Voya Investment Management LLC Has $18.73 Million Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Voya Investment Management LLC lowered its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 247,213 shares of the technology company's stock after selling 13,902 shares during the quarter. Voya Investment Management LLC owned 0.10% of SS&C Technologies worth $18,734,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Virtu Financial LLC purchased a new stake in shares of SS&C Technologies in the third quarter valued at $372,000. SkyView Investment Advisors LLC lifted its stake in SS&C Technologies by 2.2% in the 3rd quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company's stock worth $475,000 after acquiring an additional 137 shares in the last quarter. Boyar Asset Management Inc. acquired a new stake in SS&C Technologies during the 3rd quarter worth about $1,334,000. Wilmington Savings Fund Society FSB purchased a new position in SS&C Technologies during the 3rd quarter valued at about $2,326,000. Finally, Tidal Investments LLC increased its holdings in shares of SS&C Technologies by 111.4% in the 3rd quarter. Tidal Investments LLC now owns 87,897 shares of the technology company's stock valued at $6,523,000 after purchasing an additional 46,323 shares during the period. Hedge funds and other institutional investors own 96.95% of the company's stock.

SS&C Technologies Stock Up 2.7 %

Shares of NASDAQ:SSNC traded up $2.03 on Friday, reaching $77.70. The company had a trading volume of 2,275,776 shares, compared to its average volume of 1,285,346. SS&C Technologies Holdings, Inc. has a twelve month low of $60.01 and a twelve month high of $89.73. The stock has a 50-day moving average price of $79.91 and a 200 day moving average price of $78.57. The stock has a market capitalization of $19.15 billion, a P/E ratio of 25.90 and a beta of 1.24. The company has a quick ratio of 1.21, a current 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 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the business earned $1.28 EPS. The firm's revenue was up 5.5% compared to the same quarter last year. On average, equities analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 1.29%. SS&C Technologies's dividend payout ratio (DPR) is presently 31.06%.

Insiders Place Their Bets

In related news, SVP Jason Douglas White sold 71,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the completion of the sale, the senior vice president now owns 6,412 shares in the company, valued at $570,411.52. This represents a 91.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total value of $2,032,970.00. Following the completion of the transaction, the director now directly owns 23,200 shares in the company, valued at approximately $2,050,648. This represents a 49.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 16.40% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. UBS Group raised their price target on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. DA Davidson dropped their price target on shares of SS&C Technologies from $100.00 to $94.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Raymond James reduced their price objective on SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating for the company in a research report on Friday, April 25th. Royal Bank of Canada raised their price target on SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Finally, StockNews.com lowered SS&C Technologies from a "strong-buy" rating to a "buy" rating in a report on Friday, April 25th. One 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 company. Based on data from MarketBeat, SS&C Technologies presently has an average rating of "Buy" and a consensus price target of $91.86.

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.