Wilmington Savings Fund Society FSB Takes Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Wilmington Savings Fund Society FSB bought a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 31,347 shares of the technology company's stock, valued at approximately $2,326,000.

Other hedge funds have also made changes to their positions in the company. Sanctuary Advisors LLC increased its position in shares of SS&C Technologies by 7.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 33,375 shares of the technology company's stock worth $2,541,000 after purchasing an additional 2,287 shares during the last quarter. Boyar Asset Management Inc. acquired a new stake in shares of SS&C Technologies during the 3rd quarter valued at approximately $1,334,000. SkyView Investment Advisors LLC lifted its stake in SS&C Technologies by 2.2% during the third quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company's stock worth $475,000 after purchasing an additional 137 shares during the last quarter. Virtu Financial LLC acquired a new position in SS&C Technologies in the third quarter worth $372,000. Finally, Unigestion Holding SA acquired a new stake in shares of SS&C Technologies during the third quarter worth $736,000. Institutional investors and hedge funds own 96.95% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on SSNC. Royal Bank of Canada increased their price objective on shares of SS&C Technologies from $75.00 to $86.00 and gave the stock an "outperform" rating in a research note on Thursday, September 19th. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 target price on shares of SS&C Technologies in a research note on Friday, October 25th. 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. 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. Finally, DA Davidson reaffirmed a "buy" rating and set a $92.00 price target on shares of SS&C Technologies in a report on Thursday, October 10th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, 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 related news, CEO William C. Stone sold 132,700 shares of the firm's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $76.85, for a total transaction of $10,197,995.00. Following the completion of the transaction, the chief executive officer now owns 31,837,926 shares in the company, valued at $2,446,744,613.10. This trade represents a 0.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Jay Zamkow sold 19,000 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $75.97, for a total value of $1,443,430.00. Following the sale, the director now owns 22,576 shares in the company, valued at $1,715,098.72. The trade was a 45.70 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 598,000 shares of company stock valued at $45,704,308. Company insiders own 15.40% of the company's stock.

SS&C Technologies Price Performance

Shares of NASDAQ SSNC traded down $0.23 during trading 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 market cap of $18.99 billion, a P/E ratio of 27.48 and a beta of 1.38. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The business's 50-day moving average is $74.76 and its 200 day moving average is $70.77. SS&C Technologies Holdings, Inc. has a 52 week low of $58.79 and a 52 week high of $77.69.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its earnings results on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, beating the consensus estimate 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 business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the business posted $1.04 earnings per share. SS&C Technologies's revenue was up 7.3% compared to the same quarter last year. Equities research analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share 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 given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Monday, December 2nd. SS&C Technologies's payout ratio is 35.84%.

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.