Bridgewater Associates LP Reduces Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Bridgewater Associates LP trimmed its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 94.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,102 shares of the technology company's stock after selling 72,641 shares during the quarter. Bridgewater Associates LP's holdings in SS&C Technologies were worth $304,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new position in SS&C Technologies in the 2nd quarter valued at $26,000. Ashton Thomas Private Wealth LLC bought a new stake in SS&C Technologies during the second quarter worth about $35,000. Benjamin Edwards Inc. grew its stake in SS&C Technologies by 43.3% during the second quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company's stock worth $42,000 after buying an additional 204 shares in the last quarter. 1620 Investment Advisors Inc. bought a new position in SS&C Technologies in the 2nd quarter valued at about $47,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of SS&C Technologies in the 3rd quarter valued at approximately $68,000. Institutional investors own 96.95% of the company's stock.

Insider Activity

In related news, SVP Jason Douglas White sold 69,000 shares of the firm's stock in a transaction dated 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 completion of the sale, the senior vice president now owns 6,412 shares in the company, valued at approximately $494,172.84. This trade represents a 91.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Normand A. Boulanger sold 130,000 shares of the business's stock in a transaction dated 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 transaction, the director now owns 333,576 shares in the company, valued at approximately $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. Insiders have sold 218,000 shares of company stock worth $16,560,660 over the last 90 days. 15.40% of the stock is currently owned by corporate insiders.

SS&C Technologies Stock Up 0.1 %

Shares of SS&C Technologies stock traded up $0.04 during trading on Wednesday, reaching $76.74. 287,734 shares of the company traded hands, compared to its average volume of 1,086,200. The firm has a market capitalization of $19.01 billion, a PE ratio of 27.49 and a beta of 1.38. The company has a 50 day moving average price of $74.33 and a 200-day moving average price of $70.10. 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 1-year low of $56.10 and a 1-year high of $77.69.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same period last year, the business earned $1.04 EPS. SS&C Technologies's quarterly revenue was up 7.3% compared to the same quarter last year. As a group, 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.25 per share. 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 dividend payout ratio is currently 35.84%.

Analyst Upgrades and Downgrades

SSNC has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $90.00 price objective on shares of SS&C Technologies in a research note on Friday, October 25th. DA Davidson reissued a "buy" rating and set a $92.00 price target on shares of SS&C Technologies in a report on Thursday, October 10th. Royal Bank of Canada raised their price objective on SS&C Technologies from $75.00 to $86.00 and gave the company an "outperform" rating in a research note on Thursday, September 19th. Raymond James boosted their target price on SS&C Technologies from $79.00 to $85.00 and gave the stock a "strong-buy" rating in a research note on Friday, October 25th. Finally, StockNews.com downgraded shares of SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently 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.