SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Acquired by Progeny 3 Inc.

Progeny 3 Inc. grew its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 26.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 989,200 shares of the technology company's stock after purchasing an additional 207,600 shares during the quarter. SS&C Technologies comprises about 6.0% of Progeny 3 Inc.'s portfolio, making the stock its 6th biggest position. Progeny 3 Inc. owned approximately 0.40% of SS&C Technologies worth $74,962,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in SSNC. Kestra Investment Management LLC purchased a new stake in shares of SS&C Technologies in the fourth quarter worth approximately $39,000. Parkside Financial Bank & Trust grew its position in shares of SS&C Technologies by 76.1% during the 4th 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 period. Colonial Trust Co SC lifted its position 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 valued at $42,000 after buying an additional 390 shares during the last quarter. Financial Perspectives Inc bought a new position in SS&C Technologies during the fourth quarter worth about $51,000. Finally, Rialto Wealth Management LLC purchased a new position in shares of SS&C Technologies in the fourth quarter worth about $64,000. Institutional investors and hedge funds own 96.95% of the company's stock.

Insider Transactions at SS&C Technologies

In other news, Director Jonathan E. Michael bought 2,700 shares of the stock in a transaction dated Thursday, May 1st. The shares were acquired at an average cost of $75.53 per share, with a total value of $203,931.00. Following the purchase, the director now directly owns 72,776 shares in the company, valued at $5,496,771.28. The trade was a 3.85% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael Jay Zamkow sold 12,500 shares of SS&C Technologies 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 completion of the sale, the director now directly owns 12,476 shares in the company, valued at $997,081.92. This represents a 50.05% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 16.40% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SSNC shares. UBS Group increased their target price on SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Raymond James lowered their target price on shares of SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating on the stock in a research note on Friday, April 25th. JPMorgan Chase & Co. reiterated 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. Royal Bank of Canada lifted 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 report on Friday, February 7th. Finally, StockNews.com upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday. One investment analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, SS&C Technologies has an average rating of "Buy" and a consensus target price of $91.86.

SS&C Technologies Stock Performance

SSNC traded up $0.35 during midday trading on Tuesday, hitting $80.41. 529,370 shares of the company traded hands, compared to its average volume of 1,305,791. The company's 50-day moving average is $78.37 and its 200 day moving average is $79.04. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $19.83 billion, a PE ratio of 26.82 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a 52 week low of $60.01 and a 52 week high of $89.73.

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 analysts' consensus estimates of $1.41 by $0.03. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the firm posted $1.28 earnings per share. The firm's revenue was up 5.5% compared to the same quarter last year. On average, research analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

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.