Price T Rowe Associates Inc. MD Purchases 25,183 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Price T Rowe Associates Inc. MD grew its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,860,256 shares of the technology company’s stock after acquiring an additional 25,183 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in SS&C Technologies were worth $248,485,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Quent Capital LLC increased its holdings in shares of SS&C Technologies by 76.8% during the first quarter. Quent Capital LLC now owns 396 shares of the technology company’s stock valued at $25,000 after acquiring an additional 172 shares in the last quarter. ST Germain D J Co. Inc. acquired a new position in shares of SS&C Technologies during the first quarter valued at about $27,000. Denali Advisors LLC acquired a new position in shares of SS&C Technologies during the first quarter valued at about $51,000. Principal Securities Inc. acquired a new position in shares of SS&C Technologies during the fourth quarter valued at about $53,000. Finally, Tobam increased its holdings in shares of SS&C Technologies by 1,428.8% during the fourth quarter. Tobam now owns 1,009 shares of the technology company’s stock valued at $62,000 after acquiring an additional 943 shares in the last quarter. Institutional investors and hedge funds own 96.95% of the company’s stock.

Insiders Place Their Bets

In other SS&C Technologies news, Director Michael Jay Zamkow sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $63.94, for a total value of $639,400.00. Following the sale, the director now owns 38,000 shares in the company, valued at approximately $2,429,720. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last 90 days, insiders have sold 32,500 shares of company stock worth $2,027,750. Corporate insiders own 15.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Royal Bank of Canada upped their price objective on shares of SS&C Technologies from $72.00 to $75.00 and gave the company an “outperform” rating in a report on Friday. DA Davidson upped their price objective on shares of SS&C Technologies from $78.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Jefferies Financial Group increased their price target on shares of SS&C Technologies from $54.00 to $61.00 and gave the stock a “hold” rating in a report on Monday, April 29th. Finally, Needham & Company LLC increased their price target on shares of SS&C Technologies from $74.00 to $81.00 and gave the stock a “buy” rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, SS&C Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $71.80.

SS&C Technologies Stock Performance

NASDAQ:SSNC traded up $4.27 during midday trading on Friday, hitting $72.29. The company’s stock had a trading volume of 2,959,802 shares, compared to its average volume of 867,725. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. SS&C Technologies Holdings, Inc. has a fifty-two week low of $46.61 and a fifty-two week high of $73.30. The firm’s 50 day moving average is $63.27 and its 200-day moving average is $62.60. The firm has a market cap of $17.88 billion, a P/E ratio of 28.80 and a beta of 1.38.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, July 25th. The technology company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.20 by $0.07. SS&C Technologies had a return on equity of 17.52% and a net margin of 12.33%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the firm posted $0.96 EPS. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a $0.24 dividend. The ex-dividend date was Monday, June 3rd. This represents a $0.96 annualized dividend and a yield of 1.33%. SS&C Technologies’s dividend payout ratio is presently 38.25%.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.