North Star Asset Management Inc. Has $45.37 Million Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

North Star Asset Management Inc. increased its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 598,703 shares of the technology company’s stock after buying an additional 5,221 shares during the quarter. SS&C Technologies comprises about 2.0% of North Star Asset Management Inc.’s portfolio, making the stock its 9th largest holding. North Star Asset Management Inc.’s holdings in SS&C Technologies were worth $45,370,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of SSNC. Merit Financial Group LLC bought a new stake in shares of SS&C Technologies during the 4th quarter worth approximately $359,000. Arkadios Wealth Advisors bought a new stake in SS&C Technologies during the 4th quarter valued at $215,000. SG Americas Securities LLC bought a new stake in SS&C Technologies during the 4th quarter valued at $322,000. Janney Montgomery Scott LLC raised its position in SS&C Technologies by 3.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 48,009 shares of the technology company’s stock valued at $3,638,000 after purchasing an additional 1,727 shares in the last quarter. Finally, Curated Wealth Partners LLC raised its position in SS&C Technologies by 5.9% during the 4th quarter. Curated Wealth Partners LLC now owns 12,442 shares of the technology company’s stock valued at $943,000 after purchasing an additional 695 shares in the last quarter. 96.95% of the stock is owned by institutional investors.

SS&C Technologies Trading Up 1.1%

Shares of NASDAQ:SSNC opened at $79.79 on Friday. SS&C Technologies Holdings, Inc. has a 12-month low of $60.01 and a 12-month high of $89.73. The business’s fifty day simple moving average is $78.22 and its 200-day simple moving average is $79.15. The company has a market capitalization of $19.68 billion, a PE ratio of 26.60 and a beta of 1.24. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the business earned $1.28 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.00 annualized dividend and a yield of 1.25%. SS&C Technologies’s dividend payout ratio (DPR) is 31.06%.

Analyst Upgrades and Downgrades

SSNC has been the subject of a number of research analyst reports. Raymond James decreased their target price on SS&C Technologies from $95.00 to $90.00 and set a “strong-buy” rating for the company in a research report on Friday, April 25th. Jefferies Financial Group raised SS&C Technologies from a “hold” rating to a “buy” rating and lifted their target price for the company from $70.00 to $94.00 in a research report on Monday, February 3rd. Wall Street Zen raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 16th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $86.00 target price (down from $90.00) on shares of SS&C Technologies in a research report on Friday, April 25th. Finally, Needham & Company LLC decreased their target price on SS&C Technologies from $105.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, April 25th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, SS&C Technologies has a consensus rating of “Buy” and a consensus target price of $91.86.

Insider Buying and Selling

In related news, Director Michael Jay Zamkow sold 12,500 shares of the business’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $79.92, for a total transaction of $999,000.00. Following the transaction, the director now directly owns 12,476 shares in the company, valued at $997,081.92. The trade was a 50.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan E. Michael bought 2,700 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The shares were acquired at an average price of $75.53 per share, for a total transaction of $203,931.00. Following the completion of the purchase, the director now owns 72,776 shares in the company, valued at $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. 16.40% of the stock is owned by company insiders.

About SS&C Technologies

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.