Cerity Partners LLC Has $4.75 Million Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Cerity Partners LLC raised its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 148.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,973 shares of the technology company’s stock after buying an additional 38,211 shares during the quarter. Cerity Partners LLC’s holdings in SS&C Technologies were worth $4,747,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Raymond James Trust N.A. grew its holdings in SS&C Technologies by 2.5% during the third quarter. Raymond James Trust N.A. now owns 21,683 shares of the technology company’s stock valued at $1,609,000 after purchasing an additional 538 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of SS&C Technologies by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 795,012 shares of the technology company’s stock valued at $58,998,000 after buying an additional 3,881 shares during the period. Integrated Investment Consultants LLC increased its position in shares of SS&C Technologies by 2.1% in the 3rd quarter. Integrated Investment Consultants LLC now owns 20,320 shares of the technology company’s stock valued at $1,508,000 after buying an additional 419 shares in the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in SS&C Technologies during the 3rd quarter worth $2,412,000. Finally, Landscape Capital Management L.L.C. bought a new position in SS&C Technologies during the third quarter worth about $264,000. 96.95% of the stock is owned by institutional investors.

SS&C Technologies Price Performance

Shares of NASDAQ SSNC opened at $77.36 on Friday. SS&C Technologies Holdings, Inc. has a fifty-two week low of $55.57 and a fifty-two week high of $77.53. The stock has a market capitalization of $19.16 billion, a price-to-earnings ratio of 27.73 and a beta of 1.39. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The business has a 50-day moving average of $74.20 and a 200-day moving average of $69.67.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, October 24th. The technology company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.03. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the prior year, the business posted $1.04 EPS. The business’s revenue was up 7.3% compared to the same quarter last year. As a group, sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Monday, December 2nd. SS&C Technologies’s dividend payout ratio (DPR) is presently 35.84%.

Analyst Ratings Changes

A number of research firms have recently commented on SSNC. Raymond James raised their price target on SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 25th. Royal Bank of Canada lifted 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 note on Thursday, September 19th. DA Davidson reissued a “buy” rating and set a $92.00 price objective on shares of SS&C Technologies in a research report on Thursday, October 10th. StockNews.com cut shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of SS&C Technologies in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $77.75.

Insider Transactions at SS&C Technologies

In related news, SVP Jason Douglas White sold 69,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total value of $5,317,830.00. Following the sale, the senior vice president now owns 6,412 shares in the company, valued at approximately $494,172.84. This represents a 91.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Jay Zamkow sold 19,000 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $75.97, for a total value of $1,443,430.00. Following the sale, the director now directly owns 22,576 shares of the company’s stock, valued at $1,715,098.72. This represents a 45.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 218,000 shares of company stock worth $16,560,660 in the last ninety days. Insiders own 15.40% of the company’s stock.

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.