Point72 Hong Kong Ltd Takes Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Point72 Hong Kong Ltd purchased a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 54,922 shares of the technology company's stock, valued at approximately $4,076,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SSNC. Assenagon Asset Management S.A. increased its stake in shares of SS&C Technologies by 2,178.2% in the second quarter. Assenagon Asset Management S.A. now owns 104,797 shares of the technology company's stock worth $6,568,000 after purchasing an additional 100,197 shares in the last quarter. National Pension Service increased its stake in SS&C Technologies by 5.4% in the 3rd quarter. National Pension Service now owns 530,166 shares of the technology company's stock worth $39,344,000 after buying an additional 27,336 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in SS&C Technologies in the 2nd quarter worth $1,661,000. Jackson Square Capital LLC purchased a new stake in shares of SS&C Technologies during the third quarter worth about $1,612,000. Finally, Burgundy Asset Management Ltd. grew its position in shares of 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 purchasing an additional 201,632 shares in the last quarter. 96.95% of the stock is owned by hedge funds and other institutional investors.

SS&C Technologies Trading Down 0.0 %

SS&C Technologies stock traded down $0.02 during midday trading on Friday, reaching $77.34. The stock had a trading volume of 571,965 shares, compared to its average volume of 1,434,446. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The firm has a market cap of $19.16 billion, a price-to-earnings ratio of 27.72 and a beta of 1.39. SS&C Technologies Holdings, Inc. has a 52-week low of $55.63 and a 52-week high of $77.69. The company has a fifty day moving average of $74.26 and a 200 day moving average of $69.87.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the business earned $1.04 earnings per share. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. On average, analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.25 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 1.29%. SS&C Technologies's dividend payout ratio (DPR) is 35.84%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SSNC. Royal Bank of Canada increased their target price on SS&C Technologies from $75.00 to $86.00 and gave the stock an "outperform" rating in a research report on Thursday, September 19th. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 target price on shares of SS&C Technologies in a research note on Friday, October 25th. StockNews.com cut shares of SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 15th. 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. Finally, Raymond James raised 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. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $77.75.

Insider Buying and Selling at SS&C Technologies

In other SS&C Technologies news, Director Michael Jay Zamkow sold 19,000 shares of the company's stock in a transaction on Friday, September 20th. The stock was sold at an average price of $75.97, for a total transaction of $1,443,430.00. Following the completion of the sale, the director now owns 22,576 shares in the company, valued at $1,715,098.72. This represents a 45.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Normand A. Boulanger sold 130,000 shares of the company's stock in a transaction on 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 sale, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 218,000 shares of company stock valued at $16,560,660 in the last three months. Company insiders own 15.40% of the company's stock.

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.