SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Stock Holdings Boosted by SkyView Investment Advisors LLC

SkyView Investment Advisors LLC boosted its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 9.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,263 shares of the technology company’s stock after purchasing an additional 546 shares during the quarter. SkyView Investment Advisors LLC’s holdings in SS&C Technologies were worth $393,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SSNC. Swedbank AB acquired a new stake in shares of SS&C Technologies in the first quarter valued at approximately $94,939,000. Millennium Management LLC increased its position in SS&C Technologies by 49.2% in the 2nd quarter. Millennium Management LLC now owns 3,399,874 shares of the technology company’s stock valued at $213,070,000 after acquiring an additional 1,120,961 shares during the period. Junto Capital Management LP raised its stake in SS&C Technologies by 183.0% during the 4th quarter. Junto Capital Management LP now owns 1,471,190 shares of the technology company’s stock valued at $89,904,000 after acquiring an additional 951,269 shares in the last quarter. AQR Capital Management LLC raised its stake in SS&C Technologies by 82.1% during the 2nd quarter. AQR Capital Management LLC now owns 1,267,057 shares of the technology company’s stock valued at $78,900,000 after acquiring an additional 571,334 shares in the last quarter. Finally, Capital International Investors boosted its position in SS&C Technologies by 111.1% during the 1st quarter. Capital International Investors now owns 1,071,540 shares of the technology company’s stock worth $68,975,000 after acquiring an additional 564,017 shares during the period. 96.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SSNC has been the topic of a number of research analyst reports. Royal Bank of Canada raised their price target on SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. Needham & Company LLC raised their target price on shares of SS&C Technologies from $81.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Finally, DA Davidson upped their price target on shares of SS&C Technologies from $88.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $73.75.

Insider Activity

In related news, Director Smita Conjeevaram sold 48,500 shares of SS&C Technologies stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $70.82, for a total value of $3,434,770.00. Following the transaction, the director now owns 9,576 shares of the company’s stock, valued at approximately $678,172.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Smita Conjeevaram sold 48,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $70.82, for a total value of $3,434,770.00. Following the completion of the transaction, the director now owns 9,576 shares of the company’s stock, valued at approximately $678,172.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Rahul Kanwar sold 412,190 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $73.13, for a total transaction of $30,143,454.70. Following the sale, the chief operating officer now directly owns 57,642 shares in the company, valued at $4,215,359.46. The disclosure for this sale can be found here. Insiders sold a total of 609,690 shares of company stock valued at $44,821,055 over the last three months. Insiders own 15.40% of the company’s stock.

SS&C Technologies Stock Performance

NASDAQ:SSNC opened at $73.92 on Monday. The company has a 50-day moving average of $72.78 and a 200-day moving average of $66.18. The firm has a market cap of $18.14 billion, a price-to-earnings ratio of 29.45 and a beta of 1.38. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.01. SS&C Technologies Holdings, Inc. has a twelve month low of $46.61 and a twelve month high of $76.94.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, July 25th. The technology company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.07. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.43 billion. SS&C Technologies had a net margin of 12.33% and a return on equity of 17.43%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $0.96 earnings per share. Analysts forecast that SS&C Technologies Holdings, Inc. will post 4.66 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, September 3rd. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.35%. SS&C Technologies’s payout ratio is 39.84%.

SS&C Technologies declared that its board has authorized a stock buyback plan on Thursday, July 25th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to reacquire up to 5.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

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.