SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank lifted its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 26.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,136 shares of the technology company's stock after buying an additional 6,721 shares during the period. Toronto Dominion Bank's holdings in SS&C Technologies were worth $2,385,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Innealta Capital LLC purchased a new position in shares of SS&C Technologies during the 2nd quarter worth $26,000. Ashton Thomas Private Wealth LLC purchased a new position in SS&C Technologies during the second quarter worth about $35,000. Benjamin Edwards Inc. boosted its holdings in 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 purchasing an additional 204 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new stake in shares of SS&C Technologies in the 2nd quarter valued at approximately $47,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of SS&C Technologies during the 3rd quarter worth approximately $68,000. 96.95% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Stock Down 0.3 %

SS&C Technologies stock traded down $0.26 during mid-day trading on Monday, reaching $76.41. 952,157 shares of the company's stock were exchanged, compared to its average volume of 1,092,379. The company has a fifty day moving average of $74.76 and a 200-day moving average of $70.91. The company has a market cap of $18.93 billion, a P/E ratio of 27.45 and a beta of 1.38. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a twelve month low of $58.79 and a twelve month high of $77.69.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the firm earned $1.04 earnings per share. The business's quarterly revenue was up 7.3% compared to the same quarter last year. Sell-side analysts expect that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current year.

SS&C Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors 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 dividend on an annualized basis and a dividend yield of 1.31%. SS&C Technologies's payout ratio is currently 35.84%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SSNC. StockNews.com lowered SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 15th. Royal Bank of Canada raised 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. DA Davidson reaffirmed a "buy" rating and issued a $92.00 target price on shares of SS&C Technologies in a research report on Thursday, October 10th. Needham & Company LLC reiterated a "buy" rating and set a $90.00 price target on shares of SS&C Technologies in a research report on Friday, October 25th. Finally, Raymond James upped their price objective 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. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $77.75.

Insider Activity at SS&C Technologies

In other news, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies stock in a transaction dated Tuesday, November 26th. The stock was 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 owns 6,412 shares in the company, valued at approximately $494,172.84. The trade was a 91.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $1,443,430.00. Following the completion of the sale, the director now directly owns 22,576 shares of the company's stock, valued at approximately $1,715,098.72. This trade represents a 45.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 468,000 shares of company stock valued at $35,904,908 over the last quarter. 15.40% of the stock is owned by insiders.

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.