SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Purchased by Summit Trail Advisors LLC

Summit Trail Advisors LLC boosted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 5.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,474 shares of the technology company’s stock after buying an additional 362 shares during the period. Summit Trail Advisors LLC’s holdings in SS&C Technologies were worth $555,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its holdings in shares of SS&C Technologies by 5.3% during the first quarter. California State Teachers Retirement System now owns 433,572 shares of the technology company’s stock valued at $27,909,000 after purchasing an additional 21,641 shares during the period. Tidal Investments LLC increased its holdings in shares of SS&C Technologies by 28.5% during the first quarter. Tidal Investments LLC now owns 22,975 shares of the technology company’s stock valued at $1,479,000 after purchasing an additional 5,100 shares during the period. Comerica Bank increased its holdings in shares of SS&C Technologies by 24.0% during the first quarter. Comerica Bank now owns 50,531 shares of the technology company’s stock valued at $3,253,000 after purchasing an additional 9,764 shares during the period. Plato Investment Management Ltd acquired a new position in shares of SS&C Technologies during the first quarter valued at $1,115,000. Finally, LRI Investments LLC acquired a new position in shares of SS&C Technologies during the first quarter valued at $364,000. 96.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Normand A. Boulanger sold 130,000 shares of the 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 of the company’s stock, valued at approximately $25,144,958.88. This represents a 28.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $1,443,430.00. Following the completion of the sale, the director now directly owns 22,576 shares of the company’s stock, 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. Company insiders own 15.40% of the company’s stock.

SS&C Technologies Trading Up 0.3 %

NASDAQ:SSNC opened at $77.10 on Wednesday. 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 Holdings, Inc. has a 1-year low of $55.45 and a 1-year high of $77.50. The firm has a market capitalization of $19.10 billion, a price-to-earnings ratio of 27.63 and a beta of 1.39. The stock has a fifty day simple moving average of $74.13 and a 200 day simple moving average of $69.52.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter last year, the company posted $1.04 EPS. SS&C Technologies’s revenue for the quarter was up 7.3% on a year-over-year basis. Sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current year.

SS&C Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Monday, December 2nd. SS&C Technologies’s dividend payout ratio is currently 35.84%.

Analyst Upgrades and Downgrades

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

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.