Geode Capital Management LLC Buys 64,299 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Geode Capital Management LLC lifted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 1.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,621,022 shares of the technology company’s stock after buying an additional 64,299 shares during the quarter. Geode Capital Management LLC’s holdings in SS&C Technologies were worth $268,075,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Executive Wealth Management LLC bought a new stake in SS&C Technologies during the 3rd quarter valued at approximately $7,212,000. Guardian Wealth Management Inc. boosted its position in shares of SS&C Technologies by 1.3% during the third quarter. Guardian Wealth Management Inc. now owns 33,943 shares of the technology company’s stock valued at $2,519,000 after purchasing an additional 432 shares in the last quarter. LRI Investments LLC boosted its position in shares of SS&C Technologies by 299.3% during the third quarter. LRI Investments LLC now owns 22,598 shares of the technology company’s stock valued at $1,677,000 after purchasing an additional 16,939 shares in the last quarter. SGL Investment Advisors Inc. bought a new position in SS&C Technologies in the third quarter worth $4,358,000. Finally, Groupama Asset Managment raised its holdings in SS&C Technologies by 0.8% in the third quarter. Groupama Asset Managment now owns 30,763 shares of the technology company’s stock worth $2,283,000 after purchasing an additional 256 shares in the last quarter. 96.95% of the stock is owned by institutional investors.

SS&C Technologies Stock Down 0.3 %

SS&C Technologies stock opened at $76.67 on Friday. The firm has a market cap of $18.99 billion, a price-to-earnings ratio of 27.48 and a beta of 1.38. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a 12 month low of $58.79 and a 12 month high of $77.69. The stock has a fifty day simple moving average of $74.76 and a two-hundred day simple moving average of $70.84.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.03. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. SS&C Technologies’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.04 EPS. Equities analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The business 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. This represents a $1.00 annualized dividend and a yield of 1.30%. The ex-dividend date is Monday, December 2nd. SS&C Technologies’s dividend payout ratio is currently 35.84%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Royal Bank of Canada upped their target price on shares of SS&C Technologies from $75.00 to $86.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. StockNews.com cut shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. DA Davidson reiterated a “buy” rating and set a $92.00 target price on shares of SS&C Technologies in a report on Thursday, October 10th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price target on shares of SS&C Technologies in a research report on Friday, October 25th. Finally, Raymond James raised their price objective on SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a research report on Friday, October 25th. Two equities research 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. Based on data from MarketBeat.com, SS&C Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $77.75.

Insiders Place Their Bets

In related news, SVP Jason Douglas White sold 69,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were 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 owns 6,412 shares of the company’s stock, valued at approximately $494,172.84. This trade represents a 91.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO William C. Stone sold 132,700 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 31,837,926 shares of the company’s stock, valued at approximately $2,446,744,613.10. This represents a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 598,000 shares of company stock valued at $45,704,308. Company insiders own 15.40% of the company’s stock.

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.