SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank lifted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 26.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 32,136 shares of the technology company’s stock after buying an additional 6,721 shares during the quarter. Toronto Dominion Bank’s holdings in SS&C Technologies were worth $2,385,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of SS&C Technologies by 63.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,326 shares of the technology company’s stock valued at $396,000 after purchasing an additional 2,453 shares during the period. Assenagon Asset Management S.A. raised its position in SS&C Technologies by 2,178.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 104,797 shares of the technology company’s stock worth $6,568,000 after buying an additional 100,197 shares during the last quarter. Pallas Capital Advisors LLC purchased a new position in SS&C Technologies during the 2nd quarter worth $264,000. 1620 Investment Advisors Inc. acquired a new stake in shares of SS&C Technologies in the 2nd quarter worth $47,000. Finally, First National Bank of Hutchinson boosted its holdings in shares of SS&C Technologies by 5.8% in the second quarter. First National Bank of Hutchinson now owns 12,630 shares of the technology company’s stock valued at $792,000 after acquiring an additional 697 shares in the last quarter. Institutional investors and hedge funds own 96.95% of the company’s stock.

Insider Activity at SS&C Technologies

In other SS&C Technologies news, CEO William C. Stone sold 247,300 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $76.61, for a total value of $18,945,653.00. Following the transaction, the chief executive officer now directly owns 31,837,926 shares in the company, valued at approximately $2,439,103,510.86. This represents a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the sale, the senior vice president now owns 6,412 shares of the company’s stock, valued at approximately $494,172.84. This trade represents a 91.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 468,000 shares of company stock valued at $35,904,908 over the last quarter. Insiders own 15.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Royal Bank of Canada raised their price objective on shares of SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. DA Davidson reissued a “buy” rating and issued a $92.00 price target on shares of SS&C Technologies in a report on Thursday, October 10th. Raymond James upped their price objective on SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of SS&C Technologies in a report on Friday, October 25th. Finally, StockNews.com cut shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Two research 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 company. Based on data from MarketBeat.com, SS&C Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $77.75.

SS&C Technologies Trading Down 0.3 %

NASDAQ:SSNC opened at $76.67 on Monday. The company has a market capitalization of $18.99 billion, a PE ratio of 27.48 and a beta of 1.38. 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 52-week low of $58.79 and a 52-week high of $77.69. The stock has a fifty day simple moving average of $74.76 and a 200-day simple moving average of $70.91.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share (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 company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the business posted $1.04 earnings per share. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts expect that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.30%. SS&C Technologies’s dividend payout ratio (DPR) is 35.84%.

SS&C Technologies 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.