Captrust Financial Advisors Purchases 801 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Captrust Financial Advisors boosted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 11.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 8,018 shares of the technology company’s stock after acquiring an additional 801 shares during the quarter. Captrust Financial Advisors’ holdings in SS&C Technologies were worth $595,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Assenagon Asset Management S.A. lifted its holdings in SS&C Technologies by 2,178.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 104,797 shares of the technology company’s stock worth $6,568,000 after purchasing an additional 100,197 shares during the last quarter. National Pension Service lifted its holdings in shares of SS&C Technologies by 5.4% during the third quarter. National Pension Service now owns 530,166 shares of the technology company’s stock worth $39,344,000 after buying an additional 27,336 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of SS&C Technologies in the second quarter valued at about $1,661,000. Jackson Square Capital LLC acquired a new position in shares of SS&C Technologies in the third quarter valued at about $1,612,000. Finally, Burgundy Asset Management Ltd. increased its position in SS&C Technologies by 4.3% during the second quarter. Burgundy Asset Management Ltd. now owns 4,942,374 shares of the technology company’s stock worth $309,739,000 after acquiring an additional 201,632 shares during the period. Institutional investors own 96.95% of the company’s stock.

SS&C Technologies Stock Performance

NASDAQ:SSNC opened at $77.25 on Thursday. SS&C Technologies Holdings, Inc. has a 1-year low of $57.53 and a 1-year high of $77.69. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The stock has a market cap of $19.13 billion, a P/E ratio of 27.69 and a beta of 1.38. The stock’s 50-day moving average is $74.64 and its 200-day moving average is $70.63.

SS&C Technologies (NASDAQ:SSNC) last issued 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. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the company earned $1.04 earnings per share. The firm’s revenue was up 7.3% compared to the same quarter last year. Equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current year.

SS&C Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 1.29%. SS&C Technologies’s dividend payout ratio is currently 35.84%.

Insider Activity

In other news, Director Michael Jay Zamkow sold 19,000 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $75.97, for a total value of $1,443,430.00. Following the completion of the sale, the director now owns 22,576 shares in the company, valued at $1,715,098.72. This represents a 45.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO William C. Stone sold 247,300 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was 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 of the company’s stock, valued at $2,439,103,510.86. The trade was a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 598,000 shares of company stock worth $45,704,308 in the last quarter. 15.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

SSNC has been the topic of a number of analyst reports. Needham & Company LLC restated a “buy” rating and set a $90.00 target price on shares of SS&C Technologies in a research report on Friday, October 25th. Royal Bank of Canada increased their price target on SS&C Technologies from $75.00 to $86.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. StockNews.com cut SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. DA Davidson reissued a “buy” rating and set a $92.00 target price on shares of SS&C Technologies in a report on Thursday, October 10th. Finally, Raymond James lifted their price objective on shares of 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 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. Based on data from MarketBeat.com, SS&C Technologies presently has an average rating of “Moderate Buy” and an average target price of $77.75.

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.