Brooklyn Investment Group Invests $73,000 in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Brooklyn Investment Group purchased a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 985 shares of the technology company’s stock, valued at approximately $73,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SSNC. Millennium Management LLC grew its holdings in shares of SS&C Technologies by 49.2% during the 2nd quarter. Millennium Management LLC now owns 3,399,874 shares of the technology company’s stock valued at $213,070,000 after acquiring an additional 1,120,961 shares in the last quarter. AQR Capital Management LLC boosted its holdings in SS&C Technologies by 82.1% during the second quarter. AQR Capital Management LLC now owns 1,267,057 shares of the technology company’s stock valued at $78,900,000 after acquiring an additional 571,334 shares during the period. Dimensional Fund Advisors LP boosted its holdings in SS&C Technologies by 14.9% during the second 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 period. Victory Capital Management Inc. raised its position 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 valued at $79,536,000 after buying an additional 290,496 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of SS&C Technologies by 44.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 897,198 shares of the technology company’s stock valued at $66,581,000 after buying 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 Up 0.3 %

Shares of SSNC stock opened at $77.36 on Friday. The stock’s fifty day moving average price is $74.20 and its two-hundred day moving average price is $69.67. The company has a market cap of $19.16 billion, a PE ratio of 27.73 and a beta of 1.39. SS&C Technologies Holdings, Inc. has a fifty-two week low of $55.57 and a fifty-two week high of $77.53. 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) last announced its quarterly earnings results on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the prior year, the company earned $1.04 EPS. SS&C Technologies’s revenue was up 7.3% compared to the same quarter last year. Equities analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently disclosed 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. This represents a $1.00 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Monday, December 2nd. SS&C Technologies’s dividend payout ratio (DPR) is presently 35.84%.

Insider Transactions at SS&C Technologies

In other news, SVP Jason Douglas White sold 69,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total value of $5,317,830.00. Following the transaction, the senior vice president now owns 6,412 shares in the company, valued at $494,172.84. The trade was a 91.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Jay Zamkow sold 19,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, 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. In the last ninety days, insiders sold 218,000 shares of company stock valued at $16,560,660. Corporate insiders own 15.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. 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 reaffirmed a “buy” rating and issued a $92.00 price objective on shares of SS&C Technologies in a research note on Thursday, October 10th. Raymond James increased their target price on shares of SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of SS&C Technologies in a report on Friday, October 25th. Finally, Royal Bank of Canada raised their price objective on shares of SS&C Technologies from $75.00 to $86.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $77.75.

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.