SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can raised its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,497 shares of the technology company’s stock after acquiring an additional 782 shares during the period. Bank of Montreal Can’s holdings in SS&C Technologies were worth $8,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SSNC. Innealta Capital LLC acquired a new stake in shares of SS&C Technologies during the second quarter worth $26,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of SS&C Technologies in the 2nd quarter worth $35,000. Benjamin Edwards Inc. raised 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 purchasing an additional 204 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in SS&C Technologies in the second quarter valued at about $47,000. Finally, Capital Performance Advisors LLP purchased a new stake in SS&C Technologies in the 3rd quarter valued at approximately $68,000. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Insiders Place Their Bets

In other 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 sale, the director now owns 22,576 shares in the company, valued at approximately $1,715,098.72. This represents a 45.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total value of $5,317,830.00. Following the completion of the transaction, the senior vice president now owns 6,412 shares of the company’s stock, valued at approximately $494,172.84. The trade was a 91.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 218,000 shares of company stock worth $16,560,660 over the last quarter. 15.40% of the stock is owned by corporate insiders.

SS&C Technologies Price Performance

NASDAQ:SSNC opened at $76.98 on Tuesday. The firm has a market cap of $19.07 billion, a price-to-earnings ratio of 27.59 and a beta of 1.39. SS&C Technologies Holdings, Inc. has a 12-month low of $56.10 and a 12-month high of $77.69. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The company’s 50-day moving average is $74.29 and its two-hundred day moving average is $70.01.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.26 by $0.03. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.04 earnings per share. Research analysts expect that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current year.

SS&C Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.30%. The ex-dividend date is Monday, December 2nd. SS&C Technologies’s dividend payout ratio (DPR) is presently 35.84%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of SS&C Technologies in a research note on Friday, October 25th. Royal Bank of Canada raised 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, September 19th. Raymond James upped their target price on shares of SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 25th. DA Davidson reiterated a “buy” rating and set a $92.00 price target on shares of SS&C Technologies in a research report on Thursday, October 10th. Finally, StockNews.com downgraded SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, SS&C Technologies currently has an average rating of “Moderate Buy” and an average price target of $77.75.

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.