Janus Henderson Group PLC Acquires 817,501 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Janus Henderson Group PLC raised its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 5.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 16,059,475 shares of the technology company’s stock after buying an additional 817,501 shares during the quarter. SS&C Technologies comprises 0.6% of Janus Henderson Group PLC’s portfolio, making the stock its 23rd largest holding. Janus Henderson Group PLC owned about 0.06% of SS&C Technologies worth $1,191,774,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Innealta Capital LLC purchased a new stake in shares of SS&C Technologies during the second quarter valued at about $26,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of SS&C Technologies during the second quarter worth about $35,000. Benjamin Edwards Inc. boosted its stake in SS&C Technologies by 43.3% during the 2nd quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company’s stock worth $42,000 after purchasing an additional 204 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of SS&C Technologies in the second quarter valued at approximately $47,000. Finally, Capital Performance Advisors LLP purchased a new position in SS&C Technologies during the third quarter worth about $68,000. 96.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SSNC has been the subject of several research reports. Royal Bank of Canada lifted their target price on shares of SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of SS&C Technologies in a research note on Friday, October 25th. DA Davidson reissued a “buy” rating and issued a $92.00 price objective on shares of SS&C Technologies in a research note on Thursday, October 10th. StockNews.com lowered shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. Finally, Raymond James upped their target price 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. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $77.75.

SS&C Technologies Trading Down 0.1 %

Shares of SSNC opened at $76.98 on Tuesday. SS&C Technologies Holdings, Inc. has a fifty-two week low of $56.10 and a fifty-two week high of $77.69. The stock has a fifty day moving average of $74.29 and a two-hundred day moving average of $70.01. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market capitalization of $19.07 billion, a PE ratio of 27.59 and a beta of 1.38.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.03. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.44 billion. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.04 earnings per share. As a group, analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current year.

SS&C Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend is Monday, December 2nd. SS&C Technologies’s payout ratio is currently 35.84%.

Insider Transactions at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 19,000 shares of the stock in a transaction on Friday, September 20th. The stock was 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 owns 22,576 shares of the company’s stock, valued at approximately $1,715,098.72. This represents a 45.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Normand A. Boulanger sold 130,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director now owns 333,576 shares of the company’s stock, valued at $25,144,958.88. This trade represents a 28.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 218,000 shares of company stock valued at $16,560,660 over the last quarter. Company 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.