SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Purchased by Heron Bay Capital Management

Heron Bay Capital Management increased its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 24.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 305,443 shares of the technology company’s stock after purchasing an additional 59,678 shares during the quarter. SS&C Technologies makes up approximately 4.1% of Heron Bay Capital Management’s portfolio, making the stock its 6th largest position. Heron Bay Capital Management’s holdings in SS&C Technologies were worth $19,142,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Securities Inc. purchased a new position in shares of SS&C Technologies during the 4th quarter valued at $53,000. Janney Montgomery Scott LLC grew its stake in shares of SS&C Technologies by 1.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 45,989 shares of the technology company’s stock valued at $2,811,000 after buying an additional 559 shares in the last quarter. Brown Advisory Inc. acquired a new position in SS&C Technologies in the fourth quarter worth approximately $231,000. BI Asset Management Fondsmaeglerselskab A S raised its position in SS&C Technologies by 377.0% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 2,943 shares of the technology company’s stock valued at $180,000 after acquiring an additional 2,326 shares in the last quarter. Finally, UBS Group AG lifted its stake in SS&C Technologies by 24.5% in the fourth quarter. UBS Group AG now owns 401,090 shares of the technology company’s stock valued at $24,511,000 after acquiring an additional 79,029 shares during the last quarter. 96.95% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, Director Smita Conjeevaram sold 48,500 shares of the company’s stock in a transaction on 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 sale, the director now directly owns 9,576 shares in the company, valued at $678,172.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other SS&C Technologies news, Director Smita Conjeevaram sold 48,500 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $70.82, for a total transaction of $3,434,770.00. Following the sale, the director now directly owns 9,576 shares of the company’s stock, valued at $678,172.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Rahul Kanwar sold 412,190 shares of SS&C Technologies stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now owns 57,642 shares of the company’s stock, valued at approximately $4,215,359.46. The disclosure for this sale can be found here. In the last ninety days, insiders sold 590,690 shares of company stock valued at $43,377,625. Corporate insiders own 15.40% of the company’s stock.

SS&C Technologies Stock Down 1.2 %

NASDAQ SSNC opened at $75.53 on Friday. SS&C Technologies Holdings, Inc. has a twelve month low of $46.61 and a twelve month high of $76.94. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market cap of $18.68 billion, a PE ratio of 30.09 and a beta of 1.38. The firm has a 50-day simple moving average of $72.07 and a 200 day simple moving average of $65.74.

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

SS&C Technologies declared that its board has authorized a stock repurchase program on Thursday, July 25th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the technology company to buy up to 5.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

SS&C Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were paid a $0.25 dividend. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 1.32%. The ex-dividend date was Tuesday, September 3rd. SS&C Technologies’s dividend payout ratio is currently 39.84%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada lifted their price objective on shares of SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday. DA Davidson upped their price target on SS&C Technologies from $88.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday. Finally, 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. Three investment 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’s stock. According to MarketBeat.com, SS&C Technologies has an average rating of “Moderate Buy” and a consensus price target of $73.75.

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.