34,766 Shares in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas purchased a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 34,766 shares of the technology company's stock, valued at approximately $2,904,000.

Other institutional investors also recently made changes to their positions in the company. Atwood & Palmer Inc. boosted its stake in shares of SS&C Technologies by 125.8% in the 1st quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock valued at $25,000 after purchasing an additional 166 shares in the last quarter. Colonial Trust Co SC boosted its stake in shares of SS&C Technologies by 239.3% in the 4th quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock valued at $42,000 after purchasing an additional 390 shares in the last quarter. True Wealth Design LLC boosted its stake in shares of SS&C Technologies by 163.6% in the 4th quarter. True Wealth Design LLC now owns 551 shares of the technology company's stock valued at $42,000 after purchasing an additional 342 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of SS&C Technologies by 16.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the technology company's stock valued at $67,000 after purchasing an additional 123 shares in the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of SS&C Technologies in the 4th quarter valued at $69,000. Hedge funds and other institutional investors own 96.95% of the company's stock.

Insider Activity

In related news, Director Jonathan E. Michael purchased 2,700 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were purchased at an average price of $75.53 per share, with a total value of $203,931.00. Following the acquisition, the director directly owned 72,776 shares in the company, valued at $5,496,771.28. The trade was a 3.85% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction, the director directly owned 12,476 shares of the company's stock, valued at $997,081.92. The trade was a 50.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 16.40% of the company's stock.

SS&C Technologies Stock Up 0.1%

Shares of SS&C Technologies stock traded up $0.09 during trading on Wednesday, hitting $83.32. The company's stock had a trading volume of 824,523 shares, compared to its average volume of 1,331,507. 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 company has a fifty day simple moving average of $80.16 and a two-hundred day simple moving average of $80.40. The company has a market capitalization of $20.55 billion, a PE ratio of 25.88 and a beta of 1.23. SS&C Technologies Holdings, Inc. has a 52 week low of $61.13 and a 52 week high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the business earned $1.28 EPS. SS&C Technologies's quarterly revenue was up 5.5% compared to the same quarter last year. Equities research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Monday, June 2nd. SS&C Technologies's dividend payout ratio (DPR) is 31.06%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SSNC shares. Wall Street Zen upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. Needham & Company LLC lowered their price target on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating for the company in a report on Friday, April 25th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $86.00 price objective (down from $90.00) on shares of SS&C Technologies in a report on Friday, April 25th. 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 for the company in a report on Friday, April 25th. Finally, DA Davidson decreased 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 analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, SS&C Technologies presently has a consensus rating of "Buy" and a consensus price target of $91.86.

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.