73,602 Shares in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Acquired by Benson Investment Management Company Inc.

Benson Investment Management Company Inc. acquired a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 73,602 shares of the technology company's stock, valued at approximately $5,578,000. SS&C Technologies comprises approximately 2.3% of Benson Investment Management Company Inc.'s portfolio, making the stock its 14th biggest holding.

A number of other hedge funds also recently made changes to their positions in SSNC. Janus Henderson Group PLC increased its holdings in SS&C Technologies by 5.4% in the third quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company's stock worth $1,191,774,000 after purchasing an additional 817,501 shares in the last quarter. State Street Corp increased its holdings in SS&C Technologies by 2.2% in the third quarter. State Street Corp now owns 5,624,174 shares of the technology company's stock worth $417,370,000 after purchasing an additional 121,223 shares in the last quarter. Burgundy Asset Management Ltd. increased its holdings 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 valued at $309,739,000 after acquiring an additional 201,632 shares in the last quarter. FMR LLC increased its holdings in shares of SS&C Technologies by 1.5% during the third quarter. FMR LLC now owns 3,984,057 shares of the technology company's stock valued at $295,657,000 after acquiring an additional 58,389 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of SS&C Technologies by 1.8% during the third quarter. Geode Capital Management LLC now owns 3,621,022 shares of the technology company's stock valued at $268,075,000 after acquiring an additional 64,299 shares in the last quarter. 96.95% of the stock is currently owned by institutional investors.

SS&C Technologies Stock Performance

Shares of SSNC stock traded up $1.59 on Tuesday, hitting $77.12. 1,345,723 shares of the stock were exchanged, compared to its average volume of 1,132,715. 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 capitalization of $19.10 billion, a PE ratio of 27.64 and a beta of 1.37. SS&C Technologies Holdings, Inc. has a one year low of $59.18 and a one year high of $77.69. The firm's 50 day moving average is $75.62 and its two-hundred day moving average is $72.97.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.03. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. The firm's quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.04 EPS. Sell-side analysts expect that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.30%. SS&C Technologies's payout ratio is currently 35.84%.

Wall Street Analyst Weigh In

Several research firms have recently commented on SSNC. DA Davidson restated a "buy" rating and set a $92.00 price objective on shares of SS&C Technologies in a report on Thursday, October 10th. Royal Bank of Canada boosted their price objective on SS&C Technologies from $75.00 to $86.00 and gave the company an "outperform" rating in a report on Thursday, September 19th. StockNews.com downgraded SS&C Technologies from a "strong-buy" rating to a "buy" rating in a report on Friday, November 15th. Raymond James boosted their price objective 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. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 target price on shares of SS&C Technologies in a research report on Friday, October 25th. Two investment 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $77.75.

Insider Buying and Selling at SS&C Technologies

In other SS&C Technologies news, SVP Jason Douglas White sold 69,000 shares of the firm's stock in a transaction dated 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 sale, the senior vice president now 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO William C. Stone sold 247,300 shares of the firm's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $76.61, for a total value of $18,945,653.00. Following the completion of the sale, the chief executive officer now directly owns 31,837,926 shares in the company, valued at approximately $2,439,103,510.86. The trade was a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 449,000 shares of company stock valued at $34,461,478 in the last 90 days. Corporate insiders own 15.40% of the company's stock.

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.