Centiva Capital LP Acquires New Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Centiva Capital LP purchased a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 11,969 shares of the technology company's stock, valued at approximately $888,000.

Several other large investors also recently made changes to their positions in SSNC. Innealta Capital LLC acquired a new position in SS&C Technologies in the 2nd quarter worth $26,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of SS&C Technologies during the second quarter worth about $35,000. Benjamin Edwards Inc. grew its holdings in shares of SS&C Technologies by 43.3% during the second quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company's stock worth $42,000 after buying an additional 204 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in SS&C Technologies in the 2nd quarter valued at approximately $47,000. Finally, Capital Performance Advisors LLP bought a new stake in SS&C Technologies in the 3rd quarter valued at approximately $68,000. Institutional investors own 96.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. StockNews.com cut 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 raised their target price on shares of SS&C Technologies from $75.00 to $86.00 and gave the company an "outperform" rating in a research report on Thursday, September 19th. Needham & Company LLC reissued a "buy" rating and set a $90.00 price target on shares of SS&C Technologies in a research report on Friday, October 25th. DA Davidson restated a "buy" rating and issued a $92.00 price objective on shares of SS&C Technologies in a report on Thursday, October 10th. Finally, Raymond James upped their target price on SS&C Technologies from $79.00 to $85.00 and gave the stock a "strong-buy" rating in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $77.75.

SS&C Technologies Stock Performance

NASDAQ:SSNC traded down $0.35 on Friday, hitting $76.12. The company's stock had a trading volume of 858,350 shares, compared to its average volume of 1,087,915. SS&C Technologies Holdings, Inc. has a one year low of $56.62 and a one year high of $77.69. The firm has a market capitalization of $18.85 billion, a P/E ratio of 27.28 and a beta of 1.38. The stock has a fifty day moving average of $74.43 and a two-hundred day moving average of $70.19. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04.

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, beating analysts' consensus estimates of $1.26 by $0.03. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. The business had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter in the prior year, the business earned $1.04 EPS. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. Research analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The business also recently disclosed 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 is Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 1.31%. SS&C Technologies's dividend payout ratio (DPR) is presently 35.84%.

Insider Buying and Selling

In other news, Director Michael Jay Zamkow sold 19,000 shares of the company's stock in a transaction 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 sale, the director now directly owns 22,576 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Also, Director Normand A. Boulanger sold 130,000 shares of the firm's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $75.38, for a total value of $9,799,400.00. Following the completion of the transaction, the director now owns 333,576 shares in the company, valued at $25,144,958.88. The trade was a 28.04 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 218,000 shares of company stock valued at $16,560,660. Insiders own 15.40% of the company's stock.

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.