SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Holdings Raised by Archford Capital Strategies LLC

Archford Capital Strategies LLC increased its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 3.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 31,544 shares of the technology company’s stock after purchasing an additional 1,025 shares during the period. Archford Capital Strategies LLC’s holdings in SS&C Technologies were worth $2,390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the business. SkyView Investment Advisors LLC boosted its position in SS&C Technologies by 2.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company’s stock worth $475,000 after acquiring an additional 137 shares during the period. Janney Montgomery Scott LLC grew its position in SS&C Technologies by 0.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 46,282 shares of the technology company’s stock valued at $3,435,000 after buying an additional 196 shares in the last quarter. Tectonic Advisors LLC increased its stake in SS&C Technologies by 2.9% during the 3rd quarter. Tectonic Advisors LLC now owns 7,064 shares of the technology company’s stock valued at $524,000 after buying an additional 198 shares during the period. Wedge Capital Management L L P NC raised its position in shares of SS&C Technologies by 0.4% during the 3rd quarter. Wedge Capital Management L L P NC now owns 51,497 shares of the technology company’s stock worth $3,822,000 after buying an additional 206 shares in the last quarter. Finally, Covestor Ltd lifted its stake in shares of SS&C Technologies by 10.3% in the 3rd quarter. Covestor Ltd now owns 2,262 shares of the technology company’s stock worth $168,000 after acquiring an additional 212 shares during the period. Institutional investors and hedge funds own 96.95% of the company’s stock.

SS&C Technologies Price Performance

NASDAQ SSNC opened at $79.98 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a 1 year low of $59.53 and a 1 year high of $80.67. The company has a market cap of $19.81 billion, a PE ratio of 28.67 and a beta of 1.37. The stock’s 50-day moving average price is $76.51 and its two-hundred day moving average price is $73.94.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly 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. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.33%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the firm earned $1.04 EPS. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. On average, analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current year.

SS&C Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.25%. SS&C Technologies’s dividend payout ratio (DPR) is presently 35.84%.

Insider Transactions at SS&C Technologies

In related news, SVP Jason Douglas White sold 69,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the transaction, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at approximately $494,172.84. The trade was a 91.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO William C. Stone sold 247,300 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $76.61, for a total transaction of $18,945,653.00. Following the completion of the sale, the chief executive officer now owns 31,837,926 shares of the company’s stock, valued at approximately $2,439,103,510.86. The trade was a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 449,000 shares of company stock valued at $34,461,478 over the last quarter. Company insiders own 15.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on SSNC. StockNews.com cut SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. Raymond James boosted their price objective on SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 25th. DA Davidson reaffirmed a “buy” rating and set a $92.00 target price on shares of SS&C Technologies in a research note on Thursday, October 10th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of SS&C Technologies in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, SS&C Technologies has an average rating of “Moderate Buy” and an average price target of $77.75.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.