Tidal Investments LLC Raises Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Tidal Investments LLC boosted its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 111.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 87,897 shares of the technology company's stock after buying an additional 46,323 shares during the period. Tidal Investments LLC's holdings in SS&C Technologies were worth $6,523,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Innealta Capital LLC purchased a new stake in shares of SS&C Technologies in the 2nd quarter valued at $26,000. Ashton Thomas Private Wealth LLC acquired a new stake in SS&C Technologies during the 2nd quarter worth about $35,000. Benjamin Edwards Inc. grew its position in SS&C Technologies by 43.3% during the 2nd quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company's stock worth $42,000 after purchasing an additional 204 shares during the period. 1620 Investment Advisors Inc. purchased a new position in shares of SS&C Technologies during 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 about $68,000. Institutional investors and hedge funds own 96.95% of the company's stock.

SS&C Technologies Price Performance

NASDAQ SSNC traded down $0.23 on Friday, hitting $76.67. The company had a trading volume of 779,522 shares, compared to its average volume of 1,092,961. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The company's fifty day moving average price is $74.76 and its 200-day moving average price is $70.77. The company has a market capitalization of $18.99 billion, a PE ratio of 27.48 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a 12-month low of $58.79 and a 12-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 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.03. The business had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.44 billion. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.33%. The company's quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.04 earnings per share. As a group, analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current year.

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.25 dividend. The ex-dividend date of this dividend 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 presently 35.84%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. StockNews.com lowered SS&C Technologies from a "strong-buy" rating to a "buy" rating in a report on Friday, November 15th. DA Davidson reaffirmed a "buy" rating and set a $92.00 price objective on shares of SS&C Technologies in a research note on Thursday, October 10th. Raymond James boosted their target price on shares of SS&C Technologies from $79.00 to $85.00 and gave the company a "strong-buy" rating in a research note on Friday, October 25th. Needham & Company LLC restated 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, Royal Bank of Canada lifted 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 research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $77.75.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, SVP Jason Douglas White sold 69,000 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total value 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 represents a 91.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William C. Stone sold 247,300 shares of the firm's stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $76.61, for a total transaction of $18,945,653.00. Following the completion of the transaction, the chief executive officer now directly owns 31,837,926 shares in the company, valued at $2,439,103,510.86. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 598,000 shares of company stock valued at $45,704,308 over the last ninety days. 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.