SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Acquired by Burney Co.

Burney Co. increased its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 107.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,139 shares of the technology company’s stock after purchasing an additional 33,716 shares during the period. Burney Co.’s holdings in SS&C Technologies were worth $3,947,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. KB Financial Partners LLC bought a new position in shares of SS&C Technologies in the 1st quarter worth about $26,000. IFP Advisors Inc boosted its stake in SS&C Technologies by 136.1% in the second quarter. IFP Advisors Inc now owns 477 shares of the technology company’s stock valued at $26,000 after acquiring an additional 275 shares during the period. Ellevest Inc. grew its holdings in shares of SS&C Technologies by 165.8% during 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 last quarter. Harbour Investments Inc. raised its position in shares of SS&C Technologies by 364.3% during the 1st quarter. Harbour Investments Inc. now owns 520 shares of the technology company’s stock worth $29,000 after purchasing an additional 408 shares during the period. Finally, Natixis acquired a new stake in shares of SS&C Technologies during the 4th quarter worth approximately $33,000. 82.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SSNC shares. Needham & Company LLC lowered their price objective on SS&C Technologies from $71.00 to $62.00 and set a “buy” rating for the company in a research note on Friday, October 27th. DA Davidson lowered their price target on shares of SS&C Technologies from $70.00 to $66.00 and set a “buy” rating for the company in a research report on Friday, October 27th. TheStreet downgraded shares of SS&C Technologies from a “b-” rating to a “c+” rating in a research report on Wednesday, September 13th. Credit Suisse Group boosted their price objective on SS&C Technologies from $83.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Finally, UBS Group initiated coverage on SS&C Technologies in a research report on Tuesday, November 7th. They issued a “buy” rating and a $72.00 target price on the stock. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, SS&C Technologies currently has an average rating of “Buy” and an average price target of $66.33.

Insider Activity at SS&C Technologies

In other SS&C Technologies news, Director Normand A. Boulanger sold 60,000 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $55.06, for a total value of $3,303,600.00. Following the sale, the director now directly owns 280,000 shares in the company, valued at $15,416,800. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, COO Rahul Kanwar sold 140,000 shares of the firm’s stock in a transaction 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 sale, the chief operating officer now directly 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 hyperlink. Also, Director Normand A. Boulanger sold 60,000 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $55.06, for a total value of $3,303,600.00. Following the sale, the director now directly owns 280,000 shares in the company, valued at $15,416,800. The disclosure for this sale can be found here. Insiders sold 220,000 shares of company stock valued at $12,353,800 over the last 90 days. 15.50% of the stock is currently owned by corporate insiders.

SS&C Technologies Stock Performance

SSNC opened at $54.40 on Wednesday. The business has a 50 day moving average price of $52.51 and a two-hundred day moving average price of $55.82. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market capitalization of $13.47 billion, a price-to-earnings ratio of 22.48 and a beta of 1.41. SS&C Technologies Holdings, Inc. has a 1-year low of $46.61 and a 1-year high of $64.52.

SS&C Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were issued a $0.24 dividend. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, August 31st. This represents a $0.96 annualized dividend and a dividend yield of 1.76%. SS&C Technologies’s dividend payout ratio is 39.67%.

SS&C Technologies 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.