Landscape Capital Management L.L.C. Buys New Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Landscape Capital Management L.L.C. acquired a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,558 shares of the technology company’s stock, valued at approximately $264,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Innealta Capital LLC bought a new stake in shares of SS&C Technologies during the 2nd quarter valued at $26,000. Ashton Thomas Private Wealth LLC bought a new position in SS&C Technologies in the 2nd quarter worth about $35,000. Benjamin Edwards Inc. boosted its holdings in shares of SS&C Technologies by 43.3% in the 2nd 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. Versant Capital Management Inc boosted its holdings in shares of SS&C Technologies by 6,300.0% in the 2nd quarter. Versant Capital Management Inc now owns 704 shares of the technology company’s stock worth $44,000 after purchasing an additional 693 shares in the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in shares of SS&C Technologies in the 2nd quarter worth about $47,000. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports 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. DA Davidson reaffirmed a “buy” rating and set a $92.00 price target on shares of SS&C Technologies in a research report on Thursday, October 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price target on shares of SS&C Technologies in a research report on Friday, October 25th. StockNews.com lowered SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. Finally, Royal Bank of Canada upped their price target on SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, SS&C Technologies has an average rating of “Moderate Buy” and an average target price of $77.75.

SS&C Technologies Stock Up 1.0 %

SSNC stock opened at $76.87 on Tuesday. SS&C Technologies Holdings, Inc. has a twelve month low of $55.45 and a twelve month high of $77.50. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The firm has a market cap of $19.04 billion, a PE ratio of 27.55 and a beta of 1.39. The business has a 50 day moving average of $74.11 and a 200 day moving average of $69.42.

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

SS&C Technologies Dividend Announcement

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

Insider Buying and Selling at SS&C Technologies

In other SS&C Technologies news, Director Normand A. Boulanger sold 130,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $75.38, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Jay Zamkow sold 19,000 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was 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 approximately $1,715,098.72. This trade represents a 45.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 15.40% of the company’s stock.

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.