Executive Wealth Management LLC Buys New Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Executive Wealth Management LLC bought a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 97,182 shares of the technology company's stock, valued at approximately $7,212,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Cetera Advisors LLC acquired a new stake in shares of SS&C Technologies in the 1st quarter worth about $343,000. CWM LLC boosted its position in shares of SS&C Technologies by 130.1% during the second quarter. CWM LLC now owns 7,792 shares of the technology company's stock worth $488,000 after buying an additional 4,406 shares during the period. Dynamic Advisor Solutions LLC grew its holdings in SS&C Technologies by 4.1% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 7,045 shares of the technology company's stock worth $442,000 after buying an additional 279 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in SS&C Technologies by 63.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,326 shares of the technology company's stock valued at $396,000 after acquiring an additional 2,453 shares during the period. Finally, PGGM Investments raised its stake in SS&C Technologies by 4.1% during the 2nd quarter. PGGM Investments now owns 46,513 shares of the technology company's stock valued at $2,915,000 after acquiring an additional 1,819 shares in the last quarter. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at SS&C Technologies

In other news, Director Normand A. Boulanger sold 130,000 shares of the stock in a transaction dated 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 transaction, the director now owns 333,576 shares of the company's stock, valued at approximately $25,144,958.88. This represents a 28.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jason Douglas White sold 69,000 shares of the business's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total value of $5,317,830.00. Following the completion of the sale, the senior vice president now owns 6,412 shares of the company's stock, valued at approximately $494,172.84. This trade represents a 91.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 465,300 shares of company stock worth $35,506,313 over the last 90 days. 15.40% of the stock is currently owned by corporate insiders.

SS&C Technologies Trading Up 1.9 %

Shares of NASDAQ:SSNC traded up $1.46 during mid-day trading on Tuesday, hitting $76.92. The stock had a trading volume of 1,529,117 shares, compared to its average volume of 1,091,573. The company's 50 day moving average is $74.57 and its 200-day moving average is $70.58. SS&C Technologies Holdings, Inc. has a 12-month low of $57.23 and a 12-month high of $77.69. 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 company has a market cap of $19.05 billion, a PE ratio of 27.57 and a beta of 1.38.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its earnings results 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 return on equity of 17.33% and a net margin of 12.26%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the company earned $1.04 earnings per share. The company's revenue for the quarter was up 7.3% on a year-over-year basis. On average, sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current year.

SS&C Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.25 per share. 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 currently 35.84%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. DA Davidson reissued a "buy" rating and set a $92.00 price target on shares of SS&C Technologies in a report on Thursday, October 10th. StockNews.com downgraded shares of SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 15th. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price objective on shares of SS&C Technologies in a report on Friday, October 25th. Raymond James raised 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 research note on Friday, October 25th. Finally, Royal Bank of Canada raised their target price 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. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $77.75.

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.