Dynamic Technology Lab Private Ltd Takes $1.81 Million Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Dynamic Technology Lab Private Ltd bought a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 24,331 shares of the technology company’s stock, valued at approximately $1,806,000.

A number of other hedge funds have also added to or reduced their stakes in SSNC. Assenagon Asset Management S.A. boosted its stake in shares of 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 worth $6,568,000 after buying an additional 100,197 shares during the last quarter. National Pension Service boosted its position in SS&C Technologies by 5.4% during the third quarter. National Pension Service now owns 530,166 shares of the technology company’s stock valued at $39,344,000 after purchasing an additional 27,336 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in SS&C Technologies in the second quarter valued at approximately $1,661,000. Jackson Square Capital LLC bought a new position in SS&C Technologies in the third quarter valued at approximately $1,612,000. Finally, Burgundy Asset Management Ltd. increased its position in shares of 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 worth $309,739,000 after purchasing an additional 201,632 shares during the last quarter. Institutional investors own 96.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Raymond James increased their price objective on SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. DA Davidson reiterated a “buy” rating and issued a $92.00 price target on shares of SS&C Technologies in a research note on Thursday, October 10th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price objective on shares of SS&C Technologies in a research report on Friday, October 25th. StockNews.com cut shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. Finally, Royal Bank of Canada lifted their price target on SS&C Technologies from $75.00 to $86.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $77.75.

Insider Transactions at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 19,000 shares of the company’s stock in a transaction on 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 directly owns 22,576 shares in the company, valued at approximately $1,715,098.72. This represents a 45.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Normand A. Boulanger sold 130,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $75.38, for a total value of $9,799,400.00. Following the sale, the director now directly owns 333,576 shares in the company, valued at approximately $25,144,958.88. This trade represents a 28.04 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 15.40% of the company’s stock.

SS&C Technologies Stock Up 1.0 %

Shares of NASDAQ SSNC opened at $76.87 on Tuesday. SS&C Technologies Holdings, Inc. has a 52 week low of $55.45 and a 52 week high of $77.50. The stock’s fifty day moving average is $74.11 and its 200 day moving average is $69.42. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $19.04 billion, a P/E ratio of 27.55 and a beta of 1.39.

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

SS&C Technologies Dividend Announcement

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

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.