SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Holdings Raised by Cerity Partners LLC

Cerity Partners LLC raised its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 148.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 63,973 shares of the technology company's stock after acquiring an additional 38,211 shares during the period. Cerity Partners LLC's holdings in SS&C Technologies were worth $4,747,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SSNC. California State Teachers Retirement System lifted its position in SS&C Technologies by 5.3% during the first quarter. California State Teachers Retirement System now owns 433,572 shares of the technology company's stock worth $27,909,000 after buying an additional 21,641 shares during the period. Tidal Investments LLC boosted its position in shares of SS&C Technologies by 28.5% in the first quarter. Tidal Investments LLC now owns 22,975 shares of the technology company's stock worth $1,479,000 after acquiring an additional 5,100 shares during the last quarter. Comerica Bank grew its holdings in 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 period. PGGM Investments grew its holdings in SS&C Technologies by 3.1% in the first quarter. PGGM Investments now owns 44,694 shares of the technology company's stock valued at $2,877,000 after purchasing an additional 1,336 shares during the period. Finally, Cetera Advisors LLC acquired a new position in SS&C Technologies during the first quarter worth approximately $343,000. Hedge funds and other institutional investors own 96.95% of the company's stock.

Analyst Upgrades and Downgrades

SSNC has been the subject of several research reports. Needham & Company LLC reissued a "buy" rating and set a $90.00 price objective on shares of SS&C Technologies in a research note on Friday, October 25th. Raymond James boosted their price target on SS&C Technologies from $79.00 to $85.00 and gave the company a "strong-buy" rating in a research report on Friday, October 25th. StockNews.com lowered 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 objective on SS&C Technologies from $75.00 to $86.00 and gave the company an "outperform" rating in a research note on Thursday, September 19th. Finally, DA Davidson reissued a "buy" rating and set a $92.00 target price on shares of SS&C Technologies in a research report on Thursday, October 10th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $77.75.

Insider Transactions at SS&C Technologies

In other news, Director Normand A. Boulanger sold 130,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $75.38, for a total transaction of $9,799,400.00. Following the completion of the transaction, the director now directly owns 333,576 shares in the company, valued at approximately $25,144,958.88. This represents a 28.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael Jay Zamkow sold 19,000 shares of SS&C Technologies 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 owns 22,576 shares of the company's stock, valued at approximately $1,715,098.72. This trade represents a 45.70 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 218,000 shares of company stock valued at $16,560,660. 15.40% of the stock is currently owned by insiders.

SS&C Technologies Stock Down 0.0 %

Shares of NASDAQ:SSNC traded down $0.02 during mid-day trading on Friday, hitting $77.34. 571,963 shares of the company traded hands, compared to its average volume of 1,091,018. The firm has a market cap of $19.16 billion, a P/E ratio of 27.73 and a beta of 1.39. SS&C Technologies Holdings, Inc. has a 52-week low of $55.63 and a 52-week high of $77.69. The firm's 50 day simple moving average is $74.22 and its 200 day simple moving average is $69.73. 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 posted its 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 business had revenue of $1.47 billion for 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 business'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 posted $1.04 earnings per share. On average, equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current year.

SS&C Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.29%. SS&C Technologies's dividend payout ratio is presently 35.84%.

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.