36. SS&C Technologies Holdings, Inc. has a 1-year low of $66.83 and a 1-year high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.39 by $0.06. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The company had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.52 billion. During the same quarter in the previous year, the business posted $1.27 EPS. The firm's revenue was up 5.9% on a year-over-year basis. On average, research analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.2%. The ex-dividend date was Monday, June 2nd. SS&C Technologies's payout ratio is 31.35%.

Insider Buying and Selling

In other SS&C Technologies news, 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 owned 12,476 shares in the company, valued at $997,081.92. The trade was a 50.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 16.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on SSNC. Raymond James Financial lifted their price target on shares of SS&C Technologies from $90.00 to $95.00 and gave the company a "strong-buy" rating in a research report on Thursday, July 24th. DA Davidson lifted their price target on shares of SS&C Technologies from $98.00 to $102.00 and gave the company a "buy" rating in a research report on Friday, July 25th. UBS Group lifted their price target on shares of SS&C Technologies from $105.00 to $108.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. lifted their price objective on shares of SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, Morgan Stanley lifted their price objective on shares of SS&C Technologies from $75.00 to $88.00 and gave the company an "equal weight" rating in a report on Thursday, July 24th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $97.13.

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.