Archford Capital Strategies LLC Raises Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Archford Capital Strategies LLC boosted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 3.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,544 shares of the technology company’s stock after buying an additional 1,025 shares during the quarter. Archford Capital Strategies LLC’s holdings in SS&C Technologies were worth $2,390,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

SSNC has been the subject of several analyst reports. 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 report on Friday, October 25th. DA Davidson reissued a “buy” rating and issued a $92.00 target price on shares of SS&C Technologies in a research report on Thursday, October 10th. StockNews.com downgraded shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Finally, 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. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, SS&C Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $77.75.

Insider Buying and Selling

In other news, SVP Jason Douglas White sold 69,000 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now owns 6,412 shares of the company’s stock, valued at approximately $494,172.84. This trade represents a 91.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William C. Stone sold 247,300 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $76.61, for a total transaction of $18,945,653.00. Following the completion of the sale, the chief executive officer now directly owns 31,837,926 shares in the company, valued at $2,439,103,510.86. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 449,000 shares of company stock valued at $34,461,478 in the last quarter. Company insiders own 15.40% of the company’s stock.

SS&C Technologies Trading Up 0.5 %

NASDAQ:SSNC opened at $79.98 on Friday. SS&C Technologies Holdings, Inc. has a 12 month low of $59.53 and a 12 month high of $80.67. The business’s 50-day moving average is $76.51 and its two-hundred day moving average is $73.94. 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 $19.81 billion, a PE ratio of 28.67 and a beta of 1.37.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, beating the consensus estimate 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 business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the business posted $1.04 EPS. The company’s revenue was up 7.3% on a year-over-year basis. Research analysts predict 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 was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Monday, December 2nd. SS&C Technologies’s payout ratio is 35.84%.

SS&C Technologies Company Profile

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.