SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Stock Position Raised by Summit Trail Advisors LLC

Summit Trail Advisors LLC raised its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 5.1% in the third quarter, Holdings Channel reports. The firm owned 7,474 shares of the technology company’s stock after buying an additional 362 shares during the period. Summit Trail Advisors LLC’s holdings in SS&C Technologies were worth $555,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Swedbank AB raised its stake in shares of SS&C Technologies by 1.2% in the 3rd quarter. Swedbank AB now owns 1,491,961 shares of the technology company’s stock valued at $110,718,000 after acquiring an additional 16,971 shares in the last quarter. Cerity Partners LLC raised its stake in shares of SS&C Technologies by 148.3% in the 3rd quarter. Cerity Partners LLC now owns 63,973 shares of the technology company’s stock valued at $4,747,000 after acquiring an additional 38,211 shares in the last quarter. Raymond James Trust N.A. raised its stake in shares of SS&C Technologies by 2.5% in the 3rd quarter. Raymond James Trust N.A. now owns 21,683 shares of the technology company’s stock valued at $1,609,000 after acquiring an additional 538 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of SS&C Technologies by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 795,012 shares of the technology company’s stock valued at $58,998,000 after acquiring an additional 3,881 shares in the last quarter. Finally, Integrated Investment Consultants LLC raised its stake in shares of SS&C Technologies by 2.1% in the 3rd quarter. Integrated Investment Consultants LLC now owns 20,320 shares of the technology company’s stock valued at $1,508,000 after acquiring an additional 419 shares in the last quarter. 96.95% of the stock is owned by hedge funds and other institutional investors.

SS&C Technologies Price Performance

Shares of NASDAQ:SSNC opened at $77.10 on Wednesday. SS&C Technologies Holdings, Inc. has a 1-year low of $55.45 and a 1-year high of $77.50. The firm has a market capitalization of $19.10 billion, a PE ratio of 27.63 and a beta of 1.39. The business’s 50 day moving average is $74.13 and its 200-day moving average is $69.52. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04.

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

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued 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 payout ratio is presently 35.84%.

Analysts Set New Price Targets

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

Insider Transactions at SS&C Technologies

In related news, Director Normand A. Boulanger sold 130,000 shares of the business’s stock in a transaction on 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 sale, the director now owns 333,576 shares of the company’s stock, valued at $25,144,958.88. The trade was a 28.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Jay Zamkow sold 19,000 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $75.97, for a total value of $1,443,430.00. Following the completion of the sale, the director now directly owns 22,576 shares in the company, valued at approximately $1,715,098.72. This represents a 45.70 % decrease in their position. The disclosure for this sale can be found here. 15.40% of the stock is owned by insiders.

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.