SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP raised its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 109.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,697 shares of the technology company’s stock after acquiring an additional 4,544 shares during the quarter. GSA Capital Partners LLP’s holdings in SS&C Technologies were worth $645,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Janney Montgomery Scott LLC grew its position in shares of SS&C Technologies by 0.4% in the third quarter. Janney Montgomery Scott LLC now owns 46,282 shares of the technology company’s stock valued at $3,435,000 after purchasing an additional 196 shares in the last quarter. Tectonic Advisors LLC grew its position in shares of SS&C Technologies by 2.9% in the third quarter. Tectonic Advisors LLC now owns 7,064 shares of the technology company’s stock valued at $524,000 after purchasing an additional 198 shares in the last quarter. Summit Trail Advisors LLC grew its position in shares of SS&C Technologies by 2.9% in the second quarter. Summit Trail Advisors LLC now owns 7,112 shares of the technology company’s stock valued at $446,000 after purchasing an additional 203 shares in the last quarter. Benjamin Edwards Inc. grew its position in shares of SS&C Technologies by 43.3% in the second quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company’s stock valued at $42,000 after purchasing an additional 204 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its position in shares of SS&C Technologies by 0.4% in the third quarter. Wedge Capital Management L L P NC now owns 51,497 shares of the technology company’s stock valued at $3,822,000 after purchasing an additional 206 shares in the last quarter. Institutional investors and hedge funds own 96.95% of the company’s stock.

Insider Activity

In other 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Jay Zamkow sold 19,000 shares of the firm’s stock in a transaction on 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 561,190 shares of company stock worth $41,386,285. Corporate insiders own 15.40% of the company’s stock.

SS&C Technologies Trading Up 0.1 %

SSNC opened at $73.51 on Tuesday. SS&C Technologies Holdings, Inc. has a 52 week low of $54.75 and a 52 week high of $77.02. The business has a fifty day simple moving average of $74.05 and a 200-day simple moving average of $69.09. The firm has a market cap of $18.21 billion, a P/E ratio of 26.35 and a beta of 1.39. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC) last released 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. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the business posted $1.04 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. On average, equities analysts expect that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current year.

SS&C Technologies announced that its board has authorized a share buyback plan 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 stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are 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 boost from SS&C Technologies’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Tuesday, September 3rd. SS&C Technologies’s dividend payout ratio (DPR) is presently 35.84%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Raymond James upped their price target on SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating 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. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of SS&C Technologies in a research report on Friday, October 25th. DA Davidson reiterated a “buy” rating and issued a $92.00 price objective on shares of SS&C Technologies in a research report on Thursday, October 10th. Finally, Royal Bank of Canada increased their price objective on SS&C Technologies from $75.00 to $86.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. Two 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 company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $77.75.

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.