LRI Investments LLC Buys 16,939 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

LRI Investments LLC grew its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 299.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,598 shares of the technology company's stock after acquiring an additional 16,939 shares during the period. LRI Investments LLC's holdings in SS&C Technologies were worth $1,677,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in SSNC. Janus Henderson Group PLC increased its holdings in SS&C Technologies by 5.4% in the third quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company's stock worth $1,191,774,000 after purchasing an additional 817,501 shares in the last quarter. Diamond Hill Capital Management Inc. increased its stake in shares of SS&C Technologies by 0.7% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 7,798,723 shares of the technology company's stock valued at $488,746,000 after acquiring an additional 53,080 shares in the last quarter. State Street Corp lifted its position in shares of SS&C Technologies by 2.2% during the 3rd quarter. State Street Corp now owns 5,624,174 shares of the technology company's stock valued at $417,370,000 after acquiring an additional 121,223 shares during the period. Burgundy Asset Management Ltd. boosted its stake in SS&C Technologies by 4.3% during the second quarter. Burgundy Asset Management Ltd. now owns 4,942,374 shares of the technology company's stock worth $309,739,000 after acquiring an additional 201,632 shares in the last quarter. Finally, FMR LLC grew its holdings in SS&C Technologies by 1.5% in the third quarter. FMR LLC now owns 3,984,057 shares of the technology company's stock worth $295,657,000 after purchasing an additional 58,389 shares during the period. 96.95% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies 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 approximately $494,172.84. This trade represents a 91.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO William C. Stone sold 247,300 shares of the business's stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 31,837,926 shares in the company, valued at $2,439,103,510.86. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 465,300 shares of company stock worth $35,506,313. Insiders own 15.40% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SSNC shares. Needham & Company LLC reiterated a "buy" rating and set a $90.00 price objective on shares of SS&C Technologies in a report on Friday, October 25th. Raymond James increased their price target on SS&C Technologies from $79.00 to $85.00 and gave the stock a "strong-buy" rating in a report on Friday, October 25th. Royal Bank of Canada raised their price objective 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. StockNews.com lowered SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 15th. Finally, DA Davidson reissued a "buy" rating and issued a $92.00 price target on shares of SS&C Technologies in a research report on Thursday, October 10th. 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 stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $77.75.

SS&C Technologies Stock Down 0.9 %

SSNC traded down $0.66 during mid-day trading on Monday, reaching $75.46. 1,513,246 shares of the stock were exchanged, compared to its average volume of 1,089,717. The company has a 50 day moving average price of $74.48 and a two-hundred day moving average price of $70.38. The stock has a market capitalization of $18.69 billion, a PE ratio of 27.28 and a beta of 1.38. 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 1 year low of $57.23 and a 1 year high of $77.69.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share 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 business had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same period in the previous year, the company earned $1.04 earnings per share. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, research 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. Stockholders of record on Monday, December 2nd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Monday, December 2nd. SS&C Technologies's dividend payout ratio is presently 35.84%.

About SS&C Technologies

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.