DekaBank Deutsche Girozentrale Boosts Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

DekaBank Deutsche Girozentrale increased its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 1.0% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 59,035 shares of the technology company’s stock after purchasing an additional 570 shares during the period. DekaBank Deutsche Girozentrale’s holdings in SS&C Technologies were worth $3,670,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Burgundy Asset Management Ltd. lifted its position in SS&C Technologies by 2.2% in the fourth quarter. Burgundy Asset Management Ltd. now owns 4,716,792 shares of the technology company’s stock valued at $288,243,000 after purchasing an additional 101,948 shares during the last quarter. SG Americas Securities LLC raised its holdings in SS&C Technologies by 39.3% during the 1st quarter. SG Americas Securities LLC now owns 66,879 shares of the technology company’s stock valued at $4,305,000 after buying an additional 18,878 shares during the last quarter. Assenagon Asset Management S.A. boosted 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 valued at $6,568,000 after buying an additional 100,197 shares during the period. UBS Group AG grew its holdings in SS&C Technologies by 24.5% in the 4th quarter. UBS Group AG now owns 401,090 shares of the technology company’s stock worth $24,511,000 after acquiring an additional 79,029 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in shares of SS&C Technologies by 4.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 253,867 shares of the technology company’s stock valued at $16,341,000 after acquiring an additional 11,497 shares during the period. Institutional investors own 96.95% of the company’s stock.

Insiders Place Their Bets

In other news, Director Smita Conjeevaram sold 48,500 shares of SS&C Technologies stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 9,576 shares in the company, valued at $678,172.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other SS&C Technologies news, Director Normand A. Boulanger sold 130,000 shares of the business’s stock in a transaction 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 sale, the director now directly owns 333,576 shares of the company’s stock, valued at $25,144,958.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Smita Conjeevaram sold 48,500 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were 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 $678,172.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 590,690 shares of company stock worth $43,377,625. 15.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

SS&C Technologies Stock Down 0.2 %

Shares of NASDAQ:SSNC opened at $75.36 on Thursday. The firm has a market capitalization of $18.64 billion, a P/E ratio of 30.02 and a beta of 1.38. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a 50 day moving average price of $71.31 and a 200-day moving average price of $65.49. SS&C Technologies Holdings, Inc. has a 52-week low of $46.61 and a 52-week high of $76.69.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Thursday, July 25th. The technology company reported $1.27 earnings per share (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 business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the company earned $0.96 earnings per share. The firm’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 fiscal year.

SS&C Technologies Increases Dividend

The firm also recently disclosed 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. The ex-dividend date was Tuesday, September 3rd. This represents a $1.00 annualized dividend and a yield of 1.33%. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.24. SS&C Technologies’s payout ratio is presently 39.84%.

About SS&C Technologies

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.