Versant Capital Management Inc Buys 693 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Versant Capital Management Inc increased its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 6,300.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 704 shares of the technology company’s stock after acquiring an additional 693 shares during the quarter. Versant Capital Management Inc’s holdings in SS&C Technologies were worth $44,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. DNB Asset Management AS boosted its position in shares of SS&C Technologies by 25.4% during the second quarter. DNB Asset Management AS now owns 47,042 shares of the technology company’s stock worth $2,948,000 after acquiring an additional 9,523 shares during the last quarter. Davis Capital Management bought a new position in shares of SS&C Technologies during the second quarter worth $317,000. DekaBank Deutsche Girozentrale lifted its position in SS&C Technologies by 1.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 58,465 shares of the technology company’s stock valued at $3,758,000 after purchasing an additional 551 shares during the last quarter. Cetera Advisors LLC bought a new position in SS&C Technologies during the first quarter valued at $343,000. Finally, PGGM Investments lifted its position in SS&C Technologies by 3.1% during the first quarter. PGGM Investments now owns 44,694 shares of the technology company’s stock valued at $2,877,000 after purchasing an additional 1,336 shares during the last quarter. Institutional investors own 96.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on SSNC shares. Royal Bank of Canada increased their price objective on shares of SS&C Technologies from $72.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Jefferies Financial Group raised their price target on shares of SS&C Technologies from $54.00 to $61.00 and gave the stock a “hold” rating in a research note on Monday, April 29th. DA Davidson raised their price target on shares of SS&C Technologies from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Finally, Needham & Company LLC raised their price target on shares of SS&C Technologies from $74.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, SS&C Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $70.75.

SS&C Technologies Stock Up 0.1 %

Shares of NASDAQ:SSNC traded up $0.07 during trading on Tuesday, reaching $69.33. The stock had a trading volume of 1,291,734 shares, compared to its average volume of 991,628. SS&C Technologies Holdings, Inc. has a one year low of $46.61 and a one year high of $73.97. The company has a market capitalization of $17.15 billion, a P/E ratio of 27.62 and a beta of 1.38. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. The firm’s 50-day simple moving average is $64.60 and its 200 day simple moving average is $63.21.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, July 25th. The technology company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.07. SS&C Technologies had a net margin of 12.33% and a return on equity of 17.52%. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period last year, the business earned $0.96 EPS. The company’s revenue was up 6.5% compared to the same quarter last year. As a group, research analysts expect that SS&C Technologies Holdings, Inc. will post 4.66 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Monday, June 3rd. SS&C Technologies’s dividend payout ratio (DPR) is presently 38.25%.

Insider Buying and Selling

In related news, Director Michael Jay Zamkow sold 7,500 shares of SS&C Technologies stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $60.46, for a total value of $453,450.00. Following the completion of the sale, the director now directly owns 41,576 shares in the company, valued at approximately $2,513,684.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 32,500 shares of company stock worth $2,027,750 in the last three months. Corporate insiders own 15.40% of the company’s stock.

SS&C Technologies Profile

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.