SGL Investment Advisors Inc. Has $3.53 Million Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Key Points

• SGL Investment Advisors Inc. reduced its stake in SS&C Technologies by 22.8%, now holding 45,475 shares valued at approximately $3.53 million.
• Multiple institutional investors significantly increased their positions in SS&C, including Bank of America and Senator Investment Group, leading to 96.95% of the stock being held by institutional investors.
• Analysts have raised their price targets for SS&C Technologies, with the average target now at $97.13 and the company receiving overall ratings ranging from "buy" to "strong buy."

SGL Investment Advisors Inc. trimmed its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 22.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,475 shares of the technology company's stock after selling 13,461 shares during the quarter. SS&C Technologies comprises 1.8% of SGL Investment Advisors Inc.'s holdings, making the stock its 23rd biggest position. SGL Investment Advisors Inc.'s holdings in SS&C Technologies were worth $3,534,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. American Century Companies Inc. raised its position in SS&C Technologies by 115.0% in the fourth quarter. American Century Companies Inc. now owns 43,094 shares of the technology company's stock worth $3,266,000 after acquiring an additional 23,049 shares in the last quarter. LPL Financial LLC raised its position in SS&C Technologies by 13.1% in the fourth quarter. LPL Financial LLC now owns 86,055 shares of the technology company's stock worth $6,521,000 after acquiring an additional 9,946 shares in the last quarter. Schroder Investment Management Group raised its position in SS&C Technologies by 2.2% in the fourth quarter. Schroder Investment Management Group now owns 136,981 shares of the technology company's stock worth $10,380,000 after acquiring an additional 2,996 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in SS&C Technologies by 5.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 10,632 shares of the technology company's stock worth $806,000 after acquiring an additional 552 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in SS&C Technologies by 5.3% in the 4th 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 in the last quarter. 96.95% of the stock is currently owned by institutional investors.

Insider Activity at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 12,500 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director directly owned 12,476 shares in the company, valued at $997,081.92. The trade was a 50.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SSNC. Wall Street Zen raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. Raymond James Financial lifted their price target on SS&C Technologies from $90.00 to $95.00 and gave the stock a "strong-buy" rating in a research note on Thursday, July 24th. DA Davidson lifted their price target on SS&C Technologies from $98.00 to $102.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. UBS Group lifted their target price on SS&C Technologies from $105.00 to $108.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. lifted their target price on SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $97.13.

SS&C Technologies Stock Down 0.1%

Shares of NASDAQ SSNC traded down $0.11 during trading hours on Wednesday, hitting $85.84. The stock had a trading volume of 272,763 shares, compared to its average volume of 1,388,561. The firm's 50-day moving average price is $82.34 and its two-hundred day moving average price is $81.48. SS&C Technologies Holdings, Inc. has a 52 week low of $66.83 and a 52 week high of $89.73. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $20.96 billion, a P/E ratio of 26.93 and a beta of 1.25.

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

SS&C Technologies Dividend Announcement

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

About SS&C Technologies

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.