Delphi Management Inc. MA Purchases 7,057 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Delphi Management Inc. MA increased its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 33.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,282 shares of the technology company’s stock after acquiring an additional 7,057 shares during the quarter. SS&C Technologies comprises about 1.4% of Delphi Management Inc. MA’s investment portfolio, making the stock its 25th biggest position. Delphi Management Inc. MA’s holdings in SS&C Technologies were worth $1,772,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Burgundy Asset Management Ltd. lifted its position in shares of SS&C Technologies by 2.2% during the 4th quarter. Burgundy Asset Management Ltd. now owns 4,716,792 shares of the technology company’s stock worth $288,243,000 after purchasing an additional 101,948 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of SS&C Technologies by 39.3% in the first quarter. SG Americas Securities LLC now owns 66,879 shares of the technology company’s stock valued at $4,305,000 after acquiring an additional 18,878 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of SS&C Technologies by 2,178.2% in the second quarter. Assenagon Asset Management S.A. now owns 104,797 shares of the technology company’s stock worth $6,568,000 after acquiring an additional 100,197 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in SS&C Technologies by 4.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 253,867 shares of the technology company’s stock worth $16,341,000 after acquiring an additional 11,497 shares during the period. Finally, CastleKnight Management LP raised its stake in SS&C Technologies by 44.1% during the 4th quarter. CastleKnight Management LP now owns 16,000 shares of the technology company’s stock valued at $978,000 after purchasing an additional 4,900 shares during the last quarter. Institutional investors and hedge funds own 96.95% of the company’s stock.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, Director Smita Conjeevaram sold 48,500 shares of SS&C Technologies stock in a transaction 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 completion of the transaction, the director now owns 9,576 shares in the company, valued at approximately $678,172.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, COO Rahul Kanwar sold 412,190 shares of SS&C Technologies stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $73.13, for a total transaction of $30,143,454.70. Following the transaction, the chief operating officer now owns 57,642 shares of the company’s stock, valued at approximately $4,215,359.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Smita Conjeevaram sold 48,500 shares of the company’s 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 sale, the director now directly owns 9,576 shares of the company’s stock, valued at approximately $678,172.32. The disclosure for this sale can be found here. Insiders have sold 609,690 shares of company stock valued at $44,821,055 in the last three months. 15.40% of the stock is owned by corporate insiders.

SS&C Technologies Price Performance

Shares of SSNC stock opened at $74.21 on Tuesday. The stock’s fifty day simple moving average is $72.91 and its 200 day simple moving average is $66.27. SS&C Technologies Holdings, Inc. has a one year low of $46.61 and a one year high of $76.94. The firm has a market cap of $18.35 billion, a price-to-earnings ratio of 29.57 and a beta of 1.38. 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 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 company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.43 billion. SS&C Technologies had a net margin of 12.33% and a return on equity of 17.43%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.96 EPS. On average, analysts expect that SS&C Technologies Holdings, Inc. will post 4.66 earnings per share for the current fiscal year.

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

SS&C Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.35%. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.24. SS&C Technologies’s payout ratio is 39.84%.

Analysts Set New Price Targets

Several research firms have issued reports on SSNC. Needham & Company LLC raised their price target on shares of SS&C Technologies from $81.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. DA Davidson boosted their price target on SS&C Technologies from $88.00 to $92.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Finally, Royal Bank of Canada upped their price target on SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. Three equities 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $73.75.

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.