Farther Finance Advisors LLC lifted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) by 37.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,600 shares of the technology company’s stock after acquiring an additional 437 shares during the period. Farther Finance Advisors LLC’s holdings in SS&C Technologies were worth $133,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of SSNC. Steward Partners Investment Advisory LLC increased its position in shares of SS&C Technologies by 16.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the technology company’s stock worth $67,000 after acquiring an additional 123 shares in the last quarter. EP Wealth Advisors LLC lifted its position in shares of SS&C Technologies by 2.0% during the fourth quarter. EP Wealth Advisors LLC now owns 7,003 shares of the technology company’s stock worth $531,000 after purchasing an additional 139 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in SS&C Technologies by 11.8% during the 4th quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company’s stock worth $107,000 after buying an additional 149 shares during the last quarter. Wellington Management Group LLP boosted its holdings 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 worth $242,000 after purchasing an additional 161 shares during the period. Finally, Legacy Capital Group California Inc. boosted its holdings in shares of SS&C Technologies by 5.8% in the 4th quarter. Legacy Capital Group California Inc. now owns 3,003 shares of the technology company’s stock valued at $228,000 after buying an additional 164 shares during the period. 96.95% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, Director Jonathan E. Michael bought 2,700 shares of the company’s stock in a transaction dated Thursday, May 1st. The shares were bought at an average cost of $75.53 per share, with a total value of $203,931.00. Following the acquisition, the director now owns 72,776 shares in the company, valued at $5,496,771.28. This trade represents a 3.85% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Jay Zamkow sold 12,500 shares of the firm’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $79.92, for a total value of $999,000.00. Following the sale, the director now directly owns 12,476 shares of the company’s stock, valued at $997,081.92. This represents a 50.05% decrease in their position. The disclosure for this sale can be found here. Company insiders own 16.40% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on SSNC
SS&C Technologies Trading Down 0.1%
Shares of SSNC opened at $79.43 on Friday. The stock has a market cap of $19.59 billion, a PE ratio of 24.67 and a beta of 1.24. The stock has a 50 day simple moving average of $78.52 and a 200-day simple moving average of $79.85. SS&C Technologies Holdings, Inc. has a 1 year low of $61.13 and a 1 year high of $89.73. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.00.
SS&C Technologies (NASDAQ:SSNC – Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.03. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. SS&C Technologies had a net margin of 13.69% and a return on equity of 18.68%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.28 EPS. On average, sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.
SS&C Technologies Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.25 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.26%. SS&C Technologies’s dividend payout ratio (DPR) is presently 31.06%.
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.
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