Point72 Asia Singapore Pte. Ltd. Boosts Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Point72 Asia Singapore Pte. Ltd. increased its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 444.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,196 shares of the technology company’s stock after acquiring an additional 3,425 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in SS&C Technologies were worth $311,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SSNC. Assenagon Asset Management S.A. grew its position in shares of SS&C Technologies by 2,178.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 104,797 shares of the technology company’s stock valued at $6,568,000 after purchasing an additional 100,197 shares in the last quarter. National Pension Service grew its position in SS&C Technologies by 5.4% during the third quarter. National Pension Service now owns 530,166 shares of the technology company’s stock worth $39,344,000 after buying an additional 27,336 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in SS&C Technologies in the 2nd quarter worth about $1,661,000. Jackson Square Capital LLC bought a new position in shares of SS&C Technologies in the third quarter worth approximately $1,612,000. Finally, Burgundy Asset Management Ltd. increased its holdings in shares of SS&C Technologies by 4.3% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 4,942,374 shares of the technology company’s stock worth $309,739,000 after buying an additional 201,632 shares during the last quarter. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada upped their price objective on shares of SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. DA Davidson reaffirmed a “buy” rating and issued a $92.00 price target on shares of SS&C Technologies in a research note on Thursday, October 10th. StockNews.com cut shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. Raymond James increased their target price on shares of SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. Finally, Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of SS&C Technologies in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $77.75.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, SVP Jason Douglas White sold 69,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total value of $5,317,830.00. Following the completion of the sale, the senior vice president now owns 6,412 shares in the company, valued at approximately $494,172.84. This represents a 91.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Normand A. Boulanger sold 130,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $75.38, for a total value of $9,799,400.00. Following the completion of the transaction, the director now owns 333,576 shares in the company, valued at $25,144,958.88. The trade was a 28.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 218,000 shares of company stock valued at $16,560,660 over the last quarter. 15.40% of the stock is currently owned by company insiders.

SS&C Technologies Trading Down 0.4 %

SS&C Technologies stock opened at $76.70 on Wednesday. The business’s fifty day moving average is $74.33 and its 200 day moving average is $70.10. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $19.00 billion, a PE ratio of 27.49 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a one year low of $56.10 and a one year high of $77.69.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.03. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.33%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.04 EPS. On average, sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current year.

SS&C Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Monday, December 2nd. SS&C Technologies’s dividend payout ratio is presently 35.84%.

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.