SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Purchased by North Star Asset Management Inc.

North Star Asset Management Inc. lifted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 1.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 605,239 shares of the technology company’s stock after purchasing an additional 6,536 shares during the period. SS&C Technologies accounts for 2.3% of North Star Asset Management Inc.’s holdings, making the stock its 7th biggest holding. North Star Asset Management Inc. owned about 0.25% of SS&C Technologies worth $50,556,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Kestra Private Wealth Services LLC boosted its stake in shares of SS&C Technologies by 29.9% in the 1st quarter. Kestra Private Wealth Services LLC now owns 16,050 shares of the technology company’s stock valued at $1,341,000 after purchasing an additional 3,698 shares during the last quarter. Unigestion Holding SA boosted its position in SS&C Technologies by 861.7% during the first quarter. Unigestion Holding SA now owns 95,341 shares of the technology company’s stock valued at $7,964,000 after acquiring an additional 85,427 shares during the last quarter. Ritholtz Wealth Management acquired a new stake in SS&C Technologies during the 1st quarter worth about $509,000. Bank of New York Mellon Corp grew its holdings in SS&C Technologies by 6.8% during the 1st quarter. Bank of New York Mellon Corp now owns 1,191,017 shares of the technology company’s stock worth $99,486,000 after acquiring an additional 75,807 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of SS&C Technologies by 403.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,865 shares of the technology company’s stock worth $6,337,000 after acquiring an additional 60,784 shares in the last quarter. Institutional investors own 96.95% of the company’s stock.

Insider Buying and Selling

In related 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 price of $75.53 per share, for a total transaction of $203,931.00. Following the completion of the acquisition, the director directly owned 72,776 shares of the company’s stock, valued at $5,496,771.28. This trade represents a 3.85% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael Jay Zamkow sold 12,500 shares of SS&C Technologies stock in a transaction that occurred 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 transaction, the director directly owned 12,476 shares in the company, valued at approximately $997,081.92. The trade was a 50.05% decrease in their position. The disclosure for this sale can be found here. Insiders own 16.40% of the company’s stock.

SS&C Technologies Stock Performance

NASDAQ SSNC opened at $85.26 on Wednesday. The company has a market cap of $21.03 billion, a P/E ratio of 26.73 and a beta of 1.23. The company has a fifty day simple moving average of $81.67 and a 200 day simple moving average of $81.19. 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 $66.83 and a 12-month high of $89.73.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. SS&C Technologies had a net margin of 13.34% and a return on equity of 19.08%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the firm earned $1.27 earnings per share. Sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.17%. SS&C Technologies’s dividend payout ratio (DPR) is currently 31.35%.

Analyst Upgrades and Downgrades

SSNC has been the topic of several research analyst reports. Raymond James Financial upped their target price on SS&C Technologies from $90.00 to $95.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 24th. JPMorgan Chase & Co. increased their price target on SS&C Technologies from $86.00 to $94.00 and gave the stock a “neutral” rating in a report on Thursday, July 24th. Needham & Company LLC raised their price objective on shares of SS&C Technologies from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Morgan Stanley boosted their target price on shares of SS&C Technologies from $75.00 to $88.00 and gave the company an “equal weight” rating in a research report on Thursday, July 24th. Finally, Wall Street Zen raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 16th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given 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 $97.13.

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.