Cetera Investment Advisers Sells 468 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Cetera Investment Advisers reduced its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.8% during the second quarter, Holdings Channel.com reports. The firm owned 16,090 shares of the technology company’s stock after selling 468 shares during the quarter. Cetera Investment Advisers’ holdings in SS&C Technologies were worth $1,008,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. SG Americas Securities LLC lifted its holdings in shares of SS&C Technologies by 39.3% in the 1st quarter. SG Americas Securities LLC now owns 66,879 shares of the technology company’s stock worth $4,305,000 after purchasing an additional 18,878 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in SS&C Technologies by 2,178.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 104,797 shares of the technology company’s stock valued at $6,568,000 after acquiring an additional 100,197 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in SS&C Technologies by 4.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 253,867 shares of the technology company’s stock valued at $16,341,000 after acquiring an additional 11,497 shares in the last quarter. Burgundy Asset Management Ltd. lifted its stake in SS&C Technologies by 4.3% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 4,942,374 shares of the technology company’s stock valued at $309,739,000 after acquiring an additional 201,632 shares in the last quarter. Finally, California State Teachers Retirement System lifted its stake in SS&C Technologies by 5.3% during the 1st quarter. California State Teachers Retirement System now owns 433,572 shares of the technology company’s stock valued at $27,909,000 after acquiring an additional 21,641 shares in the last quarter. 96.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Michael Jay Zamkow sold 19,000 shares of SS&C Technologies stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $75.97, for a total value of $1,443,430.00. Following the completion of the sale, the director now owns 22,576 shares of the company’s stock, valued at approximately $1,715,098.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other SS&C Technologies news, COO Rahul Kanwar sold 412,190 shares of SS&C Technologies stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $73.13, for a total transaction of $30,143,454.70. Following the completion of the transaction, the chief operating officer now owns 57,642 shares of the company’s stock, valued at $4,215,359.46. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Jay Zamkow sold 19,000 shares of SS&C Technologies 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 directly owns 22,576 shares of the company’s stock, valued at $1,715,098.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 609,690 shares of company stock valued at $44,821,055. 15.40% of the stock is owned by insiders.

SS&C Technologies Trading Down 0.4 %

NASDAQ SSNC opened at $76.38 on Friday. The stock has a market capitalization of $18.75 billion, a price-to-earnings ratio of 27.77 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a one year low of $46.61 and a one year high of $76.95. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.16 and a quick ratio of 1.16. The business’s fifty day moving average is $73.97 and its 200-day moving average is $67.21.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, July 25th. The technology company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.07. SS&C Technologies had a return on equity of 17.43% and a net margin of 12.33%. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the firm posted $0.96 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities research analysts predict that SS&C Technologies Holdings, Inc. will post 4.66 EPS for the current year.

SS&C Technologies declared that its Board of Directors has approved a stock buyback program on Thursday, July 25th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to reacquire up to 5.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

SS&C Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were issued a $0.25 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $1.00 annualized dividend and a yield of 1.31%. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.24. SS&C Technologies’s dividend payout ratio (DPR) is 36.36%.

Wall Street Analysts Forecast Growth

SSNC has been the topic of several recent analyst reports. Royal Bank of Canada raised their price objective on SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. Needham & Company LLC raised their price objective on 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 reiterated a “buy” rating and set a $92.00 target price on shares of SS&C Technologies in a research note on Thursday, October 10th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.75.

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.