SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC grew its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 27.6% during the third quarter, Holdings Channel.com reports. The firm owned 75,725 shares of the technology company’s stock after acquiring an additional 16,374 shares during the period. Fisher Asset Management LLC’s holdings in SS&C Technologies were worth $5,620,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Daiwa Securities Group Inc. raised its stake in SS&C Technologies by 5.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 39,301 shares of the technology company’s stock worth $2,916,000 after acquiring an additional 2,102 shares in the last quarter. Summit Trail Advisors LLC raised its stake in SS&C Technologies by 5.1% during the 3rd quarter. Summit Trail Advisors LLC now owns 7,474 shares of the technology company’s stock worth $555,000 after acquiring an additional 362 shares in the last quarter. Swedbank AB raised its stake in SS&C Technologies by 1.2% during the 3rd quarter. Swedbank AB now owns 1,491,961 shares of the technology company’s stock worth $110,718,000 after acquiring an additional 16,971 shares in the last quarter. Cerity Partners LLC raised its stake in SS&C Technologies by 148.3% during the 3rd quarter. Cerity Partners LLC now owns 63,973 shares of the technology company’s stock worth $4,747,000 after acquiring an additional 38,211 shares in the last quarter. Finally, Raymond James Trust N.A. raised its stake in SS&C Technologies by 2.5% during the 3rd quarter. Raymond James Trust N.A. now owns 21,683 shares of the technology company’s stock worth $1,609,000 after acquiring an additional 538 shares in the last quarter. 96.95% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Stock Up 0.3 %

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

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.03. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.44 billion. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.33%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.04 earnings per share. As a group, equities research analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Monday, December 2nd. SS&C Technologies’s dividend payout ratio is currently 35.84%.

Wall Street Analyst Weigh In

Several brokerages recently commented on SSNC. Royal Bank of Canada lifted their price target on shares of SS&C Technologies from $75.00 to $86.00 and gave the stock an “outperform” rating in a research note on Thursday, September 19th. StockNews.com lowered shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Raymond James lifted their price objective on shares of SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. DA Davidson restated a “buy” rating and issued a $92.00 price objective on shares of SS&C Technologies in a research note on Thursday, October 10th. Finally, Needham & Company LLC restated a “buy” rating and issued a $90.00 price objective on shares of SS&C Technologies in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating, six have assigned 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 a consensus rating of “Moderate Buy” and a consensus target price of $77.75.

Insider Buying and Selling

In related news, 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 sale, the director now owns 333,576 shares of the company’s stock, valued at approximately $25,144,958.88. The trade was a 28.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jason Douglas White sold 69,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the sale, the senior vice president now directly owns 6,412 shares in the company, valued at approximately $494,172.84. This represents a 91.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 218,000 shares of company stock valued at $16,560,660. Corporate insiders own 15.40% of the company’s stock.

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.