Cwm LLC Boosts Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Cwm LLC boosted its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 13.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,386 shares of the technology company’s stock after buying an additional 413 shares during the quarter. Cwm LLC’s holdings in SS&C Technologies were worth $218,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake in SS&C Technologies by 14.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,292 shares of the technology company’s stock worth $79,000 after buying an additional 166 shares during the period. Carret Asset Management LLC boosted its stake in SS&C Technologies by 2.5% during the fourth quarter. Carret Asset Management LLC now owns 7,070 shares of the technology company’s stock worth $432,000 after buying an additional 175 shares during the period. Scotia Capital Inc. boosted its stake in shares of SS&C Technologies by 0.3% during the fourth quarter. Scotia Capital Inc. now owns 55,124 shares of the technology company’s stock valued at $3,369,000 after purchasing an additional 191 shares during the period. SkyView Investment Advisors LLC boosted its stake in shares of SS&C Technologies by 4.0% during the third quarter. SkyView Investment Advisors LLC now owns 4,963 shares of the technology company’s stock valued at $261,000 after purchasing an additional 192 shares during the period. Finally, AlphaMark Advisors LLC boosted its stake in shares of SS&C Technologies by 2.1% during the fourth quarter. AlphaMark Advisors LLC now owns 9,240 shares of the technology company’s stock valued at $565,000 after purchasing an additional 194 shares during the period. 96.95% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other SS&C Technologies news, Director Michael Jay Zamkow sold 7,500 shares of the business’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 completion of the transaction, the director now directly owns 41,576 shares in the company, valued at $2,513,684.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders sold 32,500 shares of company stock worth $2,027,750. 15.40% of the stock is owned by corporate insiders.

SS&C Technologies Stock Performance

SSNC stock opened at $62.25 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. The business has a 50-day moving average price of $61.89 and a 200 day moving average price of $61.76. The company has a market capitalization of $15.40 billion, a P/E ratio of 24.80 and a beta of 1.37. SS&C Technologies Holdings, Inc. has a 1-year low of $46.61 and a 1-year high of $65.86.

SS&C Technologies (NASDAQ:SSNC) last released 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 firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. SS&C Technologies had a return on equity of 17.10% and a net margin of 11.46%. As a group, equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a $0.24 dividend. The ex-dividend date was Monday, June 3rd. This represents a $0.96 dividend on an annualized basis and a yield of 1.54%. SS&C Technologies’s dividend payout ratio is presently 38.25%.

Analyst Upgrades and Downgrades

SSNC has been the subject of a number of recent analyst reports. Needham & Company LLC boosted their target price on shares of SS&C Technologies from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, April 26th. DA Davidson reissued a “buy” rating and set a $78.00 target price on shares of SS&C Technologies in a research note on Tuesday, April 16th. Finally, Jefferies Financial Group boosted their target price on shares of SS&C Technologies from $54.00 to $61.00 and gave the company a “hold” rating in a research note on Monday, April 29th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.20.

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.