Denali Advisors LLC Invests $51,000 in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Denali Advisors LLC purchased a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the first quarter, Holdings Channel reports. The firm purchased 800 shares of the technology company’s stock, valued at approximately $51,000.

Other large investors have also added to or reduced their stakes in the company. Headinvest LLC acquired a new stake in SS&C Technologies during the third quarter worth approximately $26,000. ST Germain D J Co. Inc. acquired a new stake in SS&C Technologies during the first quarter worth approximately $27,000. Fortis Group Advisors LLC acquired a new stake in SS&C Technologies during the third quarter worth approximately $53,000. Principal Securities Inc. acquired a new stake in SS&C Technologies during the fourth quarter worth approximately $53,000. Finally, Tobam grew its position in SS&C Technologies by 1,428.8% during the fourth quarter. Tobam now owns 1,009 shares of the technology company’s stock worth $62,000 after buying an additional 943 shares in the last quarter. Institutional investors and hedge funds own 96.95% of the company’s stock.

SS&C Technologies Stock Up 0.5 %

SS&C Technologies stock traded up $0.29 during midday trading on Wednesday, reaching $62.76. The stock had a trading volume of 323,504 shares, compared to its average volume of 954,361. SS&C Technologies Holdings, Inc. has a 12 month low of $46.61 and a 12 month high of $65.86. The company has a market capitalization of $15.52 billion, a P/E ratio of 24.89 and a beta of 1.38. The company has a fifty day moving average price of $62.16 and a two-hundred day moving average price of $61.98. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, April 25th. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.03. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. SS&C Technologies had a return on equity of 17.10% and a net margin of 11.46%. As a group, equities analysts expect 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 announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a $0.24 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.53%. SS&C Technologies’s payout ratio is presently 38.25%.

Insider Transactions at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 7,500 shares of SS&C Technologies stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $60.46, for a total value of $453,450.00. Following the sale, the director now owns 41,576 shares of the company’s stock, valued at approximately $2,513,684.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 32,500 shares of company stock worth $2,027,750 in the last 90 days. Insiders own 15.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Needham & Company LLC raised their target price on SS&C Technologies from $70.00 to $74.00 and gave the company a “buy” rating in a report on Friday, April 26th. DA Davidson reaffirmed a “buy” rating and set a $78.00 target price on shares of SS&C Technologies in a research report on Tuesday, April 16th. Finally, Jefferies Financial Group lifted their price objective on SS&C Technologies from $54.00 to $61.00 and gave the stock a “hold” rating in a research report on Monday, April 29th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, SS&C Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $70.20.

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.