Benjamin Edwards Inc. Acquires 58,101 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Benjamin Edwards Inc. boosted its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 8,607.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,776 shares of the technology company’s stock after acquiring an additional 58,101 shares during the quarter. Benjamin Edwards Inc.’s holdings in SS&C Technologies were worth $4,362,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SSNC. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of SS&C Technologies by 444.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,196 shares of the technology company’s stock valued at $311,000 after purchasing an additional 3,425 shares during the period. Point72 Hong Kong Ltd acquired a new stake in SS&C Technologies in the 3rd quarter valued at $4,076,000. Progeny 3 Inc. grew its position in SS&C Technologies by 4.0% in the third quarter. Progeny 3 Inc. now owns 781,600 shares of the technology company’s stock valued at $58,003,000 after acquiring an additional 30,000 shares during the period. Verition Fund Management LLC raised its stake in SS&C Technologies by 937.6% during the third quarter. Verition Fund Management LLC now owns 42,450 shares of the technology company’s stock worth $3,150,000 after acquiring an additional 38,359 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of SS&C Technologies by 11.1% during the third quarter. Captrust Financial Advisors now owns 8,018 shares of the technology company’s stock valued at $595,000 after acquiring an additional 801 shares during the period. Institutional investors and hedge funds own 96.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SSNC. StockNews.com lowered shares of 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 report on Thursday, October 10th. Raymond James boosted their target price on SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. Royal Bank of Canada raised their price target on SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $90.00 price objective on shares of SS&C Technologies in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.75.

SS&C Technologies Stock Down 0.4 %

NASDAQ SSNC opened at $76.70 on Wednesday. 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 Holdings, Inc. has a 52 week low of $56.10 and a 52 week high of $77.69. The stock has a market capitalization of $19.00 billion, a P/E ratio of 27.49 and a beta of 1.38. The stock has a fifty day moving average of $74.33 and a 200-day moving average of $70.10.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the company posted $1.04 EPS. The company’s revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current year.

SS&C Technologies Dividend Announcement

The business also recently declared 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 is currently 35.84%.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, Director Michael Jay Zamkow sold 19,000 shares of SS&C Technologies stock in a transaction dated 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 of the company’s stock, valued at $1,715,098.72. This trade represents a 45.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Jason Douglas White sold 69,000 shares of the company’s stock in a transaction dated 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 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 218,000 shares of company stock worth $16,560,660. 15.40% of the stock is currently owned by company insiders.

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.