Fmr LLC Raises Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

FMR LLC increased its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 1.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,984,057 shares of the technology company's stock after purchasing an additional 58,389 shares during the quarter. FMR LLC owned approximately 1.61% of SS&C Technologies worth $295,657,000 at the end of the most recent quarter.

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 position in SS&C Technologies during the 2nd quarter worth approximately $26,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of SS&C Technologies in the 2nd quarter valued at $35,000. Benjamin Edwards Inc. raised its position in SS&C Technologies by 43.3% in the 2nd quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company's stock valued at $42,000 after purchasing an additional 204 shares during the last quarter. Versant Capital Management Inc boosted its stake in SS&C Technologies by 6,300.0% during the 2nd quarter. Versant Capital Management Inc now owns 704 shares of the technology company's stock worth $44,000 after purchasing an additional 693 shares during the period. Finally, 1620 Investment Advisors Inc. purchased a new position in SS&C Technologies during the 2nd quarter worth $47,000. 96.95% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Price Performance

Shares of SS&C Technologies stock traded down $0.13 during trading on Monday, reaching $76.96. The company's stock had a trading volume of 394,650 shares, compared to its average volume of 1,087,773. The business has a 50 day moving average price of $74.26 and a 200-day moving average price of $69.92. The company has a market capitalization of $19.06 billion, a P/E ratio of 27.72 and a beta of 1.39. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a 12-month low of $56.10 and a 12-month high of $77.69.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its earnings results on Thursday, October 24th. The technology company reported $1.29 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 company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the firm earned $1.04 EPS. The business's revenue was up 7.3% on a year-over-year basis. As a group, sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current year.

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued 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 yield of 1.30%. SS&C Technologies's dividend payout ratio is presently 35.84%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Royal Bank of Canada upped their target price on shares of SS&C Technologies from $75.00 to $86.00 and gave the company an "outperform" rating in a report on Thursday, September 19th. Raymond James upped their price objective on 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. Needham & Company LLC reiterated 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 reissued a "buy" rating and issued a $92.00 target price on shares of SS&C Technologies in a report on Thursday, October 10th. Finally, StockNews.com downgraded SS&C Technologies from a "strong-buy" rating to a "buy" rating in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $77.75.

Insiders Place Their Bets

In other news, SVP Jason Douglas White sold 69,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total value of $5,317,830.00. Following the sale, the senior vice president now directly owns 6,412 shares in the company, valued at $494,172.84. This represents a 91.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Jay Zamkow sold 19,000 shares of SS&C Technologies stock in a transaction that occurred 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 of the company's stock, valued at $1,715,098.72. This represents a 45.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 218,000 shares of company stock worth $16,560,660. 15.40% of the stock is owned by corporate insiders.

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.