24,500 Shares in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Acquired by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC acquired a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 24,500 shares of the technology company's stock, valued at approximately $1,818,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Swedbank AB acquired a new stake in SS&C Technologies in the 1st quarter worth about $94,939,000. Millennium Management LLC boosted its stake in SS&C Technologies by 49.2% during the second quarter. Millennium Management LLC now owns 3,399,874 shares of the technology company's stock worth $213,070,000 after acquiring an additional 1,120,961 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of SS&C Technologies by 82.1% during the second quarter. AQR Capital Management LLC now owns 1,267,057 shares of the technology company's stock valued at $78,900,000 after acquiring an additional 571,334 shares in the last quarter. Capital International Investors lifted its holdings in shares of SS&C Technologies by 111.1% in the first quarter. Capital International Investors now owns 1,071,540 shares of the technology company's stock valued at $68,975,000 after purchasing an additional 564,017 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of SS&C Technologies by 14.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,696,702 shares of the technology company's stock worth $168,995,000 after buying an additional 349,911 shares in the last quarter. Institutional investors own 96.95% of the company's stock.

Insider Buying and Selling at SS&C Technologies

In other SS&C Technologies news, COO Rahul Kanwar sold 412,190 shares of the business's stock in a transaction that occurred on Wednesday, August 21st. The stock was 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 owns 57,642 shares of the company's stock, valued at $4,215,359.46. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, COO Rahul Kanwar sold 412,190 shares of the company's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $73.13, for a total transaction of $30,143,454.70. Following the completion of the sale, the chief operating officer now directly owns 57,642 shares in the company, valued at $4,215,359.46. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Jay Zamkow sold 19,000 shares of the stock in a transaction on 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 completion of the sale, the director now owns 22,576 shares of the company's stock, valued at $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. 15.40% of the stock is currently owned by insiders.

SS&C Technologies Stock Up 1.6 %

NASDAQ SSNC traded up $1.13 during trading hours on Tuesday, reaching $71.90. 1,423,398 shares of the company traded hands, compared to its average volume of 1,060,844. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $17.81 billion, a PE ratio of 25.77 and a beta of 1.39. SS&C Technologies Holdings, Inc. has a 12 month low of $51.72 and a 12 month high of $77.02. The company has a 50 day moving average of $74.00 and a two-hundred day moving average of $68.20.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.26 by $0.03. The business had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.44 billion. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. The company's quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.04 EPS. As a group, equities analysts expect that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current year.

SS&C Technologies declared that its Board of Directors has approved a share 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 buy up to 5.4% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

SS&C Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.39%. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.24. SS&C Technologies's dividend payout ratio is currently 35.84%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SSNC shares. Royal Bank of Canada increased their price target on shares of SS&C Technologies from $75.00 to $86.00 and gave the stock an "outperform" rating in a report on Thursday, September 19th. DA Davidson restated a "buy" rating and issued a $92.00 price target on shares of SS&C Technologies in a research note on Thursday, October 10th. StockNews.com upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Tuesday. Raymond James upped their price target on shares of 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, Needham & Company LLC restated 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 equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $77.75.

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.