Entropy Technologies LP Purchases Shares of 28,924 SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Entropy Technologies LP acquired a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 28,924 shares of the technology company's stock, valued at approximately $2,146,000.

Several other large investors also recently added to or reduced their stakes in the business. Innealta Capital LLC bought a new position in SS&C Technologies in the 2nd quarter worth approximately $26,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of SS&C Technologies during the second quarter worth $35,000. Benjamin Edwards Inc. increased its stake in shares of SS&C Technologies by 43.3% in the second quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company's stock valued at $42,000 after buying an additional 204 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of SS&C Technologies by 6,300.0% in the second quarter. Versant Capital Management Inc now owns 704 shares of the technology company's stock valued at $44,000 after buying an additional 693 shares during the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in SS&C Technologies in the 2nd quarter valued at about $47,000. 96.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on SSNC shares. Needham & Company LLC reissued a "buy" rating and set a $90.00 price objective on shares of SS&C Technologies in a report on Friday, October 25th. DA Davidson reaffirmed 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 upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, November 5th. Raymond James boosted their target price on SS&C Technologies from $79.00 to $85.00 and gave the stock a "strong-buy" rating in a research report on Friday, October 25th. Finally, Royal Bank of Canada increased 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 report on Thursday, September 19th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, SS&C Technologies presently has an average rating of "Buy" and an average price target of $77.75.

SS&C Technologies Price Performance

Shares of NASDAQ SSNC traded up $1.06 during mid-day trading on Wednesday, reaching $75.36. The company had a trading volume of 536,429 shares, compared to its average volume of 1,069,482. SS&C Technologies Holdings, Inc. has a one year low of $53.46 and a one year high of $77.02. The business's 50-day simple moving average is $73.96 and its 200 day simple moving average is $68.74. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market cap of $18.67 billion, a price-to-earnings ratio of 26.87 and a beta of 1.39.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The technology company reported $1.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.26 by $0.03. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.33%. The business had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same period last year, the firm posted $1.04 earnings per share. The firm's quarterly revenue was up 7.3% compared to the same quarter last year. On average, research analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.25 per share. This is an increase from SS&C Technologies's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.33%. SS&C Technologies's dividend payout ratio (DPR) is 35.84%.

SS&C Technologies announced that its board has approved a stock repurchase program on Thursday, July 25th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to reacquire up to 5.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other SS&C Technologies news, COO Rahul Kanwar sold 412,190 shares of the business's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $73.13, for a total transaction of $30,143,454.70. Following the sale, the chief operating officer now directly owns 57,642 shares of the company's stock, valued at $4,215,359.46. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other SS&C Technologies news, Director Michael Jay Zamkow sold 19,000 shares of the firm's stock in a transaction that occurred on Friday, September 20th. The shares were 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 in the company, valued at approximately $1,715,098.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Rahul Kanwar sold 412,190 shares of the company's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $73.13, for a total transaction of $30,143,454.70. Following the completion of the sale, the chief operating officer now directly owns 57,642 shares in the company, valued at approximately $4,215,359.46. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 561,190 shares of company stock valued at $41,386,285 in the last 90 days. Corporate insiders own 15.40% of the company's stock.

SS&C Technologies 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.