LRI Investments LLC Has $1.38 Million Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

LRI Investments LLC decreased its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 27.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,473 shares of the technology company's stock after selling 6,125 shares during the period. LRI Investments LLC's holdings in SS&C Technologies were worth $1,376,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Unigestion Holding SA boosted its position in SS&C Technologies by 861.7% during the first quarter. Unigestion Holding SA now owns 95,341 shares of the technology company's stock valued at $7,964,000 after purchasing an additional 85,427 shares during the last quarter. Ritholtz Wealth Management bought a new position in SS&C Technologies during the first quarter valued at about $509,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in SS&C Technologies by 403.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,865 shares of the technology company's stock valued at $6,337,000 after buying an additional 60,784 shares in the last quarter. Boston Partners raised 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 valued at $400,161,000 after buying an additional 3,901,227 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in SS&C Technologies by 11.6% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 163,063 shares of the technology company's stock valued at $12,401,000 after buying an additional 16,987 shares in the last quarter. Institutional investors and hedge funds own 96.95% of the company's stock.

SS&C Technologies Stock Performance

Shares of SS&C Technologies stock traded down $1.11 during trading on Friday, reaching $82.50. The company's stock had a trading volume of 751,526 shares, compared to its average volume of 1,332,247. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.11 and a current ratio of 1.11. The business's fifty day moving average price is $80.56 and its 200-day moving average price is $80.54. The firm has a market cap of $20.35 billion, a price-to-earnings ratio of 25.62 and a beta of 1.23. SS&C Technologies Holdings, Inc. has a one year low of $65.00 and a one year high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.03. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. SS&C Technologies had a return on equity of 18.68% and a net margin of 13.69%. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.28 earnings per share. As a group, equities research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Monday, June 2nd. SS&C Technologies's dividend payout ratio (DPR) is presently 31.06%.

Analysts Set New Price Targets

Several equities analysts have weighed in on SSNC shares. Wall Street Zen upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. Raymond James Financial cut their target price on 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. Needham & Company LLC cut their target price on SS&C Technologies from $105.00 to $90.00 and set a "buy" rating on the stock in a report 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. Finally, DA Davidson cut their target price on SS&C Technologies from $100.00 to $94.00 and set a "buy" rating on the stock in a report on Monday, April 28th. One 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $91.86.

Insider Transactions at SS&C Technologies

In other news, Director Jonathan E. Michael bought 2,700 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were acquired at an average cost of $75.53 per share, with a total value of $203,931.00. Following the completion of the transaction, the director directly owned 72,776 shares in the company, valued at $5,496,771.28. This represents a 3.85% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Jay Zamkow sold 12,500 shares of SS&C Technologies stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $79.92, for a total value of $999,000.00. Following the sale, the director directly owned 12,476 shares in the company, valued at approximately $997,081.92. This trade represents a 50.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.40% of the stock is 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.