Kovitz Investment Group Partners LLC Has $2.51 Million Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Kovitz Investment Group Partners LLC increased its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 77.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 34,897 shares of the technology company's stock after purchasing an additional 15,267 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in SS&C Technologies were worth $2,510,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new position in SS&C Technologies in the 2nd quarter worth approximately $26,000. Ashton Thomas Private Wealth LLC bought a new position in SS&C Technologies in the 2nd quarter worth approximately $35,000. Benjamin Edwards Inc. increased 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 worth $42,000 after buying an additional 204 shares during the period. 1620 Investment Advisors Inc. bought a new position in SS&C Technologies in the 2nd quarter worth approximately $47,000. Finally, Capital Performance Advisors LLP bought a new position in SS&C Technologies in the 3rd quarter worth approximately $68,000. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other SS&C Technologies 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 value 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jason Douglas White sold 69,000 shares of the stock in a transaction dated 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 $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 valued at $35,506,313 over the last 90 days. 15.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Royal Bank of Canada boosted their price objective 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. DA Davidson restated a "buy" rating and set a $92.00 price objective on shares of SS&C Technologies in a research report on Thursday, October 10th. StockNews.com cut SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 15th. Raymond James boosted their price objective on SS&C Technologies from $79.00 to $85.00 and gave the company a "strong-buy" rating in a research report on Friday, October 25th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price target on shares of SS&C Technologies in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, SS&C Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $77.75.

SS&C Technologies Price Performance

SS&C Technologies stock traded up $1.46 on Tuesday, reaching $76.92. The company's stock had a trading volume of 1,529,117 shares, compared to its average volume of 1,091,573. 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 price-to-earnings ratio of 27.36 and a beta of 1.38. The business's fifty day moving average price is $74.50 and its 200 day moving average price is $70.47. SS&C Technologies Holdings, Inc. has a twelve month low of $57.23 and a twelve month high of $77.69.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.03. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. The business's revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.04 earnings per share. Equities analysts expect that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid 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 (DPR) is presently 35.84%.

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.