Burney Co. Buys 10,374 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Burney Co. boosted its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 197,059 shares of the technology company’s stock after acquiring an additional 10,374 shares during the quarter. Burney Co. owned 0.08% of SS&C Technologies worth $14,933,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new position in shares of SS&C Technologies during the 2nd quarter valued at $811,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of SS&C Technologies during the 2nd quarter valued at about $35,000. Choreo LLC bought a new stake in SS&C Technologies during the 2nd quarter valued at approximately $391,000. American Century Companies Inc. raised its position in shares of SS&C Technologies by 9.9% in the 2nd quarter. American Century Companies Inc. now owns 16,245 shares of the technology company’s stock worth $1,018,000 after acquiring an additional 1,460 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of SS&C Technologies by 1.0% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 59,035 shares of the technology company’s stock valued at $3,670,000 after purchasing an additional 570 shares during the period. Hedge funds and other institutional investors own 96.95% of the company’s stock.

SS&C Technologies Trading Up 1.7 %

Shares of SSNC opened at $78.45 on Wednesday. The firm has a market cap of $19.43 billion, a P/E ratio of 28.12 and a beta of 1.37. SS&C Technologies Holdings, Inc. has a 1 year low of $59.18 and a 1 year high of $78.47. 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 company has a 50 day simple moving average of $75.73 and a two-hundred day simple moving average of $73.07.

SS&C Technologies (NASDAQ:SSNC) last issued 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 for the quarter, compared to analyst estimates of $1.44 billion. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.33%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the company posted $1.04 earnings per share. On average, equities analysts expect that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a $0.25 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.27%. SS&C Technologies’s dividend payout ratio is currently 35.84%.

Insiders Place Their Bets

In other SS&C Technologies news, CEO William C. Stone sold 132,700 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $76.85, for a total transaction of $10,197,995.00. Following the sale, the chief executive officer now directly owns 31,837,926 shares of the company’s stock, valued at approximately $2,446,744,613.10. This trade represents a 0.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the transaction, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at approximately $494,172.84. This trade represents a 91.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 449,000 shares of company stock valued at $34,461,478. 15.40% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SSNC shares. StockNews.com downgraded shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. Royal Bank of Canada lifted their target price on shares of SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. 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 research note on Friday, October 25th. DA Davidson reissued a “buy” rating and issued a $92.00 target price on shares of SS&C Technologies in a research note on Thursday, October 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of SS&C Technologies in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.