Point72 Hong Kong Ltd Invests $4.08 Million in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Point72 Hong Kong Ltd bought a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 54,922 shares of the technology company’s stock, valued at approximately $4,076,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SSNC. Millennium Management LLC boosted its position in shares of SS&C Technologies by 49.2% in the second quarter. Millennium Management LLC now owns 3,399,874 shares of the technology company’s stock valued at $213,070,000 after acquiring an additional 1,120,961 shares during the period. AQR Capital Management LLC increased its holdings in shares of SS&C Technologies by 82.1% during the 2nd quarter. AQR Capital Management LLC now owns 1,267,057 shares of the technology company’s stock worth $78,900,000 after purchasing an additional 571,334 shares during the period. Dimensional Fund Advisors LP raised its position in shares of SS&C Technologies by 14.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,696,702 shares of the technology company’s stock valued at $168,995,000 after buying an additional 349,911 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of SS&C Technologies by 29.7% in the second quarter. Victory Capital Management Inc. now owns 1,269,116 shares of the technology company’s stock valued at $79,536,000 after buying an additional 290,496 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of SS&C Technologies by 44.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 897,198 shares of the technology company’s stock valued at $66,581,000 after buying an additional 275,186 shares during the period. Institutional investors and hedge funds own 96.95% of the company’s stock.

SS&C Technologies Stock Down 0.0 %

Shares of NASDAQ:SSNC opened at $77.34 on Friday. The company’s fifty day moving average is $74.26 and its 200-day moving average is $69.82. 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 Holdings, Inc. has a 52 week low of $55.63 and a 52 week high of $77.69. The company has a market capitalization of $19.16 billion, a PE ratio of 27.72 and a beta of 1.39.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.03. The firm 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 revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.04 earnings per share. Equities research analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.29%. SS&C Technologies’s dividend payout ratio is 35.84%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of SS&C Technologies in a research note on Friday, October 25th. DA Davidson restated a “buy” rating and set a $92.00 price objective on shares of SS&C Technologies in a research report on Thursday, October 10th. StockNews.com downgraded shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Raymond James boosted their price target on shares of SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. Finally, Royal Bank of Canada increased their price objective 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 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 company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $77.75.

Insider Activity at SS&C Technologies

In other news, Director Normand A. Boulanger sold 130,000 shares of the firm’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 completion of the sale, the director now directly owns 333,576 shares in the company, valued at approximately $25,144,958.88. This trade represents a 28.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Jason Douglas White sold 69,000 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was 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 owns 6,412 shares in the company, valued at approximately $494,172.84. This trade represents a 91.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 218,000 shares of company stock valued at $16,560,660 in the last three months. Corporate insiders own 15.40% of the company’s stock.

SS&C Technologies Company 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.