SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Acquired by Benjamin Edwards Inc.

Benjamin Edwards Inc. lifted its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 8,607.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,776 shares of the technology company's stock after acquiring an additional 58,101 shares during the quarter. Benjamin Edwards Inc.'s holdings in SS&C Technologies were worth $4,362,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Janney Montgomery Scott LLC boosted its position in SS&C Technologies by 0.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 46,282 shares of the technology company's stock valued at $3,435,000 after buying an additional 196 shares during the period. Tectonic Advisors LLC boosted its position in SS&C Technologies by 2.9% in the 3rd quarter. Tectonic Advisors LLC now owns 7,064 shares of the technology company's stock valued at $524,000 after buying an additional 198 shares during the period. Summit Trail Advisors LLC boosted its position in SS&C Technologies by 2.9% in the 2nd quarter. Summit Trail Advisors LLC now owns 7,112 shares of the technology company's stock valued at $446,000 after buying an additional 203 shares during the period. Wedge Capital Management L L P NC lifted its position in shares of SS&C Technologies by 0.4% during the 3rd quarter. Wedge Capital Management L L P NC now owns 51,497 shares of the technology company's stock worth $3,822,000 after purchasing an additional 206 shares during the last quarter. Finally, Covestor Ltd lifted its position in shares of SS&C Technologies by 10.3% during the 3rd quarter. Covestor Ltd now owns 2,262 shares of the technology company's stock worth $168,000 after purchasing an additional 212 shares during the last quarter. 96.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 19,000 shares of the company's stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $75.97, for a total transaction of $1,443,430.00. Following the completion of the transaction, the director now 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jason Douglas White sold 69,000 shares of the company's stock in a transaction that occurred 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold 218,000 shares of company stock valued at $16,560,660 over the last quarter. Corporate insiders own 15.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SSNC shares. Raymond James lifted their price objective on shares of SS&C Technologies from $79.00 to $85.00 and gave the stock a "strong-buy" rating in a research report on Friday, October 25th. DA Davidson reiterated a "buy" rating and set a $92.00 price target on shares of SS&C Technologies in a research note on Thursday, October 10th. 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 lifted 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, Needham & Company LLC reiterated a "buy" rating and set a $90.00 price target on shares of SS&C Technologies in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, SS&C Technologies has an average rating of "Moderate Buy" and a consensus price target of $77.75.

SS&C Technologies Price Performance

SSNC stock traded up $0.21 during trading on Wednesday, reaching $76.91. 1,012,507 shares of the company were exchanged, compared to its average volume of 1,089,379. The company has a market cap of $19.05 billion, a P/E ratio of 27.49 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a 52-week low of $56.10 and a 52-week high of $77.69. The stock's 50 day moving average price is $74.33 and its 200 day moving average price is $70.10. 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 (NASDAQ:SSNC - Get Free Report) last announced its quarterly 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. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.33%. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the firm earned $1.04 earnings per share. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, 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. Shareholders of record on Monday, December 2nd will be issued a $0.25 dividend. 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 (DPR) is presently 35.84%.

SS&C Technologies 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.