BNP Paribas Financial Markets Has $9.40 Million Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

BNP Paribas Financial Markets lifted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 79.3% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 126,667 shares of the technology company's stock after acquiring an additional 56,011 shares during the period. BNP Paribas Financial Markets owned 0.05% of SS&C Technologies worth $9,400,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Comerica Bank grew its position in shares of SS&C Technologies by 24.0% in the first quarter. Comerica Bank now owns 50,531 shares of the technology company's stock valued at $3,253,000 after purchasing an additional 9,764 shares during the last quarter. Cetera Advisors LLC bought a new position in shares of SS&C Technologies during the 1st quarter worth about $343,000. DekaBank Deutsche Girozentrale increased its holdings in shares of SS&C Technologies by 1.0% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 58,465 shares of the technology company's stock worth $3,758,000 after purchasing an additional 551 shares during the period. DNB Asset Management AS lifted its stake in shares of SS&C Technologies by 25.4% in the second quarter. DNB Asset Management AS now owns 47,042 shares of the technology company's stock valued at $2,948,000 after buying an additional 9,523 shares during the period. Finally, Hilltop National Bank increased its stake in SS&C Technologies by 18.1% during the second quarter. Hilltop National Bank now owns 1,976 shares of the technology company's stock valued at $124,000 after acquiring an additional 303 shares during the period. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, Director Michael Jay Zamkow sold 19,000 shares of the company's stock in a transaction that occurred on Friday, September 20th. The stock was 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 $1,715,098.72. This represents a 45.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jason Douglas White sold 69,000 shares of the business's stock in a transaction 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 completion of the sale, the senior vice president now directly owns 6,412 shares in the company, valued at approximately $494,172.84. This represents a 91.50 % decrease in their position. The disclosure for this sale can be found here. Insiders 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.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SSNC shares. DA Davidson restated a "buy" rating and issued a $92.00 price objective on shares of SS&C Technologies in a research note on Thursday, October 10th. StockNews.com cut SS&C Technologies from a "strong-buy" rating to a "buy" rating in a report on Friday, November 15th. Raymond James boosted 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 research note on Friday, October 25th. Needham & Company LLC reissued a "buy" rating and issued a $90.00 price target on shares of SS&C Technologies in a report on Friday, October 25th. Finally, Royal Bank of Canada upped their price objective on SS&C Technologies from $75.00 to $86.00 and gave the stock an "outperform" rating in a report on Thursday, September 19th. 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.com, the company has an average rating of "Moderate Buy" and an average price target of $77.75.

SS&C Technologies Trading Up 0.1 %

NASDAQ SSNC traded up $0.06 during trading on Tuesday, reaching $77.04. 512,749 shares of the stock traded hands, compared to its average volume of 1,088,088. The stock's 50-day moving average price is $74.29 and its 200 day moving average price is $70.01. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The firm has a market cap of $19.08 billion, a price-to-earnings ratio of 27.59 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a fifty-two week low of $56.10 and a fifty-two week high of $77.69.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its 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 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 company's revenue for the quarter 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. Analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current year.

SS&C Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 of this dividend is Monday, December 2nd. SS&C Technologies's dividend payout ratio (DPR) is presently 35.84%.

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.