SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Purchased by Point72 Asset Management L.P.

Point72 Asset Management L.P. lifted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 250.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 593,700 shares of the technology company's stock after buying an additional 424,487 shares during the quarter. Point72 Asset Management L.P. owned approximately 0.24% of SS&C Technologies worth $44,058,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SSNC. Prana Capital Management LP increased its holdings in shares of SS&C Technologies by 105.3% during the 3rd quarter. Prana Capital Management LP now owns 107,416 shares of the technology company's stock valued at $7,971,000 after purchasing an additional 55,106 shares in the last quarter. Investment Management Corp of Ontario increased its holdings in SS&C Technologies by 48.2% in the third quarter. Investment Management Corp of Ontario now owns 7,375 shares of the technology company's stock valued at $547,000 after buying an additional 2,400 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of SS&C Technologies by 5.4% in the third quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company's stock worth $1,191,774,000 after acquiring an additional 817,501 shares during the period. Centiva Capital LP acquired a new position in shares of SS&C Technologies in the third quarter worth about $888,000. Finally, Benjamin Edwards Inc. boosted its position in SS&C Technologies by 8,607.6% during the third quarter. Benjamin Edwards Inc. now owns 58,776 shares of the technology company's stock worth $4,362,000 after purchasing an additional 58,101 shares in the last quarter. 96.95% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Trading Down 0.6 %

SS&C Technologies stock traded down $0.44 during trading on Thursday, reaching $76.47. 974,947 shares of the company were exchanged, compared to its average volume of 1,088,892. The stock's 50 day simple moving average is $74.43 and its two-hundred day simple moving average is $70.19. The company has a market capitalization of $18.94 billion, a P/E ratio of 27.41 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 Holdings, Inc. has a 52-week low of $56.62 and a 52-week high of $77.69.

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

SS&C Technologies Dividend Announcement

The company 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 is Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.31%. SS&C Technologies's dividend payout ratio (DPR) is 35.84%.

Insider Transactions at SS&C Technologies

In related news, SVP Jason Douglas White sold 69,000 shares of the business's stock in a transaction dated 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 sale, the senior vice president now directly owns 6,412 shares in the company, valued at approximately $494,172.84. The trade was a 91.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Normand A. Boulanger sold 130,000 shares of the 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 transaction, the director now directly owns 333,576 shares of the company's stock, valued at approximately $25,144,958.88. This trade represents a 28.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 218,000 shares of company stock worth $16,560,660 in the last 90 days. Insiders own 15.40% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Needham & Company LLC reissued a "buy" rating and issued a $90.00 price target on shares of SS&C Technologies in a research note on Friday, October 25th. Royal Bank of Canada lifted their target price on shares of SS&C Technologies from $75.00 to $86.00 and gave the company an "outperform" rating in a research report on Thursday, September 19th. 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. StockNews.com cut SS&C Technologies from a "strong-buy" rating to a "buy" rating in a report on Friday, November 15th. Finally, Raymond James increased their target price on SS&C Technologies from $79.00 to $85.00 and gave the company a "strong-buy" rating in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate 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.