Natixis Advisors LLC Raises Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Natixis Advisors LLC raised its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 6.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 597,888 shares of the technology company’s stock after buying an additional 37,833 shares during the period. Natixis Advisors LLC owned approximately 0.24% of SS&C Technologies worth $44,370,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new position in SS&C Technologies in the second quarter valued at about $26,000. Ashton Thomas Private Wealth LLC purchased a new position in SS&C Technologies in the second quarter valued at about $35,000. Benjamin Edwards Inc. increased 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 buying an additional 204 shares in the last quarter. Versant Capital Management Inc increased its holdings in SS&C Technologies by 6,300.0% in the second quarter. Versant Capital Management Inc now owns 704 shares of the technology company’s stock valued at $44,000 after buying an additional 693 shares in the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in shares of SS&C Technologies during the 2nd quarter worth approximately $47,000. 96.95% of the stock is owned by hedge funds and other institutional investors.

SS&C Technologies Stock Performance

Shares of SSNC stock opened at $73.40 on Monday. SS&C Technologies Holdings, Inc. has a 12 month low of $54.44 and a 12 month high of $77.02. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market capitalization of $18.18 billion, a P/E ratio of 26.31 and a beta of 1.39. The company’s fifty day moving average price is $74.03 and its two-hundred day moving average price is $69.01.

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

SS&C Technologies announced that its Board of Directors has authorized a share repurchase plan on Thursday, July 25th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the technology company to buy up to 5.4% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

SS&C Technologies Increases Dividend

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

Insider Transactions at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 19,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now owns 22,576 shares of the company’s stock, valued at $1,715,098.72. This represents a 45.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 directly owns 333,576 shares of the company’s stock, valued at approximately $25,144,958.88. This represents a 28.04 % 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. Insiders own 15.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SSNC. DA Davidson reissued a “buy” rating and set a $92.00 price objective on shares of SS&C Technologies in a research note on Thursday, October 10th. Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of SS&C Technologies in a research note on Friday, October 25th. Royal Bank of Canada raised 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 note on Thursday, September 19th. Raymond James raised 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 research note on Friday, October 25th. Finally, StockNews.com cut shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday. Two investment 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. According to data from MarketBeat, SS&C Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.75.

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.