SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Purchased by National Pension Service

National Pension Service raised its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 5.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 530,166 shares of the technology company's stock after acquiring an additional 27,336 shares during the period. National Pension Service owned approximately 0.21% of SS&C Technologies worth $39,344,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SSNC. Diamond Hill Capital Management Inc. raised its position in SS&C Technologies by 0.7% during the second quarter. Diamond Hill Capital Management Inc. now owns 7,798,723 shares of the technology company's stock worth $488,746,000 after acquiring an additional 53,080 shares during the period. Burgundy Asset Management Ltd. raised its position in shares of SS&C Technologies by 4.3% during the 2nd 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 during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of SS&C Technologies by 0.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,860,256 shares of the technology company's stock worth $248,485,000 after purchasing an additional 25,183 shares during the last quarter. Millennium Management LLC lifted its stake in SS&C Technologies by 49.2% in the 2nd quarter. Millennium Management LLC now owns 3,399,874 shares of the technology company's stock valued at $213,070,000 after buying an additional 1,120,961 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in SS&C Technologies by 14.9% in 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 during the last quarter. 96.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SSNC shares. Raymond James raised their target price 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. Needham & Company LLC restated a "buy" rating and issued a $90.00 price objective on shares of SS&C Technologies in a report on Friday, October 25th. Royal Bank of Canada upped their target price 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. StockNews.com upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Tuesday. Finally, DA Davidson restated a "buy" rating and set a $92.00 price target on shares of SS&C Technologies in a research report on Thursday, October 10th. Two analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $77.75.

Insider Transactions at SS&C Technologies

In other news, Director Smita Conjeevaram sold 48,500 shares of the firm's 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 sale, the director now owns 9,576 shares of the company's stock, valued at approximately $678,172.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Smita Conjeevaram sold 48,500 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $70.82, for a total value 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael Jay Zamkow sold 19,000 shares of the company's stock in a transaction on 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 completion of the transaction, the director now owns 22,576 shares of the company's stock, valued at $1,715,098.72. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 609,690 shares of company stock valued at $44,821,055. 15.40% of the stock is currently owned by corporate insiders.

SS&C Technologies Trading Up 0.6 %

Shares of SSNC stock traded up $0.42 on Thursday, hitting $74.59. 1,483,607 shares of the stock traded hands, compared to its average volume of 1,064,083. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. SS&C Technologies Holdings, Inc. has a twelve month low of $51.92 and a twelve month high of $77.02. The firm's 50-day moving average price is $73.96 and its two-hundred day moving average price is $68.32. The stock has a market capitalization of $18.47 billion, a PE ratio of 26.58 and a beta of 1.39.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share for the quarter, beating the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business posted $1.04 EPS. As a group, analysts anticipate 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. Shareholders of record on Tuesday, September 3rd were paid a $0.25 dividend. The ex-dividend date was Tuesday, September 3rd. This is a boost from SS&C Technologies's previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 1.34%. SS&C Technologies's dividend payout ratio (DPR) is currently 35.84%.

SS&C Technologies declared that its board has approved a stock 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 buy up to 5.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

SS&C Technologies 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.