Parametric Portfolio Associates LLC raised its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 25.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 187,338 shares of the technology company’s stock after purchasing an additional 37,638 shares during the period. Parametric Portfolio Associates LLC’s holdings in SS&C Technologies were worth $11,932,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Janus Henderson Group PLC boosted its stake in shares of SS&C Technologies by 2.9% in the 1st quarter. Janus Henderson Group PLC now owns 19,743,165 shares of the technology company’s stock worth $1,257,446,000 after buying an additional 558,026 shares during the last quarter. Vanguard Group Inc raised its stake in shares of SS&C Technologies by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 17,575,740 shares of the technology company’s stock worth $998,830,000 after acquiring an additional 176,195 shares in the last quarter. BlackRock Inc. raised its stake in shares of SS&C Technologies by 1.1% during the 4th quarter. BlackRock Inc. now owns 11,487,451 shares of the technology company’s stock worth $518,199,000 after acquiring an additional 124,435 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of SS&C Technologies by 2.7% during the 4th quarter. Bank of New York Mellon Corp now owns 2,936,473 shares of the technology company’s stock worth $132,465,000 after acquiring an additional 77,505 shares in the last quarter. Finally, Norges Bank bought a new position in shares of SS&C Technologies during the 4th quarter worth approximately $108,590,000. 82.45% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies stock traded down $0.04 during mid-day trading on Wednesday, reaching $57.40. 7,550 shares of the company traded hands, compared to its average volume of 1,597,804. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.77. SS&C Technologies Holdings, Inc. has a fifty-two week low of $40.96 and a fifty-two week high of $67.73. The firm has a market capitalization of $14.59 billion, a price-to-earnings ratio of 21.91, a PEG ratio of 1.70 and a beta of 1.33.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Tuesday, April 30th. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.04. SS&C Technologies had a net margin of 3.20% and a return on equity of 17.19%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the business posted $0.53 EPS. SS&C Technologies’s revenue for the quarter was up 164.7% compared to the same quarter last year. On average, sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 3.61 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, May 31st. This represents a $0.40 dividend on an annualized basis and a yield of 0.70%. SS&C Technologies’s payout ratio is 15.27%.

In related news, Director Michael Jay Zamkow purchased 17,000 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were acquired at an average price of $59.76 per share, for a total transaction of $1,015,920.00. Following the purchase, the director now owns 38,000 shares of the company’s stock, valued at approximately $2,270,880. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joseph J. Frank sold 10,141 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $59.89, for a total transaction of $607,344.49. Following the transaction, the senior vice president now owns 9,910 shares in the company, valued at approximately $593,509.90. The disclosure for this sale can be found here. Insiders have acquired a total of 17,159 shares of company stock worth $1,025,569 in the last 90 days. 14.50% of the stock is currently owned by company insiders.

Several research analysts recently commented on SSNC shares. Jefferies Financial Group lowered shares of SS&C Technologies from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $58.00 to $64.00 in a research note on Wednesday, May 1st. Needham & Company LLC reiterated a “strong-buy” rating and set a $75.00 price objective (up previously from $70.00) on shares of SS&C Technologies in a research note on Friday, February 15th. BidaskClub upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 20th. JPMorgan Chase & Co. set a $70.00 price objective on shares of SS&C Technologies and gave the stock a “buy” rating in a research note on Friday, February 15th. Finally, Royal Bank of Canada boosted their price objective on shares of SS&C Technologies to $70.00 and gave the stock an “outperform” rating in a research note on Friday, February 15th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $70.00.

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About SS&C Technologies

SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services and healthcare industries in the United States, Canada, rest of the Americas, Europe, the Asia Pacific, and Japan. The company's products and services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, including portfolio management and reporting; and back-office functions comprising accounting, transfer agency, compliance, regulatory services, performance measurement, reconciliation, reporting, processing, and clearing.

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Institutional Ownership by Quarter for SS&C Technologies (NASDAQ:SSNC)

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