SkyView Investment Advisors LLC Acquires 137 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

SkyView Investment Advisors LLC increased its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,400 shares of the technology company’s stock after purchasing an additional 137 shares during the quarter. SkyView Investment Advisors LLC’s holdings in SS&C Technologies were worth $475,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Innealta Capital LLC purchased a new stake in SS&C Technologies in the second quarter worth about $26,000. Ashton Thomas Private Wealth LLC bought a new stake in SS&C Technologies during the 2nd quarter worth approximately $35,000. Benjamin Edwards Inc. lifted its holdings in SS&C Technologies by 43.3% during the second quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company’s stock valued at $42,000 after purchasing an additional 204 shares in the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of SS&C Technologies in the second quarter worth approximately $47,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of SS&C Technologies in the third quarter worth $68,000. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

SS&C Technologies Stock Down 0.5 %

NASDAQ SSNC opened at $76.90 on Friday. The stock has a 50 day moving average price of $74.71 and a 200-day moving average price of $70.67. SS&C Technologies Holdings, Inc. has a one year low of $58.14 and a one year high of $77.69. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market capitalization of $19.05 billion, a P/E ratio of 27.56 and a beta of 1.38.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share 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 for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the previous year, the firm posted $1.04 EPS. The business’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, equities analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently announced 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Monday, December 2nd. SS&C Technologies’s dividend payout ratio (DPR) is 35.84%.

Insider Activity

In other news, SVP Jason Douglas White sold 69,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total value of $5,317,830.00. Following the sale, the senior vice president now directly owns 6,412 shares in the company, valued at approximately $494,172.84. This represents a 91.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michael Jay Zamkow sold 19,000 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 22,576 shares in the company, valued at $1,715,098.72. This trade represents a 45.70 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 598,000 shares of company stock valued at $45,704,308. 15.40% of the stock is currently owned by insiders.

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.