Inspire Investing LLC Has $442,000 Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Inspire Investing LLC trimmed its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 5.5% during the first quarter, HoldingsChannel.com reports. The fund owned 6,859 shares of the technology company’s stock after selling 398 shares during the period. Inspire Investing LLC’s holdings in SS&C Technologies were worth $442,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Pzena Investment Management LLC raised its holdings in SS&C Technologies by 0.3% in the first quarter. Pzena Investment Management LLC now owns 14,519,103 shares of the technology company’s stock worth $934,595,000 after purchasing an additional 46,211 shares during the period. Burgundy Asset Management Ltd. lifted its holdings in SS&C Technologies by 2.2% during the fourth quarter. Burgundy Asset Management Ltd. now owns 4,716,792 shares of the technology company’s stock worth $288,243,000 after acquiring an additional 101,948 shares in the last quarter. Franklin Resources Inc. grew its stake in SS&C Technologies by 1.5% in the fourth quarter. Franklin Resources Inc. now owns 3,871,753 shares of the technology company’s stock valued at $236,603,000 after acquiring an additional 56,002 shares during the period. Norges Bank bought a new stake in shares of SS&C Technologies in the fourth quarter worth about $168,860,000. Finally, Dimensional Fund Advisors LP raised its position in shares of SS&C Technologies by 9.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,310,330 shares of the technology company’s stock worth $141,190,000 after purchasing an additional 199,780 shares during the period. Institutional investors own 96.95% of the company’s stock.

SS&C Technologies Stock Performance

NASDAQ:SSNC traded up $0.87 on Tuesday, hitting $67.40. The company’s stock had a trading volume of 359,800 shares, compared to its average volume of 947,077. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $16.67 billion, a P/E ratio of 26.51 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a one year low of $46.61 and a one year high of $67.60. The stock has a fifty day moving average of $62.41 and a two-hundred day moving average of $62.13.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data on Thursday, April 25th. The technology company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.03. The company had revenue of $1.44 billion for 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%. Research analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Monday, June 3rd. SS&C Technologies’s payout ratio is 38.25%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SSNC. Needham & Company LLC boosted their price objective on SS&C Technologies from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, April 26th. DA Davidson reiterated a “buy” rating and set a $78.00 target price on shares of SS&C Technologies in a report on Tuesday, April 16th. Finally, Jefferies Financial Group lifted their target price on SS&C Technologies from $54.00 to $61.00 and gave the company a “hold” rating in a research report on Monday, April 29th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, SS&C Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.20.

Insider Transactions at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 7,500 shares of the company’s 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 transaction, the director now directly owns 41,576 shares in the company, valued at $2,513,684.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have sold 32,500 shares of company stock worth $2,027,750. Company insiders own 15.40% of the company’s stock.

About SS&C Technologies

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.