SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. lifted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 250.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 593,700 shares of the technology company’s stock after purchasing an additional 424,487 shares during the quarter. Point72 Asset Management L.P. owned about 0.24% of SS&C Technologies worth $44,058,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. lifted its position in shares of SS&C Technologies by 2,178.2% during the second quarter. Assenagon Asset Management S.A. now owns 104,797 shares of the technology company’s stock worth $6,568,000 after purchasing an additional 100,197 shares in the last quarter. National Pension Service lifted its position in shares of SS&C Technologies by 5.4% during the third quarter. National Pension Service now owns 530,166 shares of the technology company’s stock worth $39,344,000 after purchasing an additional 27,336 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of SS&C Technologies during the second quarter worth about $1,661,000. Jackson Square Capital LLC purchased a new stake in shares of SS&C Technologies during the third quarter worth approximately $1,612,000. Finally, Burgundy Asset Management Ltd. increased its stake in shares of SS&C Technologies by 4.3% during the second quarter. Burgundy Asset Management Ltd. now owns 4,942,374 shares of the technology company’s stock worth $309,739,000 after buying an additional 201,632 shares during the period. Institutional investors and hedge funds own 96.95% of the company’s stock.

Insider Buying and Selling

In related news, SVP Jason Douglas White sold 69,000 shares of the stock in a transaction on 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 completion of the sale, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at $494,172.84. This trade represents a 91.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 value of $1,443,430.00. Following the sale, the director now directly owns 22,576 shares of the company’s stock, valued at approximately $1,715,098.72. This represents a 45.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 218,000 shares of company stock valued at $16,560,660 over the last three months. 15.40% of the stock is currently owned by company insiders.

SS&C Technologies Stock Performance

Shares of SSNC opened at $76.91 on Thursday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The firm has a market cap of $19.05 billion, a PE ratio of 27.57 and a beta of 1.38. The company’s 50 day simple moving average is $74.39 and its 200-day simple moving average is $70.15. SS&C Technologies Holdings, Inc. has a 12-month low of $56.10 and a 12-month high of $77.69.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share (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 revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the firm posted $1.04 earnings per share. As a group, equities analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current year.

SS&C Technologies Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Needham & Company LLC restated 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 note on Friday, November 15th. Royal Bank of Canada upped their target price on shares of SS&C Technologies from $75.00 to $86.00 and gave the stock an “outperform” rating in a research note on Thursday, September 19th. DA Davidson restated a “buy” rating and set a $92.00 target price on shares of SS&C Technologies in a research note on Thursday, October 10th. Finally, Raymond James increased 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 research note on Friday, October 25th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently 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.