Alhambra Investment Management LLC Buys New Shares in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Alhambra Investment Management LLC purchased a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the 4th quarter, HoldingsChannel reports. The firm purchased 4,806 shares of the technology company’s stock, valued at approximately $364,000.

A number of other hedge funds also recently bought and sold shares of SSNC. Janus Henderson Group PLC increased its stake in shares of SS&C Technologies by 5.4% during the third quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company’s stock worth $1,191,774,000 after buying an additional 817,501 shares during the period. State Street Corp increased its position in shares of SS&C Technologies by 2.2% in the 3rd quarter. State Street Corp now owns 5,624,174 shares of the technology company’s stock valued at $417,370,000 after purchasing an additional 121,223 shares during the last quarter. FMR LLC raised its holdings in shares of SS&C Technologies by 1.5% in the 3rd quarter. FMR LLC now owns 3,984,057 shares of the technology company’s stock valued at $295,657,000 after purchasing an additional 58,389 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of SS&C Technologies by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,621,022 shares of the technology company’s stock worth $268,075,000 after purchasing an additional 64,299 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of SS&C Technologies by 49.2% during the second quarter. Millennium Management LLC now owns 3,399,874 shares of the technology company’s stock worth $213,070,000 after purchasing an additional 1,120,961 shares in the last quarter. Institutional investors and hedge funds own 96.95% of the company’s stock.

Insider Activity

In related news, SVP Jason Douglas White sold 69,000 shares of the 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 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO William C. Stone sold 132,700 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $76.85, for a total transaction of $10,197,995.00. Following the completion of the sale, the chief executive officer now owns 31,837,926 shares of the company’s stock, valued at approximately $2,446,744,613.10. The trade was a 0.42 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 449,000 shares of company stock valued at $34,461,478. Company insiders own 15.40% of the company’s stock.

SS&C Technologies Stock Down 0.8 %

SSNC stock opened at $78.50 on Friday. The company has a market cap of $19.44 billion, a price-to-earnings ratio of 28.14 and a beta of 1.37. The company has a fifty day moving average price of $75.98 and a 200 day moving average price of $73.26. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. SS&C Technologies Holdings, Inc. has a 12 month low of $59.20 and a 12 month high of $79.59.

SS&C Technologies (NASDAQ:SSNC) last announced its 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 net margin of 12.26% and a return on equity of 17.33%. The business 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 earnings per share. The business’s revenue was up 7.3% compared to the same quarter last year. Sell-side analysts expect that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.27%. SS&C Technologies’s dividend payout ratio (DPR) is currently 35.84%.

Analysts Set New Price Targets

SSNC has been the subject of a number of recent analyst reports. 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. 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 research note on Friday, October 25th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of SS&C Technologies in a research note on Friday, October 25th. Finally, StockNews.com downgraded shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. 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 stock. Based on data from MarketBeat, SS&C Technologies has an average rating of “Moderate Buy” and a consensus target price 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.