Integrated Investment Consultants LLC Boosts Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Integrated Investment Consultants LLC lifted its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,320 shares of the technology company’s stock after acquiring an additional 419 shares during the period. Integrated Investment Consultants LLC’s holdings in SS&C Technologies were worth $1,508,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Swedbank AB bought a new position in shares of SS&C Technologies during the first quarter valued at $94,939,000. Millennium Management LLC lifted its stake in SS&C Technologies by 49.2% during the 2nd quarter. Millennium Management LLC now owns 3,399,874 shares of the technology company’s stock valued at $213,070,000 after acquiring an additional 1,120,961 shares during the period. AQR Capital Management LLC boosted its holdings in shares of SS&C Technologies by 82.1% during the 2nd quarter. AQR Capital Management LLC now owns 1,267,057 shares of the technology company’s stock valued at $78,900,000 after acquiring an additional 571,334 shares during the last quarter. Capital International Investors grew its stake in shares of SS&C Technologies by 111.1% in the first quarter. Capital International Investors now owns 1,071,540 shares of the technology company’s stock worth $68,975,000 after acquiring an additional 564,017 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of SS&C Technologies by 14.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,696,702 shares of the technology company’s stock valued at $168,995,000 after purchasing an additional 349,911 shares during the last quarter. 96.95% of the stock is owned by institutional investors.

Insider Activity at SS&C Technologies

In related news, Director Normand A. Boulanger sold 130,000 shares of SS&C Technologies stock in a transaction dated 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 completion of the sale, the director now directly owns 333,576 shares in the company, valued at $25,144,958.88. The trade was a 28.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael Jay Zamkow sold 19,000 shares of the stock in a transaction dated Friday, September 20th. The stock was 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 in the company, valued at approximately $1,715,098.72. The trade was a 45.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on SSNC shares. Raymond James raised their target price on shares of SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. Royal Bank of Canada raised their price target on SS&C Technologies from $75.00 to $86.00 and gave the stock an “outperform” rating in a research note on Thursday, September 19th. DA Davidson reiterated a “buy” rating and set a $92.00 price objective on shares of SS&C Technologies in a research report on Thursday, October 10th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of SS&C Technologies in a research report on Friday, October 25th. Finally, StockNews.com lowered shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, SS&C Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.75.

SS&C Technologies Price Performance

NASDAQ:SSNC opened at $73.43 on Thursday. The firm has a market capitalization of $18.19 billion, a price-to-earnings ratio of 26.32 and a beta of 1.39. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The business has a 50 day simple moving average of $74.05 and a 200-day simple moving average of $69.20. SS&C Technologies Holdings, Inc. has a 1 year low of $54.80 and a 1 year high of $77.02.

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 analysts’ consensus estimates 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 firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the previous year, the company earned $1.04 EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. Equities analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current year.

SS&C Technologies announced that its board has approved a stock buyback plan on Thursday, July 25th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to purchase up to 5.4% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

SS&C Technologies Company 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.