Two Sigma Advisers LP Boosts Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Two Sigma Advisers LP increased its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 433.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 415,400 shares of the technology company's stock after buying an additional 337,600 shares during the period. Two Sigma Advisers LP owned about 0.17% of SS&C Technologies worth $30,827,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. State Street Corp grew its holdings in SS&C Technologies by 2.2% in the third quarter. State Street Corp now owns 5,624,174 shares of the technology company's stock worth $417,370,000 after purchasing an additional 121,223 shares during the last quarter. Stifel Financial Corp grew its holdings in SS&C Technologies by 2.4% in the third quarter. Stifel Financial Corp now owns 176,443 shares of the technology company's stock worth $13,094,000 after purchasing an additional 4,154 shares during the last quarter. Quantinno Capital Management LP grew its holdings in SS&C Technologies by 27.7% in the third quarter. Quantinno Capital Management LP now owns 77,773 shares of the technology company's stock worth $5,772,000 after purchasing an additional 16,850 shares during the last quarter. Quarry LP grew its holdings in SS&C Technologies by 6,292.9% in the third quarter. Quarry LP now owns 2,685 shares of the technology company's stock worth $199,000 after purchasing an additional 2,643 shares during the last quarter. Finally, Point72 DIFC Ltd purchased a new position in SS&C Technologies in the third quarter worth $2,219,000. Institutional investors own 96.95% of the company's stock.

SS&C Technologies Price Performance

Shares of SSNC traded down $0.35 during mid-day trading on Friday, hitting $76.12. 860,859 shares of the company were exchanged, compared to its average volume of 1,327,861. SS&C Technologies Holdings, Inc. has a 1-year low of $56.62 and a 1-year high of $77.69. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The company has a 50 day moving average of $74.48 and a 200-day moving average of $70.33. The stock has a market cap of $18.85 billion, a price-to-earnings ratio of 27.28 and a beta of 1.38.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly 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. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.33%. The business had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter in the prior year, the company posted $1.04 EPS. The business's revenue for the quarter was up 7.3% on a year-over-year basis. Analysts expect that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.31%. SS&C Technologies's payout ratio is currently 35.84%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Raymond James lifted their price target 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. StockNews.com lowered shares of SS&C Technologies from a "strong-buy" rating to a "buy" rating in a report on Friday, November 15th. DA Davidson reissued a "buy" rating and set a $92.00 price objective on shares of SS&C Technologies in a report on Thursday, October 10th. Needham & Company LLC reissued a "buy" rating and set a $90.00 price objective on shares of SS&C Technologies in a report on Friday, October 25th. Finally, Royal Bank of Canada boosted their price objective on shares of SS&C Technologies from $75.00 to $86.00 and gave the company an "outperform" rating in a report on Thursday, September 19th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $77.75.

Insider Buying and Selling

In other SS&C Technologies news, SVP Jason Douglas White sold 69,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the sale, the senior vice president now directly owns 6,412 shares in the company, valued at $494,172.84. This represents a 91.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Normand A. Boulanger sold 130,000 shares of the firm's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $75.38, for a total transaction of $9,799,400.00. Following the completion of the sale, the director now owns 333,576 shares in the company, valued at $25,144,958.88. The trade was a 28.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 218,000 shares of company stock valued at $16,560,660. 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.