SGL Investment Advisors Inc. Makes New Investment in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

SGL Investment Advisors Inc. acquired a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 58,706 shares of the technology company's stock, valued at approximately $4,358,000. SS&C Technologies makes up approximately 2.2% of SGL Investment Advisors Inc.'s holdings, making the stock its 18th biggest position.

Several other hedge funds and other institutional investors have also bought and sold shares of SSNC. Cetera Advisors LLC purchased a new position in shares of SS&C Technologies in the 1st quarter worth $343,000. CWM LLC lifted its stake in shares of SS&C Technologies by 130.1% in the 2nd quarter. CWM LLC now owns 7,792 shares of the technology company's stock worth $488,000 after purchasing an additional 4,406 shares during the period. Dynamic Advisor Solutions LLC grew its position in SS&C Technologies by 4.1% during the second quarter. Dynamic Advisor Solutions LLC now owns 7,045 shares of the technology company's stock valued at $442,000 after buying an additional 279 shares during the period. Meyer Handelman Co. purchased a new stake in SS&C Technologies during the second quarter valued at approximately $3,881,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in SS&C Technologies by 63.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,326 shares of the technology company's stock worth $396,000 after acquiring an additional 2,453 shares during the period. Institutional investors own 96.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. 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 note on Thursday, September 19th. 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. StockNews.com downgraded SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 15th. Needham & Company LLC restated a "buy" rating and set a $90.00 target price on shares of SS&C Technologies in a research note on Friday, October 25th. Finally, DA Davidson reiterated a "buy" rating and issued a $92.00 price target on shares of SS&C Technologies in a research report on Thursday, October 10th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $77.75.

SS&C Technologies Price Performance

Shares of SSNC stock traded down $0.83 during trading hours on Monday, hitting $75.29. The stock had a trading volume of 690,701 shares, compared to its average volume of 1,086,132. The stock's 50-day moving average price is $74.48 and its two-hundred day moving average price is $70.38. SS&C Technologies Holdings, Inc. has a one year low of $57.23 and a one year high of $77.69. The stock has a market capitalization of $18.65 billion, a price-to-earnings ratio of 27.28 and a beta of 1.38. 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 (NASDAQ:SSNC - Get Free Report) last posted its earnings results on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, beating analysts' consensus estimates of $1.26 by $0.03. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the company earned $1.04 EPS. Equities analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current year.

SS&C Technologies Announces Dividend

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 paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 1.33%. SS&C Technologies's payout ratio is currently 35.84%.

Insider Buying and Selling at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 19,000 shares of the company'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 transaction, the director now directly owns 22,576 shares in the company, valued at approximately $1,715,098.72. This represents a 45.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jason Douglas White sold 69,000 shares of the business's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total value of $5,317,830.00. Following the transaction, the senior vice president now owns 6,412 shares of the company's stock, valued at $494,172.84. This trade represents a 91.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 218,000 shares of company stock worth $16,560,660 over the last ninety days. 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.