Point72 DIFC Ltd Acquires Shares of 29,907 SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Point72 DIFC Ltd bought a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 29,907 shares of the technology company's stock, valued at approximately $2,219,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Innealta Capital LLC purchased a new position in shares of SS&C Technologies during the second quarter worth $26,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of SS&C Technologies during the second quarter worth $35,000. Benjamin Edwards Inc. boosted its position in shares of SS&C Technologies by 43.3% during the second quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company's stock worth $42,000 after buying an additional 204 shares during the period. 1620 Investment Advisors Inc. purchased a new position in shares of SS&C Technologies during the second quarter worth $47,000. Finally, Capital Performance Advisors LLP purchased a new position in SS&C Technologies in the third quarter valued at $68,000. Institutional investors and hedge funds own 96.95% of the company's stock.

Insider Activity at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 19,000 shares of the business's stock in a transaction dated 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 transaction, the director now owns 22,576 shares in the company, valued at $1,715,098.72. The trade was a 45.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Normand A. Boulanger sold 130,000 shares of the business's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $75.38, for a total value of $9,799,400.00. Following the completion of the transaction, the director now owns 333,576 shares in the company, valued at $25,144,958.88. This trade represents a 28.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 218,000 shares of company stock worth $16,560,660 in the last quarter. Company insiders own 15.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. StockNews.com lowered SS&C Technologies from a "strong-buy" rating to a "buy" rating in a report on Friday, November 15th. DA Davidson reiterated a "buy" rating and issued a $92.00 target price on shares of SS&C Technologies in a report on Thursday, October 10th. Raymond James lifted 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. Royal Bank of Canada lifted their target price on SS&C Technologies from $75.00 to $86.00 and gave the company an "outperform" rating in a report on Thursday, September 19th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $90.00 target price on shares of SS&C Technologies in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, SS&C Technologies has a consensus rating of "Moderate Buy" and an average price target of $77.75.

SS&C Technologies Stock Performance

Shares of SSNC traded down $0.44 during midday trading on Thursday, reaching $76.47. 974,947 shares of the stock were exchanged, compared to its average volume of 1,088,892. The business's 50-day moving average price is $74.43 and its 200 day moving average price is $70.19. 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 Holdings, Inc. has a twelve month low of $56.62 and a twelve month high of $77.69. The company has a market capitalization of $18.94 billion, a price-to-earnings ratio of 27.41 and a beta of 1.38.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its earnings results on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter in the previous year, the firm earned $1.04 earnings per share. The business's revenue was up 7.3% compared to the same quarter last year. On average, sell-side analysts expect that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Monday, December 2nd. SS&C Technologies's dividend payout ratio (DPR) is currently 35.84%.

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.