Snyder Capital Management L P Purchases 110,153 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Snyder Capital Management L P grew its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,713,013 shares of the technology company's stock after purchasing an additional 110,153 shares during the period. SS&C Technologies makes up 2.7% of Snyder Capital Management L P's holdings, making the stock its 10th largest position. Snyder Capital Management L P owned approximately 0.69% of SS&C Technologies worth $129,812,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Steward Partners Investment Advisory LLC lifted its holdings in SS&C Technologies by 16.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the technology company's stock valued at $67,000 after purchasing an additional 123 shares in the last quarter. SkyView Investment Advisors LLC grew its stake in shares of SS&C Technologies by 2.2% during the third quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company's stock worth $475,000 after purchasing an additional 137 shares in the last quarter. Global Retirement Partners LLC boosted its stake in SS&C Technologies by 11.8% in the fourth quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company's stock valued at $107,000 after acquiring an additional 149 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in SS&C Technologies by 15.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,163 shares of the technology company's stock valued at $88,000 after acquiring an additional 158 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in SS&C Technologies by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 3,193 shares of the technology company's stock valued at $242,000 after acquiring an additional 161 shares in the last quarter. 96.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SSNC has been the subject of several analyst reports. JPMorgan Chase & Co. reissued a "neutral" rating and set a $86.00 price target (down from $90.00) on shares of SS&C Technologies in a report on Friday, April 25th. StockNews.com cut shares of SS&C Technologies from a "strong-buy" rating to a "buy" rating in a report on Friday, April 25th. DA Davidson cut their price target on shares of SS&C Technologies from $100.00 to $94.00 and set a "buy" rating for the company in a report on Monday. Needham & Company LLC cut their price target on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Jefferies Financial Group raised shares of SS&C Technologies from a "hold" rating to a "buy" rating and increased their price target for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. One equities research 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 stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $91.86.

Insider Buying and Selling

In other SS&C Technologies news, Director Michael Jay Zamkow sold 23,000 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the completion of the sale, the director now directly owns 23,200 shares of the company's stock, valued at approximately $2,050,648. This represents a 49.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the sale, the senior vice president now directly owns 6,412 shares of the company's stock, valued at $570,411.52. This represents a 91.72 % 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 Down 0.1 %

SSNC traded down $0.07 on Wednesday, reaching $74.84. The company's stock had a trading volume of 514,819 shares, compared to its average volume of 1,271,189. The stock has a market cap of $18.44 billion, a price-to-earnings ratio of 24.95 and a beta of 1.31. SS&C Technologies Holdings, Inc. has a 1 year low of $60.01 and a 1 year high of $89.73. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The business's 50 day moving average is $80.65 and its 200 day moving average is $78.56.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued 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. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the firm earned $1.28 EPS. The business's revenue was up 5.5% on a year-over-year basis. As a group, research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.34%. The ex-dividend date was Monday, March 3rd. SS&C Technologies's payout ratio is currently 31.06%.

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.