Qsemble Capital Management LP Buys 33,362 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Qsemble Capital Management LP boosted its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 966.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,814 shares of the technology company's stock after purchasing an additional 33,362 shares during the quarter. Qsemble Capital Management LP's holdings in SS&C Technologies were worth $2,732,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SSNC. Innealta Capital LLC bought a new position in shares of SS&C Technologies in the second quarter worth $26,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of SS&C Technologies in the 2nd quarter valued at approximately $35,000. Benjamin Edwards Inc. raised its position in shares of SS&C Technologies by 43.3% in 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 in the last quarter. Versant Capital Management Inc lifted its holdings 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 worth $44,000 after acquiring an additional 693 shares during the period. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of SS&C Technologies during the 2nd quarter worth approximately $47,000. Institutional investors own 96.95% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. StockNews.com cut SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 15th. Royal Bank of Canada upped their price objective 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 reiterated a "buy" rating and issued a $90.00 target price on shares of SS&C Technologies in a research report on Friday, October 25th. Raymond James increased their target price on shares of SS&C Technologies from $79.00 to $85.00 and gave the stock a "strong-buy" rating in a report on Friday, October 25th. Finally, DA Davidson reaffirmed a "buy" rating and set a $92.00 price target on shares of SS&C Technologies in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $77.75.

Insider Transactions at SS&C Technologies

In related news, Director Normand A. Boulanger sold 130,000 shares of the company'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 owns 333,576 shares in the company, valued at $25,144,958.88. This represents a 28.04 % decrease in their position. The sale was disclosed in a document filed 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 that occurred on 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 completion of the sale, the director now owns 22,576 shares of the company's stock, valued at approximately $1,715,098.72. The trade was a 45.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.40% of the stock is owned by corporate insiders.

SS&C Technologies Trading Up 0.3 %

NASDAQ SSNC traded up $0.23 during trading hours on Tuesday, reaching $77.10. The company's stock had a trading volume of 1,453,409 shares, compared to its average volume of 1,093,950. The firm has a fifty day simple moving average of $74.13 and a 200-day simple moving average of $69.52. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. SS&C Technologies Holdings, Inc. has a 52 week low of $55.45 and a 52 week high of $77.50. The stock has a market cap of $19.10 billion, a P/E ratio of 27.63 and a beta of 1.39.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.03. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.33%. SS&C Technologies's revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.04 earnings per share. Equities analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.30%. SS&C Technologies's payout ratio is 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.