SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Purchased by Gotham Asset Management LLC

Gotham Asset Management LLC lifted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 198,844 shares of the technology company's stock after purchasing an additional 3,990 shares during the quarter. Gotham Asset Management LLC owned about 0.08% of SS&C Technologies worth $15,068,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Focus Partners Wealth raised its position in shares of SS&C Technologies by 137.2% in the 4th quarter. Focus Partners Wealth now owns 6,931 shares of the technology company's stock worth $525,000 after buying an additional 4,009 shares during the period. Ensign Peak Advisors Inc raised its position in shares of SS&C Technologies by 7.5% in the 4th quarter. Ensign Peak Advisors Inc now owns 84,649 shares of the technology company's stock worth $6,415,000 after buying an additional 5,942 shares during the period. Fiduciary Trust Co raised its position in SS&C Technologies by 14.9% in the fourth quarter. Fiduciary Trust Co now owns 3,930 shares of the technology company's stock valued at $298,000 after purchasing an additional 511 shares during the period. Fullcircle Wealth LLC purchased a new position in SS&C Technologies in the fourth quarter valued at about $202,000. Finally, Deutsche Bank AG raised its position in SS&C Technologies by 20.1% in the fourth quarter. Deutsche Bank AG now owns 533,833 shares of the technology company's stock valued at $40,454,000 after purchasing an additional 89,280 shares during the period. Institutional investors and hedge funds own 96.95% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on SSNC. Jefferies Financial Group raised SS&C Technologies from a "hold" rating to a "buy" rating and raised their price objective for the company from $70.00 to $94.00 in a research report on Monday, February 3rd. StockNews.com raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $86.00 target price (down from $90.00) on shares of SS&C Technologies in a research report on Friday, April 25th. Raymond James dropped their target price on 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, Needham & Company LLC dropped their target price 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. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $91.86.

SS&C Technologies Stock Down 0.5%

NASDAQ:SSNC traded down $0.40 during mid-day trading on Wednesday, reaching $79.26. The stock had a trading volume of 1,260,007 shares, compared to its average volume of 1,304,945. The company has a market capitalization of $19.55 billion, a price-to-earnings ratio of 26.42 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a 1-year low of $60.01 and a 1-year high of $89.73. The stock's 50 day simple moving average is $78.50 and its two-hundred day simple moving average is $78.72. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, topping analysts' consensus estimates 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%. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm earned $1.28 earnings per share. Equities analysts anticipate 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, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.25 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.26%. SS&C Technologies's payout ratio is currently 31.06%.

Insider Buying and Selling at SS&C Technologies

In other SS&C Technologies news, Director Jonathan E. Michael purchased 2,700 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were bought at an average price of $75.53 per share, with a total value of $203,931.00. Following the completion of the acquisition, the director now owns 72,776 shares in the company, valued at approximately $5,496,771.28. This represents a 3.85% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction that occurred on 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 sale, the senior vice president now directly 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.

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.