Bamco Inc. NY Sells 12,742 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Bamco Inc. NY lowered its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 2.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 629,856 shares of the technology company's stock after selling 12,742 shares during the period. Bamco Inc. NY owned 0.25% of SS&C Technologies worth $46,742,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Millennium Management LLC increased its holdings in shares of SS&C Technologies by 49.2% in the second quarter. Millennium Management LLC now owns 3,399,874 shares of the technology company's stock worth $213,070,000 after purchasing an additional 1,120,961 shares during the period. AQR Capital Management LLC increased its stake in SS&C Technologies by 82.1% in the 2nd quarter. AQR Capital Management LLC now owns 1,267,057 shares of the technology company's stock worth $78,900,000 after acquiring an additional 571,334 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of SS&C Technologies by 14.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,696,702 shares of the technology company's stock valued at $168,995,000 after acquiring an additional 349,911 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of SS&C Technologies by 29.7% during the second quarter. Victory Capital Management Inc. now owns 1,269,116 shares of the technology company's stock worth $79,536,000 after purchasing an additional 290,496 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of SS&C Technologies by 44.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 897,198 shares of the technology company's stock worth $66,581,000 after purchasing an additional 275,186 shares during the last quarter. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

SS&C Technologies Trading Down 0.4 %

SS&C Technologies stock traded down $0.28 during trading hours on Tuesday, reaching $76.70. The stock had a trading volume of 847,212 shares, compared to its average volume of 1,089,709. The company has a fifty day simple moving average of $74.33 and a 200-day simple moving average of $70.10. SS&C Technologies Holdings, Inc. has a 52 week low of $56.10 and a 52 week high of $77.69. The stock has a market cap of $19.00 billion, a PE ratio of 27.49 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.03. The company had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.44 billion. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. SS&C Technologies's quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm earned $1.04 earnings per share. Analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Monday, December 2nd. SS&C Technologies's payout ratio is 35.84%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SSNC shares. 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. StockNews.com lowered shares of SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 15th. 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. Raymond James upped their price objective on SS&C Technologies from $79.00 to $85.00 and gave the stock a "strong-buy" rating in a report on Friday, October 25th. Finally, 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. 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $77.75.

Insider Activity at SS&C Technologies

In other SS&C Technologies news, Director Normand A. Boulanger sold 130,000 shares of the firm's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $75.38, for a total value of $9,799,400.00. Following the completion of the sale, the director now directly owns 333,576 shares in the company, valued at $25,144,958.88. This trade represents a 28.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael Jay Zamkow sold 19,000 shares of SS&C Technologies stock in a transaction that occurred on 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 sale, the director now directly owns 22,576 shares in the company, valued at approximately $1,715,098.72. The trade was a 45.70 % decrease in their ownership of the stock. 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 quarter. Corporate insiders own 15.40% of the company's stock.

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.