GSA Capital Partners LLP Buys 4,544 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

GSA Capital Partners LLP lifted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 109.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,697 shares of the technology company’s stock after acquiring an additional 4,544 shares during the period. GSA Capital Partners LLP’s holdings in SS&C Technologies were worth $645,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in SSNC. Swedbank AB bought a new position in shares of SS&C Technologies in the 1st quarter worth $94,939,000. Millennium Management LLC raised its position in shares of SS&C Technologies by 49.2% in the 2nd quarter. Millennium Management LLC now owns 3,399,874 shares of the technology company’s stock worth $213,070,000 after acquiring an additional 1,120,961 shares in the last quarter. AQR Capital Management LLC grew its stake in SS&C Technologies by 82.1% during the 2nd quarter. AQR Capital Management LLC now owns 1,267,057 shares of the technology company’s stock worth $78,900,000 after buying an additional 571,334 shares during the last quarter. Capital International Investors grew its stake in SS&C Technologies by 111.1% during the 1st quarter. Capital International Investors now owns 1,071,540 shares of the technology company’s stock worth $68,975,000 after buying an additional 564,017 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in SS&C Technologies by 14.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,696,702 shares of the technology company’s stock worth $168,995,000 after buying an additional 349,911 shares during the last quarter. 96.95% of the stock is owned by institutional investors.

Insider Buying and Selling

In other SS&C Technologies news, Director Normand A. Boulanger sold 130,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $75.38, for a total transaction of $9,799,400.00. Following the completion of the transaction, the director now owns 333,576 shares of the company’s stock, valued at $25,144,958.88. This represents a 28.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Jay Zamkow sold 19,000 shares of the 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 transaction, the director now directly owns 22,576 shares of the company’s stock, valued at $1,715,098.72. The trade was a 45.70 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 561,190 shares of company stock valued at $41,386,285. 15.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

SSNC has been the topic of several research analyst reports. Royal Bank of Canada boosted their target price on 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 downgraded SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday. DA Davidson reiterated a “buy” rating and set a $92.00 price target on shares of SS&C Technologies in a research note on Thursday, October 10th. Raymond James boosted their price target on 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. Finally, Needham & Company LLC reiterated a “buy” rating and set a $90.00 price target 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 given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.75.

SS&C Technologies Stock Up 0.1 %

Shares of SSNC opened at $73.51 on Tuesday. SS&C Technologies Holdings, Inc. has a 52 week low of $54.75 and a 52 week high of $77.02. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $18.21 billion, a price-to-earnings ratio of 26.35 and a beta of 1.39. The stock’s 50-day moving average price is $74.05 and its 200-day moving average price is $69.09.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, October 24th. The technology company reported $1.29 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 firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the business earned $1.04 earnings per share. The company’s revenue was up 7.3% compared to the same quarter last year. On average, sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current year.

SS&C Technologies declared that its Board of Directors has approved a share repurchase plan on Thursday, July 25th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to buy up to 5.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

SS&C Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were issued a $0.25 dividend. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, September 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.36%. SS&C Technologies’s dividend payout ratio is presently 35.84%.

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.