Jackson Square Capital LLC Takes $1.61 Million Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Jackson Square Capital LLC acquired a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 21,728 shares of the technology company's stock, valued at approximately $1,612,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC boosted its position in shares of SS&C Technologies by 0.4% during the third quarter. Janney Montgomery Scott LLC now owns 46,282 shares of the technology company's stock worth $3,435,000 after buying an additional 196 shares during the period. Tectonic Advisors LLC boosted its position in SS&C Technologies by 2.9% during the 3rd quarter. Tectonic Advisors LLC now owns 7,064 shares of the technology company's stock worth $524,000 after acquiring an additional 198 shares during the period. Summit Trail Advisors LLC boosted its position in SS&C Technologies by 2.9% during the 2nd quarter. Summit Trail Advisors LLC now owns 7,112 shares of the technology company's stock worth $446,000 after acquiring an additional 203 shares during the period. Benjamin Edwards Inc. grew 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 worth $42,000 after purchasing an additional 204 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its holdings in shares of SS&C Technologies by 0.4% during the third quarter. Wedge Capital Management L L P NC now owns 51,497 shares of the technology company's stock valued at $3,822,000 after purchasing an additional 206 shares during the period. 96.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SSNC shares. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 target price on shares of SS&C Technologies in a research report on Friday, October 25th. DA Davidson reiterated a "buy" rating and issued a $92.00 price objective on shares of SS&C Technologies in a report on Thursday, October 10th. StockNews.com raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Tuesday. Raymond James upped 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 lifted their price target on 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 assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $77.75.

SS&C Technologies Price Performance

Shares of NASDAQ SSNC traded up $0.42 during mid-day trading on Thursday, reaching $74.59. The company had a trading volume of 1,483,607 shares, compared to its average volume of 1,064,083. The company has a 50-day moving average price of $73.96 and a two-hundred day moving average price of $68.36. The stock has a market cap of $18.47 billion, a PE ratio of 26.73 and a beta of 1.39. 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 Holdings, Inc. has a 1-year low of $51.92 and a 1-year high of $77.02.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share for the quarter, topping 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 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 posted $1.04 EPS. SS&C Technologies's revenue was up 7.3% on a year-over-year basis. On average, equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current 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 paid a $0.25 dividend. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, September 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.34%. SS&C Technologies's dividend payout ratio (DPR) is currently 35.84%.

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

Insiders Place Their Bets

In related news, Director Smita Conjeevaram sold 48,500 shares of the company's stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $70.82, for a total transaction of $3,434,770.00. Following the transaction, the director now directly owns 9,576 shares of the company's stock, valued at approximately $678,172.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO Rahul Kanwar sold 412,190 shares of the business'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 transaction, the chief operating officer now directly owns 57,642 shares in the company, 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 is available at this link. Also, Director Smita Conjeevaram sold 48,500 shares of the company's stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $70.82, for a total transaction of $3,434,770.00. Following the completion of the transaction, the director now directly owns 9,576 shares in the company, valued at $678,172.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 609,690 shares of company stock worth $44,821,055. Corporate 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.