Axa S.A. Decreases Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Axa S.A. trimmed its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 56.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,722 shares of the technology company’s stock after selling 42,710 shares during the quarter. Axa S.A.’s holdings in SS&C Technologies were worth $2,051,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SSNC. Quent Capital LLC lifted its stake in shares of SS&C Technologies by 76.8% during the 1st quarter. Quent Capital LLC now owns 396 shares of the technology company’s stock worth $25,000 after acquiring an additional 172 shares during the last quarter. Innealta Capital LLC bought a new position in SS&C Technologies during the 2nd quarter worth about $26,000. ST Germain D J Co. Inc. bought a new position in shares of SS&C Technologies during the first quarter valued at approximately $27,000. Ashton Thomas Private Wealth LLC bought a new position in SS&C Technologies in the second quarter worth approximately $35,000. Finally, Benjamin Edwards Inc. lifted its holdings in SS&C Technologies by 43.3% during the second quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company’s stock worth $42,000 after buying an additional 204 shares during the period. 96.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insider Activity

In other SS&C Technologies news, Director Michael Jay Zamkow sold 19,000 shares of the company’s 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 completion of the transaction, the director now owns 22,576 shares in the company, valued at $1,715,098.72. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Michael Jay Zamkow sold 19,000 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $75.97, for a total transaction of $1,443,430.00. Following the completion of the transaction, the director now owns 22,576 shares in the company, valued at approximately $1,715,098.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Smita Conjeevaram sold 48,500 shares of SS&C Technologies stock in a transaction that occurred 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 completion of the sale, the director now directly owns 9,576 shares in the company, valued at $678,172.32. 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 in the last three months. 15.40% of the stock is currently owned by corporate insiders.

SS&C Technologies Stock Performance

SSNC opened at $74.21 on Tuesday. 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 12-month low of $46.61 and a 12-month high of $76.94. The firm has a 50 day moving average of $72.91 and a two-hundred day moving average of $66.27. The firm has a market capitalization of $18.35 billion, a PE ratio of 29.57 and a beta of 1.38.

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

SS&C Technologies Increases Dividend

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

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

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.