Executive Wealth Management LLC Purchases Shares of 97,182 SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Executive Wealth Management LLC purchased a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 97,182 shares of the technology company's stock, valued at approximately $7,212,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new position in SS&C Technologies during the second quarter worth $26,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of SS&C Technologies during the 2nd quarter worth about $35,000. Benjamin Edwards Inc. lifted its stake in SS&C Technologies by 43.3% in the 2nd quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company's stock valued at $42,000 after buying an additional 204 shares in the last quarter. Versant Capital Management Inc boosted its holdings in SS&C Technologies by 6,300.0% in the 2nd quarter. Versant Capital Management Inc now owns 704 shares of the technology company's stock worth $44,000 after buying an additional 693 shares during the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new stake in SS&C Technologies during the 2nd quarter worth approximately $47,000. Institutional investors and hedge funds own 96.95% of the company's stock.

Insider Buying and Selling

In related news, Director Smita Conjeevaram sold 48,500 shares of SS&C Technologies stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $70.82, for a total value of $3,434,770.00. Following the completion of the transaction, the director now directly owns 9,576 shares in the company, valued at approximately $678,172.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Smita Conjeevaram sold 48,500 shares of the company's stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $70.82, for a total transaction of $3,434,770.00. Following the sale, the director now directly owns 9,576 shares in the company, valued at approximately $678,172.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Rahul Kanwar sold 412,190 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $73.13, for a total transaction of $30,143,454.70. Following the completion of the sale, the chief operating officer now directly owns 57,642 shares in the company, valued at approximately $4,215,359.46. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 609,690 shares of company stock valued at $44,821,055 in the last ninety days. Company insiders own 15.40% of the company's stock.

SS&C Technologies Trading Up 0.3 %

Shares of SS&C Technologies stock traded up $0.19 during trading hours on Friday, hitting $74.78. The company's stock had a trading volume of 1,337,202 shares, compared to its average volume of 1,065,341. The stock has a market cap of $18.52 billion, a price-to-earnings ratio of 26.80 and a beta of 1.39. 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 twelve month low of $51.92 and a twelve month high of $77.02. The firm has a fifty day moving average of $73.96 and a 200-day moving average of $68.51.

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

SS&C Technologies declared that its board has approved a stock repurchase plan on Thursday, July 25th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to buy up to 5.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

SS&C Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.34%. This is a boost from SS&C Technologies's previous quarterly dividend of $0.24. SS&C Technologies's payout ratio is 35.84%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SSNC shares. StockNews.com upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Tuesday. Needham & Company LLC restated a "buy" rating and issued a $90.00 price objective on shares of SS&C Technologies in a report on Friday, October 25th. Raymond James upped their target price on shares of SS&C Technologies from $79.00 to $85.00 and gave the stock a "strong-buy" rating in a report on Friday, October 25th. Royal Bank of Canada raised their price target 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. Finally, DA Davidson reaffirmed a "buy" rating and set a $92.00 price objective on shares of SS&C Technologies in a research note on Thursday, October 10th. Two analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $77.75.

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.