Boston Family Office LLC Invests $211,000 in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Boston Family Office LLC acquired a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the third quarter, HoldingsChannel reports. The firm acquired 2,840 shares of the technology company’s stock, valued at approximately $211,000.

Several other institutional investors have also recently added to or reduced their stakes in SSNC. Innealta Capital LLC purchased a new stake in shares of SS&C Technologies during the second quarter worth about $26,000. Ashton Thomas Private Wealth LLC acquired a new position in SS&C Technologies in the 2nd quarter valued at $35,000. Benjamin Edwards Inc. lifted its stake 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. Versant Capital Management Inc lifted its stake in shares of SS&C Technologies by 6,300.0% during the 2nd quarter. Versant Capital Management Inc now owns 704 shares of the technology company’s stock worth $44,000 after purchasing an additional 693 shares during the period. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of SS&C Technologies during the second quarter worth $47,000. Institutional investors and hedge funds own 96.95% of the company’s stock.

Insider Buying and Selling

In other SS&C Technologies news, Director Michael Jay Zamkow sold 19,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $75.97, for a total value of $1,443,430.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Normand A. Boulanger sold 130,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $75.38, for a total value of $9,799,400.00. Following the transaction, the director now directly owns 333,576 shares of the company’s stock, valued at $25,144,958.88. This trade represents a 28.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have commented on SSNC. DA Davidson restated a “buy” rating and issued a $92.00 price target on shares of SS&C Technologies in a report on Thursday, October 10th. Royal Bank of Canada lifted their target price on SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. Raymond James raised their price target on shares of SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price target on shares of SS&C Technologies in a research report on Friday, October 25th. Finally, 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. Two 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $77.75.

SS&C Technologies Stock Up 1.0 %

Shares of NASDAQ SSNC opened at $76.87 on Tuesday. SS&C Technologies Holdings, Inc. has a 1 year low of $55.45 and a 1 year high of $77.50. 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 firm has a market cap of $19.04 billion, a price-to-earnings ratio of 27.55 and a beta of 1.39. The stock’s 50-day simple moving average is $74.11 and its 200-day simple moving average is $69.42.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.03. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.44 billion. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.33%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.04 EPS. As a group, equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

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

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.