Swedbank AB Buys 16,971 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Swedbank AB raised its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 1.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,491,961 shares of the technology company's stock after acquiring an additional 16,971 shares during the quarter. Swedbank AB owned approximately 0.60% of SS&C Technologies worth $110,718,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cerity Partners LLC boosted its holdings in SS&C Technologies by 148.3% in the third quarter. Cerity Partners LLC now owns 63,973 shares of the technology company's stock valued at $4,747,000 after acquiring an additional 38,211 shares in the last quarter. Raymond James Trust N.A. lifted its position in shares of SS&C Technologies by 2.5% in the 3rd quarter. Raymond James Trust N.A. now owns 21,683 shares of the technology company's stock worth $1,609,000 after purchasing an additional 538 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of SS&C Technologies by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 795,012 shares of the technology company's stock valued at $58,998,000 after purchasing an additional 3,881 shares in the last quarter. Integrated Investment Consultants LLC boosted its position in SS&C Technologies by 2.1% during the 3rd quarter. Integrated Investment Consultants LLC now owns 20,320 shares of the technology company's stock valued at $1,508,000 after acquiring an additional 419 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC purchased a new position in shares of SS&C Technologies during the 3rd quarter worth approximately $2,412,000. 96.95% of the stock is owned by institutional investors.

SS&C Technologies Stock Performance

Shares of NASDAQ:SSNC traded up $0.75 during midday trading on Monday, reaching $76.87. 2,182,327 shares of the company's stock traded hands, compared to its average volume of 1,091,169. SS&C Technologies Holdings, Inc. has a one year low of $55.45 and a one year high of $77.50. The stock has a 50 day moving average of $74.11 and a 200 day moving average of $69.42. The company has a market cap of $19.04 billion, a price-to-earnings ratio of 27.55 and a beta of 1.39. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share (EPS) 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 company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the business posted $1.04 earnings per share. The firm's quarterly revenue was up 7.3% compared to the same quarter last year. As a group, equities research analysts anticipate 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. 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 1.30%. SS&C Technologies's dividend payout ratio (DPR) is 35.84%.

Insider Activity at SS&C Technologies

In other news, 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Jay Zamkow sold 19,000 shares of SS&C Technologies stock in a transaction on Friday, September 20th. The shares were sold at an average price of $75.97, for a total transaction of $1,443,430.00. Following the transaction, the director now owns 22,576 shares in the company, valued at approximately $1,715,098.72. This trade represents a 45.70 % decrease in their position. The disclosure for this sale can be found here. 15.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SSNC shares. Needham & Company LLC reissued a "buy" rating and set a $90.00 price target on shares of SS&C Technologies in a research report on Friday, October 25th. Raymond James boosted their price target on SS&C Technologies from $79.00 to $85.00 and gave the stock a "strong-buy" rating in a research report on Friday, October 25th. StockNews.com lowered SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 15th. DA Davidson reiterated a "buy" rating and set a $92.00 price objective on shares of SS&C Technologies in a research note on Thursday, October 10th. Finally, Royal Bank of Canada increased their target price on SS&C Technologies from $75.00 to $86.00 and gave the stock an "outperform" rating in a research note on Thursday, September 19th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $77.75.

About SS&C Technologies

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.