Radnor Capital Management LLC Acquires Shares of 3,715 SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Radnor Capital Management LLC acquired a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,715 shares of the technology company’s stock, valued at approximately $225,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. KB Financial Partners LLC purchased a new position in SS&C Technologies in the first quarter valued at $26,000. Ellevest Inc. grew its position in shares of SS&C Technologies by 165.8% in the first quarter. Ellevest Inc. now owns 497 shares of the technology company’s stock valued at $28,000 after purchasing an additional 310 shares during the period. Harbour Investments Inc. grew its position in shares of SS&C Technologies by 364.3% in the first quarter. Harbour Investments Inc. now owns 520 shares of the technology company’s stock valued at $29,000 after purchasing an additional 408 shares during the period. Machina Capital S.A.S. acquired a new stake in shares of SS&C Technologies in the first quarter valued at about $32,000. Finally, Natixis acquired a new stake in shares of SS&C Technologies in the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 82.17% of the company’s stock.

SS&C Technologies Trading Up 0.3 %

NASDAQ:SSNC traded up $0.15 on Friday, hitting $55.65. The stock had a trading volume of 80,836 shares, compared to its average volume of 1,167,964. The company has a fifty day moving average price of $57.71 and a two-hundred day moving average price of $57.14. SS&C Technologies Holdings, Inc. has a 1-year low of $45.25 and a 1-year high of $64.52. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 1.10. The stock has a market cap of $13.81 billion, a price-to-earnings ratio of 22.93 and a beta of 1.41.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings results on Thursday, July 27th. The technology company reported $0.96 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.05). SS&C Technologies had a net margin of 11.59% and a return on equity of 17.56%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Equities research analysts expect that SS&C Technologies Holdings, Inc. will post 4.2 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a $0.24 dividend. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, August 31st. This represents a $0.96 annualized dividend and a dividend yield of 1.73%. SS&C Technologies’s dividend payout ratio is 39.67%.

Insider Activity

In other news, COO Rahul Kanwar sold 140,000 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $56.76, for a total value of $7,946,400.00. Following the completion of the sale, the chief operating officer now owns 50,000 shares of the company’s stock, valued at approximately $2,838,000. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Normand A. Boulanger sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $55.19, for a total value of $1,103,800.00. Following the transaction, the director now directly owns 380,000 shares in the company, valued at approximately $20,972,200. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Rahul Kanwar sold 140,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $56.76, for a total transaction of $7,946,400.00. Following the completion of the transaction, the chief operating officer now owns 50,000 shares in the company, valued at $2,838,000. The disclosure for this sale can be found here. Insiders sold a total of 220,000 shares of company stock valued at $12,353,800 in the last 90 days. Company insiders own 14.60% of the company’s stock.

Analyst Upgrades and Downgrades

SSNC has been the topic of several research analyst reports. StockNews.com upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 25th. Raymond James dropped their target price on shares of SS&C Technologies from $74.00 to $71.00 in a research report on Friday, July 28th. Needham & Company LLC reiterated a “buy” rating and issued a $71.00 target price on shares of SS&C Technologies in a research report on Friday, July 28th. TheStreet lowered shares of SS&C Technologies from a “b-” rating to a “c+” rating in a research report on Wednesday. Finally, Credit Suisse Group boosted their price target on shares of SS&C Technologies from $83.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. One analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $66.11.

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 include 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 comprising claims adjudication, benefit management, care management, and business intelligence solutions.