MML Investors Services LLC Boosts Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

MML Investors Services LLC increased its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 109.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 22,055 shares of the technology company's stock after acquiring an additional 11,508 shares during the period. MML Investors Services LLC's holdings in SS&C Technologies were worth $1,671,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Virtu Financial LLC purchased a new stake in shares of SS&C Technologies in the 3rd quarter worth $372,000. SkyView Investment Advisors LLC raised its position in shares of SS&C Technologies by 2.2% in the 3rd quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company's stock worth $475,000 after acquiring an additional 137 shares in the last quarter. Boyar Asset Management Inc. purchased a new stake in shares of SS&C Technologies during the third quarter valued at about $1,334,000. Wilmington Savings Fund Society FSB acquired a new stake in SS&C Technologies in the third quarter valued at approximately $2,326,000. Finally, Tidal Investments LLC increased its position in shares of SS&C Technologies by 111.4% during the third quarter. Tidal Investments LLC now owns 87,897 shares of the technology company's stock worth $6,523,000 after purchasing an additional 46,323 shares in the last quarter. Hedge funds and other institutional investors own 96.95% of the company's stock.

Insider Transactions at SS&C Technologies

In other news, SVP Jason Douglas White sold 71,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were 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 directly owns 6,412 shares of the company's stock, valued at approximately $570,411.52. This trade represents a 91.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael Jay Zamkow sold 23,000 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the transaction, the director now owns 23,200 shares in the company, valued at $2,050,648. The trade was a 49.78 % 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 Performance

SS&C Technologies stock traded up $2.03 during midday trading on Friday, hitting $77.70. 2,275,776 shares of the company were exchanged, compared to its average volume of 1,283,319. SS&C Technologies Holdings, Inc. has a fifty-two week low of $60.01 and a fifty-two week high of $89.73. The firm has a market capitalization of $19.15 billion, a PE ratio of 25.90 and a beta of 1.24. The business has a fifty day simple moving average of $79.91 and a two-hundred day simple moving average of $78.55. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its earnings results 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 firm had revenue of $1.51 billion during 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% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 EPS. On average, sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current 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 given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.29%. SS&C Technologies's dividend payout ratio is currently 31.06%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. UBS Group upped their target price on SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. DA Davidson dropped their target price on shares of SS&C Technologies from $100.00 to $94.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. 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. StockNews.com lowered shares of SS&C Technologies from a "strong-buy" rating to a "buy" rating in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $86.00 price target (down previously from $90.00) on shares of SS&C Technologies in a research report on Friday, April 25th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price 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.