SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP lifted its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,193 shares of the technology company’s stock after purchasing an additional 161 shares during the period. Wellington Management Group LLP’s holdings in SS&C Technologies were worth $242,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kestra Investment Management LLC acquired a new position in SS&C Technologies in the 4th quarter valued at about $39,000. Parkside Financial Bank & Trust increased its position in SS&C Technologies by 76.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock valued at $40,000 after acquiring an additional 229 shares during the period. Colonial Trust Co SC increased its position in SS&C Technologies by 239.3% in the 4th quarter. Colonial Trust Co SC now owns 553 shares of the technology company’s stock valued at $42,000 after acquiring an additional 390 shares during the period. True Wealth Design LLC increased its position in SS&C Technologies by 163.6% in the 4th quarter. True Wealth Design LLC now owns 551 shares of the technology company’s stock valued at $42,000 after acquiring an additional 342 shares during the period. Finally, Financial Perspectives Inc acquired a new position in SS&C Technologies in the 4th quarter valued at about $51,000. Institutional investors and hedge funds own 96.95% of the company’s stock.

Insider Buying and Selling at SS&C Technologies

In other SS&C Technologies news, Director Michael Jay Zamkow sold 12,500 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $79.92, for a total transaction of $999,000.00. Following the sale, the director now owns 12,476 shares in the company, valued at approximately $997,081.92. This represents a 50.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan E. Michael purchased 2,700 shares of SS&C Technologies stock in a transaction on Thursday, May 1st. The shares were acquired at an average cost of $75.53 per share, for a total transaction of $203,931.00. Following the purchase, 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 disclosure for this purchase can be found here. 16.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SSNC. DA Davidson lowered their price objective on SS&C Technologies from $100.00 to $94.00 and set a “buy” rating on the stock in a report on Monday, April 28th. Raymond James lowered their price objective on SS&C Technologies from $95.00 to $90.00 and set a “strong-buy” rating on the stock in a report on Friday, April 25th. Wall Street Zen raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Friday, May 16th. Needham & Company LLC lowered their price objective on SS&C Technologies from $105.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $86.00 price objective (down previously from $90.00) on shares of SS&C Technologies in a report on Friday, April 25th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $91.86.

SS&C Technologies Stock Performance

SSNC opened at $80.64 on Monday. The stock has a market cap of $19.89 billion, a P/E ratio of 26.88 and a beta of 1.24. 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 stock’s 50 day simple moving average is $77.68 and its 200 day simple moving average is $79.65. SS&C Technologies Holdings, Inc. has a 1-year low of $60.18 and a 1-year high of $89.73.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.03. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations 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 was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.28 EPS. As a group, equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Monday, June 2nd. 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.