Alkeon Capital Management LLC Purchases 198,111 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Alkeon Capital Management LLC increased its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 9.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,316,252 shares of the technology company's stock after buying an additional 198,111 shares during the period. Alkeon Capital Management LLC owned 0.94% of SS&C Technologies worth $171,889,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Innealta Capital LLC acquired a new stake in SS&C Technologies in the second quarter valued at approximately $26,000. Ashton Thomas Private Wealth LLC acquired a new stake in SS&C Technologies in the 2nd quarter valued at $35,000. Benjamin Edwards Inc. increased its stake in SS&C Technologies by 43.3% during the 2nd quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company's stock valued at $42,000 after purchasing an additional 204 shares in the last quarter. Versant Capital Management Inc raised its holdings in SS&C Technologies by 6,300.0% during the second 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. bought a new position in shares of SS&C Technologies in the second quarter valued at $47,000. 96.95% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Stock Performance

Shares of NASDAQ:SSNC traded down $0.02 during mid-day trading on Friday, reaching $77.34. The company had a trading volume of 571,963 shares, compared to its average volume of 1,091,018. SS&C Technologies Holdings, Inc. has a one year low of $55.63 and a one year high of $77.69. 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 company's 50-day moving average price is $74.22 and its 200-day moving average price is $69.73. The firm has a market cap of $19.16 billion, a price-to-earnings ratio of 27.73 and a beta of 1.39.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 17.33% and a net margin of 12.26%. The business's revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.04 earnings per share. As a group, equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend 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 presently 35.84%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on SSNC shares. StockNews.com downgraded shares of SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 15th. DA Davidson restated a "buy" rating and issued a $92.00 target price on shares of SS&C Technologies in a report 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. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 target price on shares of SS&C Technologies in a research note on Friday, October 25th. Finally, Raymond James raised 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 report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, SS&C Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $77.75.

Insider Transactions at SS&C Technologies

In other news, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total value of $5,317,830.00. Following the completion of the transaction, the senior vice president now directly owns 6,412 shares in the company, valued at approximately $494,172.84. The trade was a 91.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 sale, the director now owns 22,576 shares in the company, valued at approximately $1,715,098.72. The trade was a 45.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 218,000 shares of company stock worth $16,560,660 over the last quarter. Corporate insiders own 15.40% of the company's stock.

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.