Qsemble Capital Management LP Buys 33,362 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Qsemble Capital Management LP grew its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 966.5% during the third quarter, Holdings Channel reports. The firm owned 36,814 shares of the technology company’s stock after purchasing an additional 33,362 shares during the period. Qsemble Capital Management LP’s holdings in SS&C Technologies were worth $2,732,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of SSNC. Bank of Montreal Can lifted its stake in SS&C Technologies by 0.7% during the 3rd quarter. Bank of Montreal Can now owns 111,497 shares of the technology company’s stock valued at $8,242,000 after acquiring an additional 782 shares in the last quarter. Loomis Sayles & Co. L P bought a new position in shares of SS&C Technologies during the third quarter valued at about $12,422,000. Boston Family Office LLC purchased a new position in SS&C Technologies during the third quarter worth about $211,000. Dynamic Technology Lab Private Ltd bought a new stake in SS&C Technologies in the 3rd quarter worth about $1,806,000. Finally, Fisher Asset Management LLC increased its stake in SS&C Technologies by 27.6% in the 3rd quarter. Fisher Asset Management LLC now owns 75,725 shares of the technology company’s stock valued at $5,620,000 after buying an additional 16,374 shares during the last quarter. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Insider Buying and Selling

In other SS&C Technologies news, Director Normand A. Boulanger sold 130,000 shares of SS&C Technologies stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $75.38, for a total transaction of $9,799,400.00. Following the completion of the sale, the director now directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael Jay Zamkow sold 19,000 shares of the 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 transaction, the director now directly owns 22,576 shares in the company, valued at $1,715,098.72. The trade was a 45.70 % decrease in their position. The disclosure for this sale can be found here. 15.40% of the stock is currently owned by insiders.

SS&C Technologies Trading Up 1.0 %

Shares of SSNC stock opened at $76.87 on Tuesday. The stock has a market capitalization of $19.04 billion, a price-to-earnings ratio of 27.55 and a beta of 1.39. The company’s fifty day simple moving average is $74.11 and its two-hundred day simple moving average is $69.42. SS&C Technologies Holdings, Inc. has a 1 year low of $55.45 and a 1 year high of $77.50. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21.

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

SS&C Technologies Dividend Announcement

The company 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 dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 1.30%. SS&C Technologies’s dividend payout ratio is currently 35.84%.

Wall Street Analyst Weigh In

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

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.