Valley National Advisers Inc. Buys 778 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Valley National Advisers Inc. boosted its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 17.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,133 shares of the technology company’s stock after purchasing an additional 778 shares during the period. Valley National Advisers Inc.’s holdings in SS&C Technologies were worth $330,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Pzena Investment Management LLC raised its stake in shares of SS&C Technologies by 1.7% in the fourth quarter. Pzena Investment Management LLC now owns 14,472,892 shares of the technology company’s stock valued at $884,438,000 after buying an additional 243,444 shares during the period. Burgundy Asset Management Ltd. lifted its position in shares of SS&C Technologies by 2.2% during the fourth quarter. Burgundy Asset Management Ltd. now owns 4,716,792 shares of the technology company’s stock worth $288,243,000 after acquiring an additional 101,948 shares in the last quarter. Franklin Resources Inc. lifted its holdings in SS&C Technologies by 1.5% during the 4th quarter. Franklin Resources Inc. now owns 3,871,753 shares of the technology company’s stock worth $236,603,000 after purchasing an additional 56,002 shares in the last quarter. Norges Bank purchased a new stake in shares of SS&C Technologies in the fourth quarter worth about $168,860,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of SS&C Technologies by 9.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,310,330 shares of the technology company’s stock valued at $141,190,000 after acquiring an additional 199,780 shares during the period. Institutional investors own 96.95% of the company’s stock.

Wall Street Analyst Weigh In

SSNC has been the topic of several recent analyst reports. DA Davidson reiterated a “buy” rating and issued a $78.00 target price on shares of SS&C Technologies in a research note on Tuesday, April 16th. Jefferies Financial Group increased their price objective on SS&C Technologies from $54.00 to $61.00 and gave the stock a “hold” rating in a research report on Monday, April 29th. Finally, Needham & Company LLC boosted their target price on SS&C Technologies from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.20.

SS&C Technologies Trading Up 0.5 %

Shares of SSNC opened at $62.76 on Thursday. SS&C Technologies Holdings, Inc. has a 1-year low of $46.61 and a 1-year high of $65.86. The firm has a market capitalization of $15.52 billion, a price-to-earnings ratio of 25.00 and a beta of 1.38. The firm’s 50-day moving average price is $62.19 and its 200-day moving average price is $61.99. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, April 25th. The technology company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.03. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. SS&C Technologies had a return on equity of 17.10% and a net margin of 11.46%. Sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current year.

SS&C Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend was Monday, June 3rd. SS&C Technologies’s payout ratio is 38.25%.

Insiders Place Their Bets

In other news, Director Michael Jay Zamkow sold 7,500 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $60.46, for a total transaction of $453,450.00. Following the completion of the transaction, the director now directly owns 41,576 shares in the company, valued at $2,513,684.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have sold 32,500 shares of company stock valued at $2,027,750. 15.40% of the stock is currently owned by corporate insiders.

About SS&C Technologies

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.