XTX Topco Ltd Takes $218,000 Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

XTX Topco Ltd purchased a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,942 shares of the technology company’s stock, valued at approximately $218,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SSNC. Wealth Enhancement Advisory Services LLC lifted its stake in shares of SS&C Technologies by 63.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,326 shares of the technology company’s stock worth $396,000 after acquiring an additional 2,453 shares during the period. 1620 Investment Advisors Inc. purchased a new stake in SS&C Technologies in the 2nd quarter valued at approximately $47,000. First National Bank of Hutchinson increased its position in SS&C Technologies by 5.8% during the 2nd quarter. First National Bank of Hutchinson now owns 12,630 shares of the technology company’s stock worth $792,000 after purchasing an additional 697 shares during the period. Bank of New York Mellon Corp raised its stake in shares of SS&C Technologies by 6.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,289,558 shares of the technology company’s stock worth $80,817,000 after buying an additional 78,984 shares in the last quarter. Finally, Verdence Capital Advisors LLC lifted its holdings in shares of SS&C Technologies by 2.8% in the 2nd quarter. Verdence Capital Advisors LLC now owns 91,629 shares of the technology company’s stock valued at $5,742,000 after buying an additional 2,489 shares during the period. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

SS&C Technologies Trading Up 0.8 %

Shares of SSNC opened at $74.27 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. SS&C Technologies Holdings, Inc. has a 1-year low of $58.79 and a 1-year high of $77.69. The stock has a market cap of $18.40 billion, a price-to-earnings ratio of 26.62 and a beta of 1.38. The firm has a 50 day simple moving average of $74.85 and a 200-day simple moving average of $71.14.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly 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 company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.44 billion. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.04 earnings per share. Equities analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.35%. SS&C Technologies’s dividend payout ratio is currently 35.84%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SSNC shares. Raymond James upped their price objective on SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. StockNews.com cut shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. DA Davidson reiterated a “buy” rating and issued a $92.00 price objective on shares of SS&C Technologies in a research note on Thursday, October 10th. 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. Finally, Needham & Company LLC reiterated a “buy” rating and set a $90.00 price target on shares of SS&C Technologies in a research report on Friday, October 25th. Two 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.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $77.75.

Insider Transactions at SS&C Technologies

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 transaction of $5,317,830.00. Following the sale, the senior vice president now owns 6,412 shares in the company, valued at approximately $494,172.84. This trade represents a 91.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William C. Stone sold 132,700 shares of SS&C Technologies stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $76.85, for a total transaction of $10,197,995.00. Following the completion of the sale, the chief executive officer now directly owns 31,837,926 shares of the company’s stock, valued at $2,446,744,613.10. The trade was a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 449,000 shares of company stock worth $34,461,478 over the last ninety days. 15.40% of the stock is currently owned by corporate insiders.

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.