SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Position Reduced by Bamco Inc. NY

Bamco Inc. NY trimmed its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 629,856 shares of the technology company’s stock after selling 12,742 shares during the quarter. Bamco Inc. NY’s holdings in SS&C Technologies were worth $46,742,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of SSNC. Innealta Capital LLC acquired a new stake in SS&C Technologies during the second quarter worth about $26,000. Ashton Thomas Private Wealth LLC bought a new position in shares of SS&C Technologies during the second quarter valued at approximately $35,000. Benjamin Edwards Inc. raised its position in shares of 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. bought a new stake in shares of SS&C Technologies in the 2nd quarter worth approximately $47,000. Finally, Capital Performance Advisors LLP acquired a new position in SS&C Technologies during the 3rd quarter valued at approximately $68,000. 96.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity at SS&C Technologies

In other news, SVP Jason Douglas White sold 69,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was 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 directly owns 6,412 shares of the company’s stock, valued at $494,172.84. This represents a 91.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Normand A. Boulanger sold 130,000 shares of SS&C Technologies stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $75.38, for a total value of $9,799,400.00. Following the completion of the transaction, the director now directly owns 333,576 shares in the company, valued at $25,144,958.88. This represents a 28.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 218,000 shares of company stock valued at $16,560,660 over the last ninety days. Insiders own 15.40% of the company’s stock.

SS&C Technologies Stock Down 0.1 %

Shares of SSNC stock opened at $76.98 on Tuesday. SS&C Technologies Holdings, Inc. has a 1 year low of $56.10 and a 1 year high of $77.69. 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 fifty day moving average is $74.29 and its 200-day moving average is $70.01. The stock has a market cap of $19.07 billion, a PE ratio of 27.59 and a beta of 1.38.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share 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 analysts’ expectations of $1.44 billion. During the same quarter last year, the business posted $1.04 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Equities analysts expect that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.30%. SS&C Technologies’s payout ratio is currently 35.84%.

Wall Street Analyst Weigh In

SSNC has been the topic of a number of recent research reports. Royal Bank of Canada raised their target price 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 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 issued a $90.00 price target on shares of SS&C Technologies in a research note on Friday, October 25th. DA Davidson reiterated a “buy” rating and set a $92.00 price objective on shares of SS&C Technologies in a research report on Thursday, October 10th. Finally, StockNews.com cut SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. Two investment 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 stock. Based on data from MarketBeat, SS&C Technologies currently has a consensus rating of “Moderate Buy” and an average 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.