EP Wealth Advisors LLC Takes $509,000 Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

EP Wealth Advisors LLC purchased a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,864 shares of the technology company's stock, valued at approximately $509,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Innealta Capital LLC purchased a new stake in shares of SS&C Technologies in the second quarter worth about $26,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of SS&C Technologies in the second quarter worth about $35,000. Benjamin Edwards Inc. lifted its holdings 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 worth $42,000 after buying an additional 204 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new stake in shares of SS&C Technologies in the second quarter worth about $47,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of SS&C Technologies in the third quarter worth about $68,000. Institutional investors own 96.95% of the company's stock.

Analyst Upgrades and Downgrades

SSNC has been the topic of a number of recent analyst reports. Raymond James increased their price target on shares of SS&C Technologies from $79.00 to $85.00 and gave the stock a "strong-buy" rating in a report on Friday, October 25th. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 target price on shares of SS&C Technologies in a research note on Friday, October 25th. DA Davidson reaffirmed a "buy" rating and issued a $92.00 target price on shares of SS&C Technologies in a research note on Thursday, October 10th. 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 note on Thursday, September 19th. Finally, StockNews.com downgraded shares of SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $77.75.

Insider Transactions at SS&C Technologies

In related news, Director Normand A. Boulanger sold 130,000 shares of SS&C Technologies stock in a transaction on Monday, September 16th. The shares were sold at an average price of $75.38, for a total value of $9,799,400.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the completion of the sale, the senior vice president now owns 6,412 shares in the company, valued at approximately $494,172.84. This trade represents a 91.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 598,000 shares of company stock worth $45,704,308. Insiders own 15.40% of the company's stock.

SS&C Technologies Price Performance

Shares of SSNC stock traded down $0.35 during trading hours on Thursday, hitting $76.90. 1,326,372 shares of the company's stock were exchanged, compared to its average volume of 1,091,277. The company has a market capitalization of $19.05 billion, a PE ratio of 27.53 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a 12-month low of $58.14 and a 12-month high of $77.69. The business's 50 day simple moving average is $74.64 and its 200-day simple moving average is $70.63. 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 issued its earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter last year, the business earned $1.04 earnings per share. The business's revenue was up 7.3% on a year-over-year basis. On average, equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Monday, December 2nd. SS&C Technologies's dividend payout ratio is 35.84%.

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.