Stephens Inc. AR cut its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) by 13.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,232 shares of the technology company’s stock after selling 7,730 shares during the period. Stephens Inc. AR’s holdings in SS&C Technologies were worth $3,728,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the business. US Bancorp DE grew its holdings in shares of SS&C Technologies by 1.9% in the third quarter. US Bancorp DE now owns 17,160 shares of the technology company’s stock valued at $1,273,000 after acquiring an additional 318 shares in the last quarter. First Trust Direct Indexing L.P. bought a new position in shares of SS&C Technologies in the third quarter valued at approximately $202,000. abrdn plc grew its holdings in shares of SS&C Technologies by 39.0% in the third quarter. abrdn plc now owns 43,183 shares of the technology company’s stock valued at $3,205,000 after acquiring an additional 12,119 shares in the last quarter. Pallas Capital Advisors LLC lifted its stake in SS&C Technologies by 26.1% in the third quarter. Pallas Capital Advisors LLC now owns 4,928 shares of the technology company’s stock valued at $370,000 after purchasing an additional 1,020 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in SS&C Technologies by 11,789.1% in the third quarter. Nisa Investment Advisors LLC now owns 26,156 shares of the technology company’s stock valued at $1,941,000 after purchasing an additional 25,936 shares during the last quarter. 96.95% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other SS&C Technologies news, Director Michael Jay Zamkow sold 19,000 shares of the firm’s stock in a transaction dated 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 directly owns 22,576 shares in the company, valued at $1,715,098.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other SS&C Technologies news, Director Smita Conjeevaram sold 48,500 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $70.82, for a total value of $3,434,770.00. Following the completion of the sale, the director now directly owns 9,576 shares in the company, valued at $678,172.32. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael Jay Zamkow sold 19,000 shares of SS&C Technologies stock in a transaction that occurred 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 transaction, the director now owns 22,576 shares of the company’s stock, valued at $1,715,098.72. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 609,690 shares of company stock worth $44,821,055 over the last three months. Company insiders own 15.40% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Analysis on SSNC
SS&C Technologies Stock Up 0.7 %
NASDAQ SSNC opened at $70.40 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.16. The stock has a market capitalization of $17.44 billion, a PE ratio of 25.23 and a beta of 1.39. SS&C Technologies Holdings, Inc. has a 1 year low of $49.51 and a 1 year high of $77.02. The business’s 50-day moving average is $74.07 and its 200 day moving average is $68.01.
SS&C Technologies (NASDAQ:SSNC – Get Free Report) last posted its earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.03. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.44 billion. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. SS&C Technologies’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm earned $1.04 earnings per share. Sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current year.
SS&C Technologies declared that its board has initiated a stock buyback plan on Thursday, July 25th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to purchase up to 5.4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board 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. Shareholders of record on Tuesday, September 3rd were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 1.42%. SS&C Technologies’s dividend payout ratio (DPR) is 35.84%.
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.
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