Capital Investment Services of America Inc. Has $24.28 Million Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Capital Investment Services of America Inc. boosted its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 290,689 shares of the technology company’s stock after purchasing an additional 167 shares during the quarter. SS&C Technologies accounts for about 2.5% of Capital Investment Services of America Inc.’s investment portfolio, making the stock its 21st biggest holding. Capital Investment Services of America Inc. owned about 0.12% of SS&C Technologies worth $24,281,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its holdings in SS&C Technologies by 47.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 36,933 shares of the technology company’s stock valued at $3,085,000 after purchasing an additional 11,863 shares during the period. NorthCrest Asset Manangement LLC grew its holdings in SS&C Technologies by 35.1% during the first quarter. NorthCrest Asset Manangement LLC now owns 8,788 shares of the technology company’s stock valued at $734,000 after purchasing an additional 2,285 shares during the period. Fort Washington Investment Advisors Inc. OH grew its holdings in SS&C Technologies by 9.8% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 1,705,337 shares of the technology company’s stock valued at $142,447,000 after purchasing an additional 151,708 shares during the period. USA Financial Formulas acquired a new position in SS&C Technologies during the first quarter valued at approximately $294,000. Finally, Alhambra Investment Management LLC grew its holdings in SS&C Technologies by 4.4% during the first quarter. Alhambra Investment Management LLC now owns 5,016 shares of the technology company’s stock valued at $419,000 after purchasing an additional 210 shares during the period. Institutional investors and hedge funds own 96.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SSNC. Needham & Company LLC cut their price target on shares of SS&C Technologies from $105.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $86.00 price target (down previously from $90.00) on shares of SS&C Technologies in a research note on Friday, April 25th. Raymond James cut their price target on shares of SS&C Technologies from $95.00 to $90.00 and set a “strong-buy” rating on the stock in a research note 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 note on Friday, May 16th. Finally, DA Davidson cut their price target 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. One investment analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target 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 shares were 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 approximately $997,081.92. The trade was a 50.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan E. Michael bought 2,700 shares of the stock in a transaction that occurred 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 acquisition, the director now owns 72,776 shares of the company’s stock, valued at $5,496,771.28. The trade was a 3.85% increase in their position. The disclosure for this purchase can be found here. 16.40% of the stock is owned by corporate insiders.

SS&C Technologies Stock Performance

Shares of SSNC stock opened at $79.16 on Friday. The company’s fifty day simple moving average is $78.12 and its 200-day simple moving average is $79.76. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The firm has a market cap of $19.53 billion, a PE ratio of 26.39 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a 12 month low of $60.18 and a 12 month 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 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.03. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.28 earnings per share. Equities research analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.26%. SS&C Technologies’s payout ratio is 31.06%.

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.