SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Quest Partners LLC

Quest Partners LLC cut its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 95.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,677 shares of the technology company’s stock after selling 33,861 shares during the period. Quest Partners LLC’s holdings in SS&C Technologies were worth $105,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quent Capital LLC increased its position in SS&C Technologies by 76.8% in the first quarter. Quent Capital LLC now owns 396 shares of the technology company’s stock worth $25,000 after buying an additional 172 shares during the period. Innealta Capital LLC acquired a new stake in shares of SS&C Technologies in the 2nd quarter worth about $26,000. ST Germain D J Co. Inc. bought a new stake in SS&C Technologies in the 1st quarter valued at about $27,000. Versant Capital Management Inc increased its position in shares of SS&C Technologies by 6,300.0% during the 2nd quarter. Versant Capital Management Inc now owns 704 shares of the technology company’s stock valued at $44,000 after purchasing an additional 693 shares during the period. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of SS&C Technologies in the second quarter valued at $47,000. 96.95% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Stock Up 1.0 %

SSNC stock opened at $75.51 on Tuesday. The stock has a market capitalization of $18.68 billion, a price-to-earnings ratio of 30.08 and a beta of 1.38. The company has a 50-day moving average of $70.76 and a two-hundred day moving average of $65.33. SS&C Technologies Holdings, Inc. has a 52-week low of $46.61 and a 52-week high of $75.67. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.16 and a quick ratio of 1.16.

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

SS&C Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.32%. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Tuesday, September 3rd. SS&C Technologies’s payout ratio is currently 39.84%.

Insiders Place Their Bets

In other news, Director Smita Conjeevaram sold 48,500 shares of SS&C Technologies stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $70.82, for a total transaction of $3,434,770.00. Following the sale, the director now directly owns 9,576 shares in the company, valued at approximately $678,172.32. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, COO Rahul Kanwar sold 412,190 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $73.13, for a total value of $30,143,454.70. Following the sale, the chief operating officer now directly owns 57,642 shares in the company, valued at approximately $4,215,359.46. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Smita Conjeevaram sold 48,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $70.82, for a total value of $3,434,770.00. Following the transaction, the director now owns 9,576 shares of the company’s stock, valued at approximately $678,172.32. The disclosure for this sale can be found here. Corporate insiders own 15.40% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.