SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Director Sells $9,799,400.00 in Stock

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Director Normand A. Boulanger sold 130,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now owns 333,576 shares in the company, valued at approximately $25,144,958.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

SS&C Technologies Stock Up 0.0 %

SSNC opened at $75.53 on Wednesday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.16 and a quick ratio of 1.16. The business has a 50 day simple moving average of $71.03 and a 200-day simple moving average of $65.41. The stock has a market capitalization of $18.68 billion, a P/E ratio of 30.09 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a 12 month low of $46.61 and a 12 month high of $75.86.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings results on Thursday, July 25th. The technology company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.20 by $0.07. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.43 billion. SS&C Technologies had a return on equity of 17.43% and a net margin of 12.33%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm earned $0.96 EPS. On average, equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.66 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were issued a $0.25 dividend. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Tuesday, September 3rd. SS&C Technologies’s dividend payout ratio (DPR) is currently 39.84%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SSNC. Royal Bank of Canada raised their price target on SS&C Technologies from $72.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. DA Davidson increased their price objective on SS&C Technologies from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, Needham & Company LLC increased their price objective on SS&C Technologies from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.75.

Institutional Trading of SS&C Technologies

Several hedge funds have recently modified their holdings of the business. Pzena Investment Management LLC raised its holdings in SS&C Technologies by 0.3% during the first quarter. Pzena Investment Management LLC now owns 14,519,103 shares of the technology company’s stock worth $934,595,000 after purchasing an additional 46,211 shares during the last quarter. Diamond Hill Capital Management Inc. raised its holdings in SS&C Technologies by 0.7% during the second quarter. Diamond Hill Capital Management Inc. now owns 7,798,723 shares of the technology company’s stock worth $488,746,000 after purchasing an additional 53,080 shares during the last quarter. Burgundy Asset Management Ltd. raised its holdings in SS&C Technologies by 4.3% during the second quarter. Burgundy Asset Management Ltd. now owns 4,942,374 shares of the technology company’s stock worth $309,739,000 after purchasing an additional 201,632 shares during the last quarter. Franklin Resources Inc. raised its holdings in SS&C Technologies by 1.5% during the fourth quarter. Franklin Resources Inc. now owns 3,871,753 shares of the technology company’s stock worth $236,603,000 after purchasing an additional 56,002 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in SS&C Technologies by 0.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,860,256 shares of the technology company’s stock worth $248,485,000 after purchasing an additional 25,183 shares during the last quarter. 96.95% of the stock is owned by institutional investors and hedge funds.

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.