University of Texas Texas AM Investment Management Co. Grows Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

University of Texas Texas AM Investment Management Co. increased its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 156.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 73,392 shares of the technology company’s stock after buying an additional 44,762 shares during the period. SS&C Technologies accounts for approximately 0.9% of University of Texas Texas AM Investment Management Co.’s portfolio, making the stock its 22nd largest holding. University of Texas Texas AM Investment Management Co.’s holdings in SS&C Technologies were worth $4,599,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC increased its stake in SS&C Technologies by 183.9% in the second quarter. Cubist Systematic Strategies LLC now owns 10,225 shares of the technology company’s stock valued at $641,000 after acquiring an additional 6,624 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of SS&C Technologies during the 2nd quarter valued at about $1,904,000. Delphi Management Inc. MA increased its position in shares of SS&C Technologies by 33.2% during the 2nd quarter. Delphi Management Inc. MA now owns 28,282 shares of the technology company’s stock valued at $1,772,000 after purchasing an additional 7,057 shares during the last quarter. Brandes Investment Partners LP raised its holdings in shares of SS&C Technologies by 37.0% during the 2nd quarter. Brandes Investment Partners LP now owns 748,324 shares of the technology company’s stock valued at $46,881,000 after buying an additional 202,126 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in SS&C Technologies by 285.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,237 shares of the technology company’s stock worth $140,000 after buying an additional 1,657 shares during the last quarter. Institutional investors own 96.95% of the company’s stock.

Insider Activity

In related news, Director Smita Conjeevaram sold 48,500 shares of the stock in a transaction dated 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 transaction, 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 can be accessed through this hyperlink. In related news, Director Michael Jay Zamkow sold 19,000 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $75.97, for a total value of $1,443,430.00. Following the transaction, the director now directly owns 22,576 shares of the company’s stock, valued at approximately $1,715,098.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Smita Conjeevaram sold 48,500 shares of the 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 sale, the director now owns 9,576 shares in the company, valued at $678,172.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 609,690 shares of company stock worth $44,821,055. Corporate insiders own 15.40% of the company’s stock.

SS&C Technologies Trading Down 0.8 %

NASDAQ:SSNC opened at $73.61 on Wednesday. The company has a 50-day moving average price of $72.91 and a 200-day moving average price of $66.27. The stock has a market cap of $18.07 billion, a price-to-earnings ratio of 29.33 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 12 month low of $46.61 and a 12 month high of $76.94.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Thursday, July 25th. The technology company reported $1.27 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the previous year, the firm posted $0.96 EPS. The business’s revenue was up 6.5% on a year-over-year basis. Equities analysts predict that SS&C Technologies Holdings, Inc. will post 4.66 EPS for the current year.

SS&C Technologies announced that its board has approved a stock repurchase program on Thursday, July 25th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the technology company to purchase up to 5.4% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board 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. Shareholders of record on Tuesday, September 3rd were given 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 1.36%. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.24. SS&C Technologies’s dividend payout ratio (DPR) is currently 39.84%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Royal Bank of Canada increased their price target on shares of SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. DA Davidson lifted their target price on shares of SS&C Technologies from $88.00 to $92.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Finally, Needham & Company LLC upped their price target on shares of SS&C Technologies from $81.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.