Thompson Investment Management Inc. Sells 4,597 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Thompson Investment Management Inc. cut its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 8.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,423 shares of the technology company’s stock after selling 4,597 shares during the quarter. Thompson Investment Management Inc.’s holdings in SS&C Technologies were worth $4,212,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of SSNC. Atwood & Palmer Inc. boosted its position in shares of SS&C Technologies by 125.8% during the 1st quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company’s stock worth $25,000 after purchasing an additional 166 shares in the last quarter. Kestra Investment Management LLC acquired a new position in SS&C Technologies during the 4th quarter worth approximately $39,000. Parkside Financial Bank & Trust boosted its holdings in SS&C Technologies by 76.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock worth $40,000 after acquiring an additional 229 shares in the last quarter. True Wealth Design LLC grew its stake in SS&C Technologies by 163.6% in the fourth quarter. True Wealth Design LLC now owns 551 shares of the technology company’s stock valued at $42,000 after acquiring an additional 342 shares during the period. Finally, Colonial Trust Co SC grew its stake in SS&C Technologies by 239.3% in the fourth quarter. Colonial Trust Co SC now owns 553 shares of the technology company’s stock valued at $42,000 after acquiring an additional 390 shares during the period. 96.95% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Stock Up 0.7%

SSNC opened at $81.82 on Wednesday. SS&C Technologies Holdings, Inc. has a fifty-two week low of $60.18 and a fifty-two week high of $89.73. The firm has a market capitalization of $20.18 billion, a P/E ratio of 27.27 and a beta of 1.24. The company’s 50-day moving average is $77.67 and its 200 day moving average is $79.70. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21.

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

SS&C Technologies Announces Dividend

The company 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 is Monday, June 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.22%. SS&C Technologies’s payout ratio is 31.06%.

Insider Buying and Selling

In related news, Director Jonathan E. Michael purchased 2,700 shares of the business’s stock in a transaction dated Thursday, May 1st. The stock was purchased at an average cost of $75.53 per share, with a total value of $203,931.00. Following the completion of the acquisition, the director now directly 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 purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael Jay Zamkow sold 12,500 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $79.92, for a total value of $999,000.00. Following the sale, the director now directly owns 12,476 shares in the company, valued at $997,081.92. This trade represents 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 insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $86.00 target price (down from $90.00) on shares of SS&C Technologies in a report on Friday, April 25th. DA Davidson dropped their price objective on shares of SS&C Technologies from $100.00 to $94.00 and set a “buy” rating on the stock in a research note on Monday, April 28th. Raymond James reduced their price objective on shares of SS&C Technologies from $95.00 to $90.00 and set a “strong-buy” rating for the company in a report on Friday, April 25th. Wall Street Zen raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 16th. Finally, Needham & Company LLC cut their price target 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. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, SS&C Technologies has a consensus rating of “Buy” and a consensus price target of $91.86.

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.