SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC grew its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 1.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,621,022 shares of the technology company's stock after acquiring an additional 64,299 shares during the quarter. Geode Capital Management LLC owned about 1.46% of SS&C Technologies worth $268,075,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SSNC. Wealth Enhancement Advisory Services LLC raised its stake in shares of 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. Assenagon Asset Management S.A. raised its position in SS&C Technologies by 2,178.2% in the second quarter. Assenagon Asset Management S.A. now owns 104,797 shares of the technology company's stock valued at $6,568,000 after purchasing an additional 100,197 shares during the period. ZWJ Investment Counsel Inc. lifted its stake in shares of SS&C Technologies by 4.7% during the second quarter. ZWJ Investment Counsel Inc. now owns 310,664 shares of the technology company's stock worth $19,469,000 after purchasing an additional 13,820 shares in the last quarter. Pallas Capital Advisors LLC purchased a new stake in shares of SS&C Technologies in the second quarter worth about $264,000. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of SS&C Technologies in the second quarter valued at about $47,000. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on SSNC. Royal Bank of Canada upped their price target on SS&C Technologies from $75.00 to $86.00 and gave the stock an "outperform" rating in a report on Thursday, September 19th. Raymond James upped their target price 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. DA Davidson reaffirmed a "buy" rating and set a $92.00 price target on shares of SS&C Technologies in a report on Thursday, October 10th. 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. Finally, StockNews.com downgraded 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 stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $77.75.

SS&C Technologies Stock Down 0.3 %

Shares of SS&C Technologies stock traded down $0.23 during trading on Friday, reaching $76.67. The company had a trading volume of 779,522 shares, compared to its average volume of 1,204,980. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. SS&C Technologies Holdings, Inc. has a fifty-two week low of $58.79 and a fifty-two week high of $77.69. The firm's fifty day moving average is $74.76 and its 200-day moving average is $70.91. The company has a market cap of $18.99 billion, a price-to-earnings ratio of 27.48 and a beta of 1.38.

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 the consensus estimate 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 firm had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter in the prior year, the firm posted $1.04 earnings per share. SS&C Technologies's revenue for the quarter was up 7.3% compared to the same quarter last year. On average, analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current year.

SS&C Technologies Dividend Announcement

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 payout ratio is 35.84%.

Insiders Place Their Bets

In other news, Director Normand A. Boulanger sold 130,000 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 333,576 shares in the company, valued at approximately $25,144,958.88. This represents a 28.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William C. Stone sold 247,300 shares of the business's stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $76.61, for a total value of $18,945,653.00. Following the transaction, the chief executive officer now owns 31,837,926 shares of the company's stock, valued at $2,439,103,510.86. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 598,000 shares of company stock valued at $45,704,308. Company insiders own 15.40% of the company's stock.

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.