SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Stake Decreased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 25.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 88,077 shares of the technology company's stock after selling 29,689 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in SS&C Technologies were worth $7,357,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. EP Wealth Advisors LLC raised its stake in SS&C Technologies by 2.0% in the fourth quarter. EP Wealth Advisors LLC now owns 7,003 shares of the technology company's stock valued at $531,000 after buying an additional 139 shares during the last quarter. Global X Japan Co. Ltd. increased its stake in shares of SS&C Technologies by 16.1% in the 1st quarter. Global X Japan Co. Ltd. now owns 1,011 shares of the technology company's stock valued at $84,000 after purchasing an additional 140 shares in the last quarter. Tectonic Advisors LLC raised its position in SS&C Technologies by 1.9% during the first quarter. Tectonic Advisors LLC now owns 7,534 shares of the technology company's stock worth $629,000 after acquiring an additional 144 shares during the period. Wellington Management Group LLP raised its holdings in shares of SS&C Technologies by 5.3% during the fourth quarter. Wellington Management Group LLP now owns 3,193 shares of the technology company's stock valued at $242,000 after acquiring an additional 161 shares during the last quarter. Finally, Prudent Man Advisors LLC boosted its holdings in shares of SS&C Technologies by 2.2% during the 1st quarter. Prudent Man Advisors LLC now owns 7,651 shares of the technology company's stock worth $639,000 after purchasing an additional 163 shares during the last quarter. 96.95% of the stock is currently owned by institutional investors.

SS&C Technologies Stock Down 1.5%

Shares of SSNC traded down $1.25 during midday trading on Friday, hitting $84.23. The company had a trading volume of 1,301,002 shares, compared to its average volume of 1,189,137. The company has a quick ratio of 1.11, a current ratio of 1.14 and a debt-to-equity ratio of 0.97. The stock has a market cap of $20.57 billion, a price-to-earnings ratio of 26.40 and a beta of 1.25. SS&C Technologies Holdings, Inc. has a 52 week low of $66.83 and a 52 week high of $89.73. The company's 50 day moving average price is $82.13 and its 200 day moving average price is $81.36.

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

SS&C Technologies Dividend Announcement

The business also recently announced 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 of this dividend was Monday, June 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.2%. SS&C Technologies's dividend payout ratio is 31.35%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Morgan Stanley lifted their price target on shares of SS&C Technologies from $75.00 to $88.00 and gave the company an "equal weight" rating in a research report on Thursday, July 24th. Raymond James Financial lifted their target price on shares of SS&C Technologies from $90.00 to $95.00 and gave the company a "strong-buy" rating in a report on Thursday, July 24th. JPMorgan Chase & Co. upped their target price on SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Wall Street Zen raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. Finally, Needham & Company LLC boosted their price objective on shares of SS&C Technologies from $90.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, SS&C Technologies has a consensus rating of "Buy" and a consensus target price of $97.13.

Insider Activity at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 12,500 shares of the firm'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 value of $999,000.00. Following the sale, the director owned 12,476 shares of the company's stock, valued at approximately $997,081.92. This trade represents a 50.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 16.40% of the company's stock.

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.