SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Purchased by Summit Trail Advisors LLC

Summit Trail Advisors LLC raised its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,112 shares of the technology company’s stock after acquiring an additional 203 shares during the quarter. Summit Trail Advisors LLC’s holdings in SS&C Technologies were worth $446,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Quent Capital LLC lifted its stake in shares of SS&C Technologies by 76.8% in the 1st quarter. Quent Capital LLC now owns 396 shares of the technology company’s stock valued at $25,000 after purchasing an additional 172 shares during the period. Innealta Capital LLC purchased a new stake in shares of SS&C Technologies during the 2nd quarter worth about $26,000. ST Germain D J Co. Inc. acquired a new stake in shares of SS&C Technologies during the 1st quarter valued at about $27,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of SS&C Technologies in the 2nd quarter valued at about $35,000. Finally, Benjamin Edwards Inc. raised its holdings in SS&C Technologies by 43.3% in the 2nd quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company’s stock worth $42,000 after purchasing an additional 204 shares during the period. Hedge funds and other institutional investors own 96.95% of the company’s stock.

SS&C Technologies Stock Performance

SSNC opened at $75.27 on Tuesday. The firm has a market capitalization of $18.62 billion, a PE ratio of 29.99 and a beta of 1.38. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.01. SS&C Technologies Holdings, Inc. has a twelve month low of $46.61 and a twelve month high of $76.94. The firm’s 50-day moving average price is $72.24 and its 200 day moving average price is $65.85.

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 firm 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 business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.96 earnings per share. As a group, sell-side analysts expect that SS&C Technologies Holdings, Inc. will post 4.66 EPS for the current fiscal year.

SS&C Technologies announced that its Board of Directors has initiated a share repurchase plan on Thursday, July 25th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the technology company to buy up to 5.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

SS&C Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were given a dividend of $0.25 per share. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend was Tuesday, September 3rd. SS&C Technologies’s dividend payout ratio (DPR) is presently 39.84%.

Insiders Place Their Bets

In other news, Director Smita Conjeevaram sold 48,500 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 9,576 shares of the company’s stock, valued at approximately $678,172.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Smita Conjeevaram sold 48,500 shares of the stock in a transaction on Tuesday, August 13th. The stock was 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 approximately $678,172.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Normand A. Boulanger sold 130,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now owns 333,576 shares in the company, valued at $25,144,958.88. The disclosure for this sale can be found here. Insiders have sold 590,690 shares of company stock valued at $43,377,625 over the last ninety days. Company insiders own 15.40% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the company. Needham & Company LLC raised their price objective on SS&C Technologies from $81.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, September 19th. 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 report on Friday. Finally, Royal Bank of Canada increased their price objective on shares of SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, SS&C Technologies has an average rating of “Moderate Buy” and a consensus price target of $73.75.

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.