Running Oak Capital LLC Has $14.12 Million Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Running Oak Capital LLC boosted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 7.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 186,339 shares of the technology company’s stock after acquiring an additional 12,989 shares during the quarter. SS&C Technologies makes up approximately 1.8% of Running Oak Capital LLC’s holdings, making the stock its 22nd biggest holding. Running Oak Capital LLC’s holdings in SS&C Technologies were worth $14,121,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Janus Henderson Group PLC increased its position in SS&C Technologies by 5.4% in the third quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company’s stock worth $1,191,774,000 after purchasing an additional 817,501 shares during the period. Point72 Asset Management L.P. raised its stake in shares of SS&C Technologies by 250.9% during the third quarter. Point72 Asset Management L.P. now owns 593,700 shares of the technology company’s stock worth $44,058,000 after buying an additional 424,487 shares during the last quarter. Two Sigma Advisers LP lifted its holdings in SS&C Technologies by 433.9% in the third quarter. Two Sigma Advisers LP now owns 415,400 shares of the technology company’s stock valued at $30,827,000 after buying an additional 337,600 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in SS&C Technologies by 44.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 897,198 shares of the technology company’s stock valued at $66,581,000 after acquiring an additional 275,186 shares during the last quarter. Finally, Walleye Capital LLC grew its holdings in SS&C Technologies by 933.2% during the 3rd quarter. Walleye Capital LLC now owns 231,134 shares of the technology company’s stock worth $17,152,000 after acquiring an additional 208,763 shares during the period. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at SS&C Technologies

In other news, CEO William C. Stone sold 132,700 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $76.85, for a total transaction of $10,197,995.00. Following the transaction, the chief executive officer now directly owns 31,837,926 shares in the company, valued at $2,446,744,613.10. The trade was a 0.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Jason Douglas White sold 69,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total value of $5,317,830.00. Following the transaction, the senior vice president now directly owns 6,412 shares in the company, valued at approximately $494,172.84. This trade represents a 91.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 449,000 shares of company stock valued at $34,461,478. Corporate insiders own 15.40% of the company’s stock.

SS&C Technologies Stock Up 0.5 %

SS&C Technologies stock opened at $79.98 on Friday. The company has a 50 day moving average of $76.51 and a 200-day moving average of $73.94. The stock has a market capitalization of $19.81 billion, a PE ratio of 28.67 and a beta of 1.37. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a twelve month low of $59.53 and a twelve month high of $80.67.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Thursday, October 24th. The technology company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.03. The business had revenue of $1.47 billion during 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%. SS&C Technologies’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the company earned $1.04 earnings per share. On average, equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.25%. SS&C Technologies’s dividend payout ratio (DPR) is presently 35.84%.

Wall Street Analysts Forecast Growth

SSNC has been the topic of a number of analyst reports. StockNews.com downgraded SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Raymond James raised their target price on 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 price target on shares of SS&C Technologies in a research report on Friday, October 25th. Finally, 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. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, SS&C Technologies has a consensus rating of “Moderate Buy” and an average target price of $77.75.

About SS&C Technologies

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.