Capstone Investment Advisors LLC Reduces Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Capstone Investment Advisors LLC decreased its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 7.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 4,044 shares of the technology company’s stock after selling 339 shares during the quarter. Capstone Investment Advisors LLC’s holdings in SS&C Technologies were worth $300,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of SSNC. Innealta Capital LLC acquired a new stake in shares of SS&C Technologies during the 2nd quarter worth approximately $26,000. Ashton Thomas Private Wealth LLC purchased a new stake in SS&C Technologies in the second quarter valued at $35,000. Benjamin Edwards Inc. raised its position 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. Versant Capital Management Inc grew its holdings in shares of SS&C Technologies by 6,300.0% during the 2nd quarter. Versant Capital Management Inc now owns 704 shares of the technology company’s stock worth $44,000 after purchasing an additional 693 shares during the period. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of SS&C Technologies during the 2nd quarter worth about $47,000. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Analysts Set New Price Targets

SSNC has been the topic of a number of recent analyst reports. Royal Bank of Canada upped their target price on shares of SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. Raymond James upped their price objective on shares of SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of SS&C Technologies in a report on Friday, October 25th. StockNews.com cut SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $92.00 price objective on shares of SS&C Technologies in a research note on Thursday, October 10th. Two investment 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. Based on data from MarketBeat.com, SS&C Technologies has an average rating of “Moderate Buy” and a consensus price target of $77.75.

SS&C Technologies Stock Down 0.0 %

SS&C Technologies stock opened at $77.34 on Friday. The firm has a market capitalization of $19.16 billion, a P/E ratio of 27.72 and a beta of 1.39. The stock’s fifty day simple moving average is $74.22 and its 200-day simple moving average is $69.73. SS&C Technologies Holdings, Inc. has a twelve month low of $55.63 and a twelve month high of $77.69. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $1.44 billion. During the same quarter last year, the company earned $1.04 EPS. SS&C Technologies’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, equities analysts expect that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

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

Insiders Place Their Bets

In related news, SVP Jason Douglas White sold 69,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the completion of the transaction, the senior vice president now owns 6,412 shares in the company, valued at approximately $494,172.84. The trade was a 91.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Normand A. Boulanger sold 130,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $75.38, for a total value of $9,799,400.00. Following the completion of the transaction, the director now directly owns 333,576 shares in the company, valued at $25,144,958.88. This trade represents a 28.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 218,000 shares of company stock worth $16,560,660 in the last 90 days. 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.