24,331 Shares in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 24,331 shares of the technology company's stock, valued at approximately $1,806,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Swedbank AB purchased a new stake in SS&C Technologies in the first quarter valued at approximately $94,939,000. Millennium Management LLC increased its stake in shares of SS&C Technologies by 49.2% in the second quarter. Millennium Management LLC now owns 3,399,874 shares of the technology company's stock worth $213,070,000 after acquiring an additional 1,120,961 shares during the period. AQR Capital Management LLC raised its holdings in shares of SS&C Technologies by 82.1% during 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 during the last quarter. Dimensional Fund Advisors LP lifted its position in SS&C Technologies by 14.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,696,702 shares of the technology company's stock valued at $168,995,000 after purchasing an additional 349,911 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in SS&C Technologies by 29.7% in the second quarter. Victory Capital Management Inc. now owns 1,269,116 shares of the technology company's stock valued at $79,536,000 after purchasing an additional 290,496 shares during the last quarter. Hedge funds and other institutional investors own 96.95% of the company's stock.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, 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 sale, the director now directly owns 333,576 shares of the company's stock, valued at $25,144,958.88. This trade represents a 28.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 value of $1,443,430.00. Following the transaction, the director now owns 22,576 shares in the company, valued at approximately $1,715,098.72. This represents a 45.70 % decrease in their position. The disclosure for this sale can be found here. Insiders own 15.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. StockNews.com cut SS&C Technologies from a "strong-buy" rating to a "buy" rating in a report on Friday, November 15th. 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 research report on Thursday, September 19th. DA Davidson reaffirmed a "buy" rating and set a $92.00 target price on shares of SS&C Technologies in a report on Thursday, October 10th. Needham & Company LLC reissued a "buy" rating and set a $90.00 price target on shares of SS&C Technologies in a report on Friday, October 25th. Finally, Raymond James lifted their price objective on shares of SS&C Technologies from $79.00 to $85.00 and gave the company a "strong-buy" rating in a report on Friday, October 25th. Two 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 company. According to MarketBeat.com, SS&C Technologies has a consensus rating of "Moderate Buy" and an average target price of $77.75.

SS&C Technologies Price Performance

SSNC traded up $0.23 during midday trading on Tuesday, hitting $77.10. 1,453,409 shares of the company traded hands, compared to its average volume of 1,093,950. The company has a market capitalization of $19.10 billion, a price-to-earnings ratio of 27.63 and a beta of 1.39. The business has a 50 day simple moving average of $74.13 and a two-hundred day simple moving average of $69.52. 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 Holdings, Inc. has a 52-week low of $55.45 and a 52-week high of $77.50.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The technology company reported $1.29 EPS 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 analyst estimates of $1.44 billion. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. SS&C Technologies's quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.04 EPS. On average, equities analysts forecast 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 announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid 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 1.30%. 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.