SGL Investment Advisors Inc. Acquires New Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

SGL Investment Advisors Inc. acquired a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 58,706 shares of the technology company’s stock, valued at approximately $4,358,000. SS&C Technologies makes up 2.2% of SGL Investment Advisors Inc.’s portfolio, making the stock its 18th biggest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SSNC. Innealta Capital LLC acquired a new position in SS&C Technologies during the second quarter valued at $26,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of SS&C Technologies in the 2nd quarter valued at about $35,000. Benjamin Edwards Inc. boosted its stake in shares of SS&C Technologies by 43.3% in the second quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company’s stock worth $42,000 after buying an additional 204 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in SS&C Technologies during the second quarter worth about $47,000. Finally, Capital Performance Advisors LLP acquired a new position in SS&C Technologies in the third quarter valued at approximately $68,000. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of SS&C Technologies in a research note on Friday, October 25th. Raymond James increased their price objective on 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. Royal Bank of Canada upped their price objective on shares of SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. DA Davidson reissued a “buy” rating and set a $92.00 target price on shares of SS&C Technologies in a research note on Thursday, October 10th. Finally, StockNews.com lowered shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $77.75.

SS&C Technologies Stock Performance

Shares of SSNC stock opened at $76.12 on Monday. The firm has a market cap of $18.85 billion, a price-to-earnings ratio of 27.28 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. SS&C Technologies Holdings, Inc. has a 1 year low of $56.62 and a 1 year high of $77.69. The stock’s 50-day moving average is $74.48 and its two-hundred day moving average is $70.38.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the business posted $1.04 earnings per share. The business’s revenue was up 7.3% compared to the same quarter last year. 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 disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 1.31%. SS&C Technologies’s dividend payout ratio is presently 35.84%.

Insider Buying and Selling at SS&C Technologies

In other news, SVP Jason Douglas White sold 69,000 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the completion of the transaction, the senior vice president now owns 6,412 shares of the company’s stock, valued at $494,172.84. This represents a 91.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael Jay Zamkow sold 19,000 shares of the firm’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 transaction of $1,443,430.00. Following the completion of the sale, the director now directly owns 22,576 shares in the company, valued at $1,715,098.72. This represents a 45.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 218,000 shares of company stock valued at $16,560,660. 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.