Stephens Inc. AR Has $3.73 Million Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Stephens Inc. AR decreased its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 13.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,232 shares of the technology company's stock after selling 7,730 shares during the quarter. Stephens Inc. AR's holdings in SS&C Technologies were worth $3,728,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SSNC. Quent Capital LLC boosted its stake in shares of SS&C Technologies by 76.8% during the 1st quarter. Quent Capital LLC now owns 396 shares of the technology company's stock valued at $25,000 after buying an additional 172 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of SS&C Technologies during the 2nd quarter valued at approximately $26,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of SS&C Technologies during the 2nd quarter valued at approximately $35,000. Benjamin Edwards Inc. boosted its stake in shares of SS&C Technologies by 43.3% during the 2nd quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company's stock valued at $42,000 after buying an additional 204 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of SS&C Technologies by 6,300.0% during the 2nd quarter. Versant Capital Management Inc now owns 704 shares of the technology company's stock valued at $44,000 after buying an additional 693 shares during the last quarter. Institutional investors and hedge funds own 96.95% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. DA Davidson reiterated a "buy" rating and set a $92.00 target price on shares of SS&C Technologies in a research note on Thursday, October 10th. Raymond James raised their price objective on SS&C Technologies from $79.00 to $85.00 and gave the stock a "strong-buy" rating in a research note on Friday, October 25th. Needham & Company LLC restated a "buy" rating and set a $90.00 price objective on shares of SS&C Technologies in a research note 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 stock an "outperform" rating in a research note on Thursday, September 19th. Finally, StockNews.com cut SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research note on Monday, October 28th. 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.com, SS&C Technologies presently has an average rating of "Moderate Buy" and an average price target of $77.75.

Insider Activity

In other news, Director Smita Conjeevaram sold 48,500 shares of the firm'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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Smita Conjeevaram sold 48,500 shares of SS&C Technologies stock in a transaction dated 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 $678,172.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Jay Zamkow sold 19,000 shares of SS&C Technologies stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $75.97, for a total value of $1,443,430.00. Following the transaction, the director now directly owns 22,576 shares in the company, valued at approximately $1,715,098.72. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 609,690 shares of company stock valued at $44,821,055. Company insiders own 15.40% of the company's stock.

SS&C Technologies Stock Performance

NASDAQ SSNC traded up $0.47 during trading hours on Friday, hitting $70.40. The company had a trading volume of 1,637,654 shares, compared to its average volume of 1,471,942. SS&C Technologies Holdings, Inc. has a fifty-two week low of $49.51 and a fifty-two week high of $77.02. The company has a quick ratio of 1.16, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The business has a fifty day simple moving average of $74.07 and a 200-day simple moving average of $68.07. The firm has a market cap of $17.44 billion, a P/E ratio of 25.23 and a beta of 1.39.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its 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 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 analyst estimates of $1.44 billion. During the same period last year, the company earned $1.04 earnings per share. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. Equities analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current year.

SS&C Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.42%. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Tuesday, September 3rd. SS&C Technologies's dividend payout ratio (DPR) is 35.84%.

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

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.