SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Bought by APG Asset Management N.V.

APG Asset Management N.V. grew its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 62.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 451,166 shares of the technology company’s stock after purchasing an additional 173,687 shares during the period. APG Asset Management N.V.’s holdings in SS&C Technologies were worth $26,382,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Quent Capital LLC lifted its stake in SS&C Technologies by 76.8% during the first quarter. Quent Capital LLC now owns 396 shares of the technology company’s stock worth $25,000 after purchasing an additional 172 shares in the last quarter. Innealta Capital LLC acquired a new position in SS&C Technologies during the second quarter worth $26,000. ST Germain D J Co. Inc. purchased a new stake in shares of SS&C Technologies during the first quarter worth $27,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of SS&C Technologies during the second quarter worth $35,000. Finally, Benjamin Edwards Inc. boosted its holdings in SS&C Technologies by 43.3% in the second quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company’s stock valued at $42,000 after purchasing an additional 204 shares during the period. 96.95% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Stock Down 0.8 %

Shares of NASDAQ:SSNC opened at $73.92 on Friday. The firm has a 50 day simple moving average of $72.78 and a 200-day simple moving average of $66.14. SS&C Technologies Holdings, Inc. has a twelve month low of $46.61 and a twelve month high of $76.94. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $18.14 billion, a PE ratio of 29.45 and a beta of 1.38.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Thursday, July 25th. The technology company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 12.33% and a return on equity of 17.43%. SS&C Technologies’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.96 earnings per share. On average, equities analysts predict that SS&C Technologies Holdings, Inc. will post 4.66 EPS for the current fiscal year.

SS&C Technologies Increases Dividend

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

SS&C Technologies declared that its board has authorized 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 repurchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SSNC shares. DA Davidson increased their price target on SS&C Technologies from $88.00 to $92.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Needham & Company LLC raised their target price on shares of SS&C Technologies from $81.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Finally, 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. 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.75.

Insider Buying and Selling at SS&C Technologies

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

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.