Victory Capital Management Inc. Sells 376,115 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Victory Capital Management Inc. lowered its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 25.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,078,822 shares of the technology company's stock after selling 376,115 shares during the quarter. Victory Capital Management Inc. owned 0.44% of SS&C Technologies worth $90,114,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Atwood & Palmer Inc. boosted its stake in shares of SS&C Technologies by 125.8% during the 1st 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 last quarter. Larson Financial Group LLC boosted its stake in shares of SS&C Technologies by 634.8% during the 1st quarter. Larson Financial Group LLC now owns 338 shares of the technology company's stock worth $28,000 after purchasing an additional 292 shares during the last quarter. Whittier Trust Co. acquired a new stake in shares of SS&C Technologies during the 1st quarter worth about $29,000. Colonial Trust Co SC boosted its stake in shares of SS&C Technologies by 239.3% during the 4th quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock worth $42,000 after purchasing an additional 390 shares during the last quarter. Finally, True Wealth Design LLC boosted its stake in shares of SS&C Technologies by 163.6% during the 4th quarter. True Wealth Design LLC now owns 551 shares of the technology company's stock worth $42,000 after purchasing an additional 342 shares during the last quarter. Hedge funds and other institutional investors own 96.95% of the company's stock.

SS&C Technologies Price Performance

SSNC stock traded up $0.15 during trading on Friday, hitting $83.41. The company had a trading volume of 913,816 shares, compared to its average volume of 1,329,161. The firm has a market capitalization of $20.57 billion, a price-to-earnings ratio of 25.90 and a beta of 1.23. The business has a 50 day moving average of $81.10 and a 200 day moving average of $80.75. SS&C Technologies Holdings, Inc. has a fifty-two week low of $66.46 and a fifty-two week high of $89.73. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.00.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. SS&C Technologies had a return on equity of 18.68% and a net margin of 13.69%. The business's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.28 EPS. As a group, 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 firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.25 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.20%. SS&C Technologies's dividend payout ratio is 31.06%.

Analysts Set New Price Targets

SSNC has been the topic of several recent analyst reports. 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. Raymond James Financial cut their price target on shares of 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. DA Davidson raised their price target on shares of SS&C Technologies from $94.00 to $98.00 and gave the company a "buy" rating in a report on Monday, July 14th. JPMorgan Chase & Co. restated 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. Finally, Needham & Company LLC cut their price target on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, April 25th. One research analyst has rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, SS&C Technologies has an average rating of "Buy" and an average target price of $92.43.

Insider Activity at SS&C Technologies

In other news, Director Jonathan E. Michael bought 2,700 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was acquired at an average cost of $75.53 per share, for a total transaction of $203,931.00. Following the completion of the purchase, the director owned 72,776 shares of the company's stock, valued at $5,496,771.28. This trade represents a 3.85% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Jay Zamkow sold 12,500 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $79.92, for a total value of $999,000.00. Following the completion of the transaction, the director 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. Insiders own 16.40% of the company's stock.

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.