205,952 Shares in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Acquired by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado purchased a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 205,952 shares of the technology company’s stock, valued at approximately $12,907,000. Public Employees Retirement Association of Colorado owned 0.08% of SS&C Technologies at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Principal Securities Inc. bought a new stake in SS&C Technologies during the fourth quarter valued at $53,000. Janney Montgomery Scott LLC boosted its position in shares of SS&C Technologies by 1.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 45,989 shares of the technology company’s stock valued at $2,811,000 after acquiring an additional 559 shares during the last quarter. Brown Advisory Inc. purchased a new position in shares of SS&C Technologies during the fourth quarter worth about $231,000. BI Asset Management Fondsmaeglerselskab A S increased its position in shares of SS&C Technologies by 377.0% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 2,943 shares of the technology company’s stock worth $180,000 after purchasing an additional 2,326 shares during the last quarter. Finally, UBS Group AG raised its stake in SS&C Technologies by 24.5% in the fourth quarter. UBS Group AG now owns 401,090 shares of the technology company’s stock valued at $24,511,000 after purchasing an additional 79,029 shares in the last quarter. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 shares were sold at an average price of $75.38, for a total transaction of $9,799,400.00. Following the transaction, the director now directly owns 333,576 shares of the company’s stock, valued at approximately $25,144,958.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, COO Rahul Kanwar sold 412,190 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $4,215,359.46. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Normand A. Boulanger sold 130,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $75.38, for a total transaction of $9,799,400.00. Following the completion of the sale, the director now directly owns 333,576 shares in the company, valued at $25,144,958.88. The disclosure for this sale can be found here. Insiders sold 590,690 shares of company stock valued at $43,377,625 over the last quarter. 15.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SSNC shares. DA Davidson boosted their price target on shares of SS&C Technologies from $88.00 to $92.00 and gave the stock a “buy” rating in a research note on Friday. Royal Bank of Canada upped their target price on shares of SS&C Technologies from $75.00 to $86.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Needham & Company LLC lifted their price target on SS&C Technologies from $81.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.75.

SS&C Technologies Trading Down 1.2 %

NASDAQ:SSNC opened at $75.53 on Friday. The firm has a market capitalization of $18.68 billion, a P/E ratio of 30.09 and a beta of 1.38. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.01. The company has a fifty day moving average of $72.07 and a 200 day moving average of $65.74. SS&C Technologies Holdings, Inc. has a 52 week low of $46.61 and a 52 week high of $76.94.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, July 25th. The technology company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.07. SS&C Technologies had a net margin of 12.33% and a return on equity of 17.43%. 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 prior year, the business posted $0.96 earnings per share. SS&C Technologies’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, research analysts predict that SS&C Technologies Holdings, Inc. will post 4.66 earnings per share for the current year.

SS&C Technologies announced that its Board of Directors has authorized a share buyback program on Thursday, July 25th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to buy up to 5.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its shares are undervalued.

SS&C Technologies Increases Dividend

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

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.