Castlekeep Investment Advisors LLC Makes New Investment in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Castlekeep Investment Advisors LLC bought a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 27,963 shares of the technology company’s stock, valued at approximately $2,119,000.

Several other hedge funds and other institutional investors also recently modified their holdings of SSNC. Truist Financial Corp boosted its holdings in SS&C Technologies by 82.0% in the 4th quarter. Truist Financial Corp now owns 19,078 shares of the technology company’s stock worth $1,446,000 after buying an additional 8,598 shares during the period. Thompson Siegel & Walmsley LLC lifted its position in shares of SS&C Technologies by 993.0% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 355,286 shares of the technology company’s stock worth $26,924,000 after acquiring an additional 322,781 shares in the last quarter. Swedbank AB boosted its holdings in shares of SS&C Technologies by 17.5% in the fourth quarter. Swedbank AB now owns 1,753,236 shares of the technology company’s stock worth $132,860,000 after acquiring an additional 261,275 shares during the period. Empowered Funds LLC boosted its holdings in shares of SS&C Technologies by 2,569.3% in the fourth quarter. Empowered Funds LLC now owns 108,054 shares of the technology company’s stock worth $8,188,000 after acquiring an additional 104,006 shares during the period. Finally, Fisher Funds Management LTD purchased a new position in shares of SS&C Technologies in the fourth quarter valued at $3,544,000. Institutional investors own 96.95% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Raymond James dropped their price objective on SS&C Technologies from $95.00 to $90.00 and set a “strong-buy” rating on the stock in a report on Friday, April 25th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $86.00 target price (down previously from $90.00) on shares of SS&C Technologies in a report on Friday, April 25th. DA Davidson decreased their price target on SS&C Technologies from $100.00 to $94.00 and set a “buy” rating on the stock in a research report on Monday, April 28th. Jefferies Financial Group upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and raised their price objective for the company from $70.00 to $94.00 in a research report on Monday, February 3rd. Finally, Needham & Company LLC reduced their price objective on shares of SS&C Technologies from $105.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, April 25th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $91.86.

SS&C Technologies Price Performance

SS&C Technologies stock opened at $79.79 on Friday. The stock has a market cap of $19.68 billion, a price-to-earnings ratio of 26.60 and a beta of 1.24. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The business has a 50-day simple moving average of $78.22 and a 200 day simple moving average of $79.15. SS&C Technologies Holdings, Inc. has a 52 week low of $60.01 and a 52 week high of $89.73.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.03. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the company posted $1.28 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, research analysts forecast 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 announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.00 annualized dividend and a yield of 1.25%. SS&C Technologies’s payout ratio is presently 31.06%.

Insiders Place Their Bets

In other SS&C Technologies news, Director Michael Jay Zamkow sold 12,500 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $79.92, for a total transaction of $999,000.00. Following the sale, the director now owns 12,476 shares in the company, valued at $997,081.92. This trade represents a 50.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jonathan E. Michael purchased 2,700 shares of the company’s stock in a transaction on Thursday, May 1st. The shares were purchased at an average cost of $75.53 per share, with a total value of $203,931.00. Following the purchase, the director now owns 72,776 shares of the company’s stock, valued at approximately $5,496,771.28. The trade was a 3.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 16.40% of the company’s stock.

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.