Bryn Mawr Capital Management LLC Grows Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Bryn Mawr Capital Management LLC grew its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.6% in the first quarter, HoldingsChannel reports. The institutional investor owned 130,885 shares of the technology company’s stock after purchasing an additional 796 shares during the period. Bryn Mawr Capital Management LLC’s holdings in SS&C Technologies were worth $10,933,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Unigestion Holding SA boosted its stake in shares of SS&C Technologies by 861.7% during the first quarter. Unigestion Holding SA now owns 95,341 shares of the technology company’s stock valued at $7,964,000 after acquiring an additional 85,427 shares during the last quarter. Ritholtz Wealth Management acquired a new stake in shares of SS&C Technologies during the first quarter valued at $509,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of SS&C Technologies by 403.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,865 shares of the technology company’s stock valued at $6,337,000 after acquiring an additional 60,784 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of SS&C Technologies by 6.8% during the first quarter. Bank of New York Mellon Corp now owns 1,191,017 shares of the technology company’s stock valued at $99,486,000 after acquiring an additional 75,807 shares during the last quarter. Finally, Boston Partners boosted its stake in SS&C Technologies by 283.1% in the 4th quarter. Boston Partners now owns 5,279,386 shares of the technology company’s stock worth $400,161,000 after buying an additional 3,901,227 shares during the last quarter. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Insider Transactions at SS&C Technologies

In other news, Director Jonathan E. Michael bought 2,700 shares of the stock in a transaction on Thursday, May 1st. The shares were purchased 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 directly owned 72,776 shares of the company’s stock, valued at $5,496,771.28. This trade represents a 3.85% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael Jay Zamkow sold 12,500 shares of the company’s 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 owned 12,476 shares of the company’s stock, valued at approximately $997,081.92. This trade represents a 50.05% decrease in their position. The disclosure for this sale can be found here. Insiders own 16.40% of the company’s stock.

SS&C Technologies Trading Up 1.5%

Shares of SS&C Technologies stock opened at $83.77 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.00. The firm has a market cap of $20.66 billion, a price-to-earnings ratio of 26.12 and a beta of 1.23. The business has a fifty day simple moving average of $80.56 and a 200-day simple moving average of $80.57. SS&C Technologies Holdings, Inc. has a fifty-two week low of $65.00 and a fifty-two week high of $89.73.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, April 24th. The technology company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.03. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. SS&C Technologies had a return on equity of 18.68% and a net margin of 13.69%. The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.28 earnings per share. On average, equities analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.19%. The ex-dividend date was Monday, June 2nd. SS&C Technologies’s payout ratio is 31.06%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on SSNC shares. Wall Street Zen raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 16th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $86.00 price objective (down from $90.00) on shares of SS&C Technologies in a report on Friday, April 25th. Raymond James Financial dropped their target price 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. DA Davidson boosted their price target on SS&C Technologies from $94.00 to $98.00 and gave the company a “buy” rating in a report on Monday. Finally, Needham & Company LLC lowered their price target on SS&C Technologies from $105.00 to $90.00 and set a “buy” rating for the company in a report 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 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 $92.43.

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.