Quarry LP Purchases 2,643 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Quarry LP grew its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 6,292.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,685 shares of the technology company’s stock after purchasing an additional 2,643 shares during the quarter. Quarry LP’s holdings in SS&C Technologies were worth $199,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Point72 DIFC Ltd purchased a new position in shares of SS&C Technologies during the third quarter valued at approximately $2,219,000. Point72 Asset Management L.P. boosted its holdings in shares of SS&C Technologies by 250.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 593,700 shares of the technology company’s stock worth $44,058,000 after purchasing an additional 424,487 shares during the period. Prana Capital Management LP boosted its holdings in shares of SS&C Technologies by 105.3% in the 3rd quarter. Prana Capital Management LP now owns 107,416 shares of the technology company’s stock worth $7,971,000 after purchasing an additional 55,106 shares during the period. Investment Management Corp of Ontario boosted its holdings in SS&C Technologies by 48.2% during the 3rd quarter. Investment Management Corp of Ontario now owns 7,375 shares of the technology company’s stock valued at $547,000 after acquiring an additional 2,400 shares during the period. Finally, Janus Henderson Group PLC raised its position in SS&C Technologies by 5.4% during the 3rd quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company’s stock valued at $1,191,774,000 after purchasing an additional 817,501 shares in the last quarter. 96.95% of the stock is currently owned by institutional investors.

SS&C Technologies Stock Performance

Shares of SS&C Technologies stock opened at $76.47 on Friday. The firm has a market cap of $18.94 billion, a PE ratio of 27.41 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a 1 year low of $56.62 and a 1 year high of $77.69. The firm’s 50-day simple moving average is $74.43 and its 200-day simple moving average is $70.19. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Thursday, October 24th. The technology company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.03. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.44 billion. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.33%. The business’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm posted $1.04 earnings per share. Equities analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Monday, December 2nd. SS&C Technologies’s payout ratio is 35.84%.

Insider Activity at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 19,000 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $75.97, for a total transaction of $1,443,430.00. Following the completion of the sale, the director now owns 22,576 shares in the company, valued at $1,715,098.72. The trade was a 45.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Normand A. Boulanger sold 130,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $75.38, for a total value of $9,799,400.00. Following the transaction, the director now directly owns 333,576 shares of the company’s stock, valued at $25,144,958.88. This represents a 28.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 218,000 shares of company stock valued at $16,560,660. Corporate insiders own 15.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. StockNews.com lowered SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. Raymond James upped their price target on SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. DA Davidson reissued a “buy” rating and set a $92.00 target price on shares of SS&C Technologies in a report on Thursday, October 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of SS&C Technologies in a report on Friday, October 25th. Finally, Royal Bank of Canada increased their price objective on SS&C Technologies from $75.00 to $86.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. Two investment 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $77.75.

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.