Farther Finance Advisors LLC Buys 437 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Farther Finance Advisors LLC raised its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 37.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,600 shares of the technology company’s stock after purchasing an additional 437 shares during the quarter. Farther Finance Advisors LLC’s holdings in SS&C Technologies were worth $133,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of SS&C Technologies by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 20,215,026 shares of the technology company’s stock worth $1,531,895,000 after acquiring an additional 239,438 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of SS&C Technologies by 3.4% in the fourth quarter. Janus Henderson Group PLC now owns 16,598,958 shares of the technology company’s stock valued at $1,257,869,000 after purchasing an additional 539,483 shares in the last quarter. Boston Partners boosted its holdings in SS&C Technologies by 283.1% during the 4th quarter. Boston Partners now owns 5,279,386 shares of the technology company’s stock worth $400,161,000 after acquiring an additional 3,901,227 shares during the last quarter. Cantillon Capital Management LLC grew its position in SS&C Technologies by 0.6% in the 4th quarter. Cantillon Capital Management LLC now owns 4,533,081 shares of the technology company’s stock worth $343,517,000 after purchasing an additional 25,895 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of SS&C Technologies by 8.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,158,478 shares of the technology company’s stock valued at $239,353,000 after acquiring an additional 258,554 shares in the last quarter. Institutional investors and hedge funds own 96.95% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SSNC. JPMorgan Chase & Co. restated a “neutral” rating and issued a $86.00 target price (down from $90.00) on shares of SS&C Technologies in a research note on Friday, April 25th. 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 research report on Monday, April 28th. 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 research note on Friday, April 25th. Raymond James Financial cut their price objective on SS&C Technologies from $95.00 to $90.00 and set a “strong-buy” rating for the company in a report on Friday, April 25th. Finally, Wall Street Zen raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Friday, May 16th. One equities research 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 stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $91.86.

SS&C Technologies Stock Performance

NASDAQ:SSNC opened at $79.43 on Friday. The stock has a market capitalization of $19.59 billion, a P/E ratio of 24.67 and a beta of 1.24. 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 Holdings, Inc. has a 12-month low of $61.13 and a 12-month high of $89.73. The stock has a 50-day moving average price of $78.52 and a 200 day moving average price of $79.85.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.03. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. SS&C Technologies had a return on equity of 18.68% and a net margin of 13.69%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.28 EPS. Equities 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 firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.25 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.26%. SS&C Technologies’s dividend payout ratio is currently 31.06%.

Insider Activity

In other SS&C Technologies news, Director Michael Jay Zamkow sold 12,500 shares of the firm’s stock in a transaction on Tuesday, May 13th. The stock was 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 in the company, valued at $997,081.92. This trade represents a 50.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan E. Michael acquired 2,700 shares of SS&C Technologies stock in a transaction dated Thursday, May 1st. The shares were bought at an average price of $75.53 per share, with a total value of $203,931.00. Following the transaction, the director now directly owns 72,776 shares in the company, valued at approximately $5,496,771.28. The trade was a 3.85% increase in their position. The disclosure for this purchase can be found here. Insiders own 16.40% of the company’s stock.

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.