SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Holdings Raised by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC grew its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 113.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,970 shares of the technology company’s stock after purchasing an additional 8,494 shares during the period. Pallas Capital Advisors LLC’s holdings in SS&C Technologies were worth $1,334,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC lifted its stake in SS&C Technologies by 37.6% in the 1st quarter. Farther Finance Advisors LLC now owns 1,600 shares of the technology company’s stock worth $133,000 after acquiring an additional 437 shares in the last quarter. Wedge Capital Management L L P NC lifted its stake in SS&C Technologies by 1,135.3% in the 1st quarter. Wedge Capital Management L L P NC now owns 707,105 shares of the technology company’s stock worth $59,064,000 after acquiring an additional 649,864 shares in the last quarter. Park Avenue Securities LLC lifted its stake in SS&C Technologies by 129.8% in the 1st quarter. Park Avenue Securities LLC now owns 44,548 shares of the technology company’s stock worth $3,721,000 after acquiring an additional 25,166 shares in the last quarter. Wedmont Private Capital purchased a new stake in SS&C Technologies in the 1st quarter worth about $206,000. Finally, Gateway Investment Advisers LLC lifted its stake in SS&C Technologies by 10.3% in the 1st quarter. Gateway Investment Advisers LLC now owns 19,592 shares of the technology company’s stock worth $1,637,000 after acquiring an additional 1,827 shares in the last quarter. 96.95% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, Director Jonathan E. Michael bought 2,700 shares of the firm’s stock in a transaction that occurred on Thursday, May 1st. The stock was purchased at an average price of $75.53 per share, for a total transaction of $203,931.00. Following the purchase, the director now directly owns 72,776 shares in the company, valued at $5,496,771.28. This trade represents a 3.85% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Jay Zamkow sold 12,500 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $79.92, for a total value of $999,000.00. Following the sale, the director now owns 12,476 shares of the company’s stock, valued at approximately $997,081.92. The trade was a 50.05% decrease in their position. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Wall Street Zen raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 16th. Raymond James reduced their price objective on SS&C Technologies from $95.00 to $90.00 and set a “strong-buy” rating for the company in a research note on Friday, April 25th. Needham & Company LLC reduced their price objective on 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. DA Davidson dropped their target price 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. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $86.00 target price (down from $90.00) on shares of SS&C Technologies in a research report on Friday, April 25th. One analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, SS&C Technologies currently has a consensus rating of “Buy” and a consensus target price of $91.86.

SS&C Technologies Stock Performance

SSNC opened at $81.82 on Wednesday. The company has a market cap of $20.18 billion, a PE ratio of 27.27 and a beta of 1.24. The stock has a 50-day moving average of $77.67 and a 200-day moving average of $79.70. SS&C Technologies Holdings, Inc. has a 52-week low of $60.18 and a 52-week high of $89.73. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.03. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.28 EPS. As a group, equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid 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 dividend yield of 1.22%. SS&C Technologies’s dividend payout ratio (DPR) is presently 31.06%.

SS&C Technologies Company 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.