SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Bought by Signet Financial Management LLC

Signet Financial Management LLC grew its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.9% in the first quarter, Holdings Channel.com reports. The fund owned 65,049 shares of the technology company’s stock after buying an additional 1,803 shares during the quarter. Signet Financial Management LLC’s holdings in SS&C Technologies were worth $4,187,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. ST Germain D J Co. Inc. acquired a new stake in SS&C Technologies during the 1st quarter valued at $27,000. Headinvest LLC acquired a new stake in SS&C Technologies during the 3rd quarter valued at $26,000. Operose Advisors LLC acquired a new stake in SS&C Technologies during the 3rd quarter valued at $34,000. Principal Securities Inc. acquired a new position in shares of SS&C Technologies in the fourth quarter worth $53,000. Finally, Fortis Group Advisors LLC acquired a new position in shares of SS&C Technologies in the third quarter worth $53,000. Institutional investors and hedge funds own 96.95% of the company’s stock.

Wall Street Analyst Weigh In

SSNC has been the topic of a number of research reports. Jefferies Financial Group upped their price target on shares of SS&C Technologies from $54.00 to $61.00 and gave the stock a “hold” rating in a research note on Monday, April 29th. DA Davidson reaffirmed a “buy” rating and issued a $78.00 price target on shares of SS&C Technologies in a research note on Tuesday, April 16th. Finally, Needham & Company LLC upped their price target on shares of SS&C Technologies from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $70.20.

SS&C Technologies Stock Performance

SSNC stock traded down $0.17 during mid-day trading on Thursday, reaching $61.92. 144,035 shares of the stock traded hands, compared to its average volume of 954,971. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. SS&C Technologies Holdings, Inc. has a 52 week low of $46.61 and a 52 week high of $65.86. The business has a 50-day moving average of $62.04 and a two-hundred day moving average of $61.88. The firm has a market capitalization of $15.31 billion, a PE ratio of 24.74 and a beta of 1.37.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, April 25th. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.03. SS&C Technologies had a net margin of 11.46% and a return on equity of 17.10%. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. As a group, equities analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend was Monday, June 3rd. SS&C Technologies’s dividend payout ratio (DPR) is 38.25%.

Insider Activity at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 7,500 shares of the stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $60.46, for a total value of $453,450.00. Following the completion of the sale, the director now owns 41,576 shares in the company, valued at $2,513,684.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 32,500 shares of company stock worth $2,027,750. Company insiders own 15.40% of the company’s stock.

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.