Burney Co. Acquires 10,374 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Burney Co. increased its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 5.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 197,059 shares of the technology company's stock after acquiring an additional 10,374 shares during the period. Burney Co. owned about 0.08% of SS&C Technologies worth $14,933,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SSNC. Millennium Management LLC grew its stake in shares of SS&C Technologies by 49.2% during the 2nd quarter. Millennium Management LLC now owns 3,399,874 shares of the technology company's stock valued at $213,070,000 after purchasing an additional 1,120,961 shares during the period. Janus Henderson Group PLC lifted its holdings in SS&C Technologies by 5.4% during the third quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company's stock valued at $1,191,774,000 after purchasing an additional 817,501 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of SS&C Technologies by 82.1% in the second quarter. AQR Capital Management LLC now owns 1,267,057 shares of the technology company's stock worth $78,900,000 after purchasing an additional 571,334 shares in the last quarter. Point72 Asset Management L.P. raised its position in shares of SS&C Technologies by 250.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 593,700 shares of the technology company's stock valued at $44,058,000 after purchasing an additional 424,487 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of SS&C Technologies by 14.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,696,702 shares of the technology company's stock valued at $168,995,000 after buying an additional 349,911 shares in the last quarter. Hedge funds and other institutional investors own 96.95% of the company's stock.

SS&C Technologies Trading Up 1.7 %

SSNC traded up $1.29 during trading on Wednesday, reaching $78.41. The company had a trading volume of 1,660,708 shares, compared to its average volume of 1,186,963. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a 52 week low of $59.18 and a 52 week high of $78.55. The stock has a market cap of $19.42 billion, a P/E ratio of 28.10 and a beta of 1.37. The business has a 50 day simple moving average of $75.73 and a 200-day simple moving average of $73.07.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.03. The firm had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.44 billion. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.33%. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.04 EPS. On average, equities 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 declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Monday, December 2nd. SS&C Technologies's dividend payout ratio is currently 35.84%.

Wall Street Analyst Weigh In

SSNC has been the topic of a number of recent analyst reports. Raymond James raised their price target 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. DA Davidson restated a "buy" rating and issued a $92.00 price target on shares of SS&C Technologies in a research note on Thursday, October 10th. Needham & Company LLC reiterated a "buy" rating and set a $90.00 price objective on shares of SS&C Technologies in a research report on Friday, October 25th. StockNews.com downgraded SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 15th. Finally, Royal Bank of Canada upped their price target on shares of SS&C Technologies from $75.00 to $86.00 and gave the company an "outperform" rating in a research note on Thursday, September 19th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned 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 Activity at SS&C Technologies

In other SS&C Technologies news, SVP Jason Douglas White sold 69,000 shares of the company's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total value of $5,317,830.00. Following the transaction, the senior vice president now directly owns 6,412 shares in the company, valued at $494,172.84. This represents a 91.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William C. Stone sold 132,700 shares of the firm's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $76.85, for a total transaction of $10,197,995.00. Following the transaction, the chief executive officer now directly owns 31,837,926 shares in the company, valued at approximately $2,446,744,613.10. This trade represents a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 449,000 shares of company stock worth $34,461,478 in the last quarter. 15.40% of the stock is owned by company insiders.

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.