Vest Financial LLC Invests $276,000 in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Vest Financial LLC bought a new stake in shares of 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 Securities and Exchange Commission (SEC). The institutional investor bought 3,309 shares of the technology company's stock, valued at approximately $276,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kestra Investment Management LLC purchased a new stake in SS&C Technologies during the fourth quarter valued at approximately $39,000. Parkside Financial Bank & Trust lifted its position in SS&C Technologies by 76.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock valued at $40,000 after acquiring an additional 229 shares during the last quarter. True Wealth Design LLC lifted its position in 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. Colonial Trust Co SC raised its holdings in shares of SS&C Technologies by 239.3% in the fourth quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock worth $42,000 after buying an additional 390 shares during the last quarter. Finally, Financial Perspectives Inc purchased a new position in shares of SS&C Technologies in the fourth quarter worth $51,000. Hedge funds and other institutional investors own 96.95% of the company's stock.

Analyst Upgrades and Downgrades

SSNC has been the subject of a number of research analyst reports. DA Davidson decreased their price target 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. 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. Raymond James decreased their price target 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. Needham & Company LLC decreased 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. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $86.00 price target (down previously from $90.00) on shares of SS&C Technologies in a report on Friday, April 25th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $91.86.

SS&C Technologies Stock Up 0.5%

NASDAQ:SSNC opened at $80.64 on Monday. The firm has a market capitalization of $19.89 billion, a P/E ratio of 26.88 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a 1-year low of $60.18 and a 1-year high of $89.73. The company's fifty day moving average price is $77.68 and its 200-day moving average price is $79.65. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The technology company reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.03. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. The business's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.28 earnings per share. As a group, equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.00 annualized dividend and a yield of 1.24%. SS&C Technologies's dividend payout ratio is presently 31.06%.

Insider Activity at SS&C Technologies

In other news, Director Jonathan E. Michael purchased 2,700 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The shares were bought at an average price of $75.53 per share, for a total transaction of $203,931.00. Following the completion of the transaction, the director now owns 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 purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael Jay Zamkow sold 12,500 shares of the firm's stock in a transaction 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 sale, the director now owns 12,476 shares in the company, valued at approximately $997,081.92. This represents a 50.05% decrease in their position. The disclosure for this sale can be found here. 16.40% of the stock is owned by company insiders.

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.

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