SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) is Hudson Way Capital Management LLC's 3rd Largest Position

Hudson Way Capital Management LLC increased its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 24.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,027,741 shares of the technology company's stock after buying an additional 199,472 shares during the quarter. SS&C Technologies accounts for about 8.8% of Hudson Way Capital Management LLC's portfolio, making the stock its 3rd biggest holding. Hudson Way Capital Management LLC owned about 0.41% of SS&C Technologies worth $77,882,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Truist Financial Corp lifted its holdings in SS&C Technologies by 82.0% during the 4th quarter. Truist Financial Corp now owns 19,078 shares of the technology company's stock worth $1,446,000 after purchasing an additional 8,598 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its stake in 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 acquiring an additional 322,781 shares during the period. ZWJ Investment Counsel Inc. increased its stake in 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 acquiring an additional 11,077 shares during the period. Benson Investment Management Company Inc. bought a new position in SS&C Technologies during the 4th quarter worth $5,578,000. Finally, Swedbank AB increased its stake in 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 acquiring an additional 261,275 shares during the period. 96.95% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Jonathan E. Michael acquired 2,700 shares of SS&C Technologies stock in a transaction on Thursday, May 1st. The stock was acquired at an average cost 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 trade represents a 3.85% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of the stock in a transaction 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 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 disclosure for this sale can be found here. 16.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on SSNC shares. UBS Group raised their price objective on SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. StockNews.com upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. Needham & Company LLC reduced their price objective 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. DA Davidson reduced their price objective on 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. Finally, Raymond James reduced their price objective 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. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, SS&C Technologies currently has an average rating of "Buy" and an average price target of $91.86.

SS&C Technologies Stock Down 0.5%

SSNC stock traded down $0.40 during trading on Wednesday, reaching $79.26. 1,260,007 shares of the stock were exchanged, compared to its average volume of 1,304,945. The firm has a market cap of $19.55 billion, a P/E ratio of 26.42 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a twelve month low of $60.01 and a twelve month high of $89.73. The firm's 50 day moving average is $78.50 and its 200 day moving average is $78.72. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings data 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 firm 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 quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.28 earnings per share. As a group, research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Monday, March 3rd. SS&C Technologies's dividend payout ratio (DPR) is presently 31.06%.

About SS&C Technologies

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.