Quantinno Capital Management LP Acquires 30,433 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Quantinno Capital Management LP grew its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 39.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 108,206 shares of the technology company's stock after purchasing an additional 30,433 shares during the period. Quantinno Capital Management LP's holdings in SS&C Technologies were worth $8,200,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SSNC. Truist Financial Corp raised its stake in SS&C Technologies by 82.0% in the 4th quarter. Truist Financial Corp now owns 19,078 shares of the technology company's stock valued at $1,446,000 after purchasing an additional 8,598 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its holdings in shares of SS&C Technologies by 993.0% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 355,286 shares of the technology company's stock worth $26,924,000 after purchasing an additional 322,781 shares during the period. ZWJ Investment Counsel Inc. grew its holdings in shares of SS&C Technologies by 3.5% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 330,352 shares of the technology company's stock worth $25,034,000 after purchasing an additional 11,077 shares during the period. Swedbank AB grew its holdings in shares of 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 purchasing an additional 261,275 shares during the period. Finally, Empowered Funds LLC boosted its holdings in SS&C Technologies by 2,569.3% during the 4th quarter. Empowered Funds LLC now owns 108,054 shares of the technology company's stock valued at $8,188,000 after acquiring an additional 104,006 shares during the period. 96.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on SSNC. DA Davidson lowered their target price on SS&C Technologies from $100.00 to $94.00 and set a "buy" rating for the company in a report on Monday, April 28th. StockNews.com raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $86.00 target price (down from $90.00) on shares of SS&C Technologies in a research note on Friday, April 25th. Jefferies Financial Group raised SS&C Technologies from a "hold" rating to a "buy" rating and upped their price objective for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. Finally, UBS Group upped their price objective on SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. One analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $91.86.

SS&C Technologies Stock Down 1.0%

Shares of SSNC traded down $0.79 during trading hours on Wednesday, hitting $79.60. 289,098 shares of the company were exchanged, compared to its average volume of 1,308,520. The firm's 50 day moving average is $78.38 and its 200-day moving average is $79.05. SS&C Technologies Holdings, Inc. has a 52 week low of $60.01 and a 52 week high of $89.73. The company has a market cap of $19.63 billion, a PE ratio of 26.54 and a beta of 1.24. 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 EPS for the quarter, topping the consensus estimate of $1.41 by $0.03. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate 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 was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $1.28 EPS. On average, equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

Insider Activity

In related news, Director Michael Jay Zamkow sold 12,500 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan E. Michael bought 2,700 shares of the company's stock in a transaction on Thursday, May 1st. The stock was purchased at an average price of $75.53 per share, with a total value of $203,931.00. Following the completion of the transaction, the director now directly owns 72,776 shares of the company's stock, valued at approximately $5,496,771.28. The trade was a 3.85% increase in their position. The disclosure for this purchase can be found here. Corporate 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.