123,548 Shares in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Bought by ProShare Advisors LLC

ProShare Advisors LLC purchased a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 123,548 shares of the technology company’s stock, valued at approximately $7,953,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quent Capital LLC increased its stake in shares of SS&C Technologies by 76.8% in the first quarter. Quent Capital LLC now owns 396 shares of the technology company’s stock worth $25,000 after buying an additional 172 shares during the last quarter. ST Germain D J Co. Inc. bought a new stake in shares of SS&C Technologies in the first quarter worth $27,000. Denali Advisors LLC bought a new stake in shares of SS&C Technologies in the first quarter worth $51,000. Principal Securities Inc. bought a new stake in shares of SS&C Technologies in the fourth quarter worth $53,000. Finally, Tobam increased its stake in shares of SS&C Technologies by 1,428.8% in the fourth quarter. Tobam now owns 1,009 shares of the technology company’s stock worth $62,000 after buying an additional 943 shares during the last quarter. Institutional investors own 96.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SSNC. DA Davidson reissued a “buy” rating and set a $78.00 target price on shares of SS&C Technologies in a report on Tuesday, April 16th. Needham & Company LLC increased their target price on shares of SS&C Technologies from $70.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Jefferies Financial Group increased their target price 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. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.20.

SS&C Technologies Stock Performance

Shares of SS&C Technologies stock traded up $0.99 during trading on Wednesday, hitting $68.44. 1,488,315 shares of the stock were exchanged, compared to its average volume of 956,077. The stock’s fifty day moving average is $62.50 and its 200 day moving average is $62.18. The stock has a market cap of $16.93 billion, a PE ratio of 26.97 and a beta of 1.38. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. SS&C Technologies Holdings, Inc. has a 12 month low of $46.61 and a 12 month high of $68.64.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, April 25th. The technology company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.11 by $0.03. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.42 billion. SS&C Technologies had a net margin of 11.46% and a return on equity of 17.10%. As a group, sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current year.

SS&C Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors 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 dividend on an annualized basis and a yield of 1.40%. SS&C Technologies’s dividend payout ratio is presently 38.25%.

Insider Activity at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 7,500 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $60.46, for a total value of $453,450.00. Following the completion of the transaction, the director now owns 41,576 shares in the company, valued at approximately $2,513,684.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 32,500 shares of company stock worth $2,027,750 in the last 90 days. Corporate insiders own 15.40% of the company’s stock.

SS&C Technologies 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.