First Trust Advisors LP Sells 30,684 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

First Trust Advisors LP reduced its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 6.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 464,290 shares of the technology company's stock after selling 30,684 shares during the period. First Trust Advisors LP owned 0.19% of SS&C Technologies worth $35,184,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Truist Financial Corp increased its position in SS&C Technologies by 82.0% in the fourth quarter. Truist Financial Corp now owns 19,078 shares of the technology company's stock worth $1,446,000 after purchasing an additional 8,598 shares during the period. Thompson Siegel & Walmsley LLC raised its stake in shares of SS&C Technologies by 993.0% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 355,286 shares of the technology company's stock worth $26,924,000 after buying an additional 322,781 shares during the last quarter. ZWJ Investment Counsel Inc. lifted its holdings in SS&C Technologies by 3.5% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 330,352 shares of the technology company's stock valued at $25,034,000 after buying an additional 11,077 shares during the period. Benson Investment Management Company Inc. bought a new position in SS&C Technologies in the fourth quarter valued at approximately $5,578,000. Finally, Swedbank AB grew its holdings in SS&C Technologies by 17.5% during the 4th quarter. Swedbank AB now owns 1,753,236 shares of the technology company's stock worth $132,860,000 after acquiring an additional 261,275 shares during the period. 96.95% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Stock Up 0.9 %

Shares of SS&C Technologies stock traded up $0.69 during trading on Wednesday, reaching $75.60. The stock had a trading volume of 1,759,899 shares, compared to its average volume of 1,276,226. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $18.63 billion, a price-to-earnings ratio of 25.20 and a beta of 1.31. SS&C Technologies Holdings, Inc. has a 52 week low of $60.01 and a 52 week high of $89.73. The stock has a fifty day moving average price of $80.39 and a two-hundred day moving average price of $78.54.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The technology company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.03. The company had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.50 billion. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. SS&C Technologies's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.28 EPS. Sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend was Monday, March 3rd. SS&C Technologies's dividend payout ratio is 31.06%.

Insider Buying and Selling

In related news, Director Michael Jay Zamkow sold 23,000 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total value of $2,032,970.00. Following the completion of the sale, the director now directly owns 23,200 shares in the company, valued at approximately $2,050,648. The trade was a 49.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Jason Douglas White sold 71,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total value of $6,316,160.00. Following the transaction, the senior vice president now owns 6,412 shares in the company, valued at approximately $570,411.52. This trade represents a 91.72 % decrease in their position. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on SSNC. Needham & Company LLC reduced their price target on SS&C Technologies from $105.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. StockNews.com lowered SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research report on Friday, April 25th. Royal Bank of Canada upped their target price on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Raymond James reduced 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 research report on Friday, April 25th. Finally, DA Davidson lowered 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 research report on Monday. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, SS&C Technologies currently has an average rating of "Buy" and a consensus target price of $91.86.

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.