SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Acquired by Gotham Asset Management LLC

Gotham Asset Management LLC increased its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 198,844 shares of the technology company’s stock after acquiring an additional 3,990 shares during the quarter. Gotham Asset Management LLC owned approximately 0.08% of SS&C Technologies worth $15,068,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SSNC. Kestra Investment Management LLC purchased a new position in shares of SS&C Technologies in the 4th quarter worth $39,000. Parkside Financial Bank & Trust lifted its stake in shares of 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 purchasing an additional 229 shares in the last quarter. Colonial Trust Co SC grew its holdings in shares of SS&C Technologies by 239.3% during the 4th quarter. Colonial Trust Co SC now owns 553 shares of the technology company’s stock worth $42,000 after purchasing an additional 390 shares during the period. Financial Perspectives Inc acquired a new stake in SS&C Technologies during the 4th quarter worth approximately $51,000. Finally, Rialto Wealth Management LLC acquired a new position in SS&C Technologies during the fourth quarter valued at approximately $64,000. 96.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SSNC has been the subject of several recent research reports. Needham & Company LLC dropped their price objective on shares of SS&C Technologies from $105.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, April 25th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $86.00 target price (down from $90.00) on shares of SS&C Technologies in a report on Friday, April 25th. UBS Group upped their price target on SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Royal Bank of Canada raised their price target on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, DA Davidson decreased their price objective on shares of SS&C Technologies from $100.00 to $94.00 and set a “buy” rating for the company in a research report on Monday, April 28th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $91.86.

SS&C Technologies Trading Down 0.1 %

NASDAQ:SSNC opened at $77.61 on Friday. SS&C Technologies Holdings, Inc. has a 52 week low of $60.01 and a 52 week high of $89.73. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The company has a market cap of $19.14 billion, a PE ratio of 25.87 and a beta of 1.24. The business’s 50 day moving average is $78.87 and its two-hundred day moving average is $78.62.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data 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 the consensus estimate of $1.50 billion. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.28 earnings per share. On average, analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.25 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.29%. SS&C Technologies’s dividend payout ratio is currently 31.06%.

Insider Activity

In other SS&C Technologies news, Director Michael Jay Zamkow sold 23,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the completion of the transaction, the director now owns 23,200 shares in the company, valued at approximately $2,050,648. The trade was a 49.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jason Douglas White sold 71,000 shares of the firm’s 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 in the company, valued at $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. Corporate 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.