Greenleaf Trust Boosts Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Greenleaf Trust grew its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 556.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,341 shares of the technology company's stock after buying an additional 27,414 shares during the period. Greenleaf Trust's holdings in SS&C Technologies were worth $2,400,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. SG Americas Securities LLC boosted its holdings in shares of SS&C Technologies by 39.3% in the 1st quarter. SG Americas Securities LLC now owns 66,879 shares of the technology company's stock valued at $4,305,000 after buying an additional 18,878 shares in the last quarter. Assenagon Asset Management S.A. raised its position in SS&C Technologies by 2,178.2% in the 2nd 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 last quarter. State Board of Administration of Florida Retirement System raised its position in SS&C Technologies by 4.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 253,867 shares of the technology company's stock valued at $16,341,000 after purchasing an additional 11,497 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in SS&C Technologies in the 2nd quarter valued at $1,661,000. Finally, Burgundy Asset Management Ltd. raised its position in SS&C Technologies by 4.3% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 4,942,374 shares of the technology company's stock valued at $309,739,000 after purchasing an additional 201,632 shares during the last quarter. Institutional investors and hedge funds own 96.95% of the company's stock.

Insider Activity at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 19,000 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $75.97, for a total value of $1,443,430.00. Following the sale, the director now directly owns 22,576 shares of the company's stock, valued at approximately $1,715,098.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other SS&C Technologies news, Director Michael Jay Zamkow sold 19,000 shares of the firm's stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $75.97, for a total transaction of $1,443,430.00. Following the sale, the director now directly owns 22,576 shares of the company's stock, valued at $1,715,098.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Normand A. Boulanger sold 130,000 shares of the firm's stock in a transaction dated 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 $25,144,958.88. This 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 valued at $44,821,055. Insiders own 15.40% of the company's stock.

SS&C Technologies Price Performance

NASDAQ SSNC traded down $0.64 during trading hours on Thursday, reaching $75.15. The company's stock had a trading volume of 1,365,068 shares, compared to its average volume of 1,025,074. The stock has a market cap of $18.59 billion, a PE ratio of 29.94 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a fifty-two week low of $46.61 and a fifty-two week high of $77.02. The company's 50-day moving average is $74.43 and its two-hundred day moving average is $67.66. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.16 and a current ratio of 1.16.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The technology company reported $1.27 EPS for the quarter, beating analysts' consensus estimates of $1.20 by $0.07. The firm had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.43 billion. SS&C Technologies had a net margin of 12.33% and a return on equity of 17.43%. The firm's revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.96 EPS. Analysts forecast that SS&C Technologies Holdings, Inc. will post 4.66 EPS for the current year.

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

SS&C Technologies Increases Dividend

The firm 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 represents a $1.00 dividend on an annualized basis and a yield of 1.33%. This is a boost from SS&C Technologies's previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, September 3rd. SS&C Technologies's dividend payout ratio is presently 39.84%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Needham & Company LLC upped their price target on shares of SS&C Technologies from $81.00 to $90.00 and gave the company a "buy" rating in a research report on Thursday, September 19th. Royal Bank of Canada upped their price objective on shares of SS&C Technologies from $75.00 to $86.00 and gave the stock an "outperform" rating in a research report on Thursday, September 19th. Finally, 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. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $73.75.

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.