SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Stock Holdings Boosted by Creative Planning

Creative Planning lifted its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 9.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,131 shares of the technology company’s stock after buying an additional 735 shares during the period. Creative Planning’s holdings in SS&C Technologies were worth $510,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SSNC. Quent Capital LLC lifted its holdings in SS&C Technologies by 76.8% in the 1st quarter. Quent Capital LLC now owns 396 shares of the technology company’s stock valued at $25,000 after acquiring an additional 172 shares during the last quarter. Innealta Capital LLC bought a new stake in SS&C Technologies during the second quarter worth approximately $26,000. ST Germain D J Co. Inc. acquired a new position in SS&C Technologies in the first quarter worth approximately $27,000. Ashton Thomas Private Wealth LLC bought a new position in shares of SS&C Technologies in the second quarter valued at $35,000. Finally, Benjamin Edwards Inc. lifted its position in shares of SS&C Technologies by 43.3% during the 2nd quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company’s stock valued at $42,000 after acquiring an additional 204 shares during the last quarter. Institutional investors and hedge funds own 96.95% of the company’s stock.

Insider Buying and Selling

In other news, Director Smita Conjeevaram sold 48,500 shares of the stock in a transaction 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 sale, the director now owns 9,576 shares in the company, valued at approximately $678,172.32. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other SS&C Technologies news, COO Rahul Kanwar sold 412,190 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was 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 in the company, valued at approximately $4,215,359.46. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $3,434,770.00. Following the transaction, the director now directly owns 9,576 shares in the company, valued at approximately $678,172.32. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 609,690 shares of company stock worth $44,821,055 in the last quarter. 15.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SSNC has been the topic of several recent analyst reports. DA Davidson restated a “buy” rating and set a $92.00 price objective on shares of SS&C Technologies in a report on Thursday, October 10th. 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. Finally, Royal Bank of Canada lifted their price objective on shares of SS&C Technologies from $75.00 to $86.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $73.75.

SS&C Technologies Stock Up 0.2 %

Shares of SSNC stock opened at $75.60 on Tuesday. The stock’s 50 day simple moving average is $73.57 and its 200 day simple moving average is $67.00. 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 debt-to-equity ratio of 1.01, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $18.55 billion, a price-to-earnings ratio of 27.49 and a beta of 1.38.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results 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 firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the company earned $0.96 EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, research analysts predict that SS&C Technologies Holdings, Inc. will post 4.66 EPS for the current year.

SS&C Technologies declared that its board has initiated a share buyback program on Thursday, July 25th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to repurchase up to 5.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its shares are 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 issued a $0.25 dividend. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, September 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.32%. SS&C Technologies’s dividend payout ratio is presently 36.36%.

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.