Centiva Capital LP Makes New Investment in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Centiva Capital LP purchased a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 11,969 shares of the technology company’s stock, valued at approximately $888,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Diamond Hill Capital Management Inc. raised its holdings in shares of SS&C Technologies by 0.7% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 7,798,723 shares of the technology company’s stock valued at $488,746,000 after purchasing an additional 53,080 shares in the last quarter. Burgundy Asset Management Ltd. raised its stake in SS&C Technologies by 4.3% in the second quarter. Burgundy Asset Management Ltd. now owns 4,942,374 shares of the technology company’s stock worth $309,739,000 after buying an additional 201,632 shares in the last quarter. FMR LLC raised its stake in SS&C Technologies by 1.5% in the third quarter. FMR LLC now owns 3,984,057 shares of the technology company’s stock worth $295,657,000 after buying an additional 58,389 shares in the last quarter. Millennium Management LLC lifted its holdings in SS&C Technologies by 49.2% during the second quarter. Millennium Management LLC now owns 3,399,874 shares of the technology company’s stock worth $213,070,000 after buying an additional 1,120,961 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in SS&C Technologies by 14.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,696,702 shares of the technology company’s stock valued at $168,995,000 after acquiring an additional 349,911 shares in the last quarter. 96.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Raymond James upped their price objective on SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 25th. Needham & Company LLC reissued a “buy” rating and set a $90.00 price target on shares of SS&C Technologies in a research report on Friday, October 25th. Royal Bank of Canada lifted their price objective on shares of 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 shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $92.00 price target on shares of SS&C Technologies in a report on Thursday, October 10th. Two 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $77.75.

Insider Buying and Selling

In other news, Director Michael Jay Zamkow sold 19,000 shares of the business’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $75.97, for a total value of $1,443,430.00. Following the completion of the transaction, the director now owns 22,576 shares of the company’s stock, valued at $1,715,098.72. The trade was a 45.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jason Douglas White sold 69,000 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total value of $5,317,830.00. Following the completion of the sale, the senior vice president now owns 6,412 shares in the company, valued at $494,172.84. The trade was a 91.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 218,000 shares of company stock valued at $16,560,660 over the last quarter. 15.40% of the stock is currently owned by company insiders.

SS&C Technologies Trading Down 0.6 %

Shares of SS&C Technologies stock opened at $76.47 on Friday. The firm’s 50 day simple moving average is $74.43 and its two-hundred day simple moving average is $70.19. The firm has a market capitalization of $18.94 billion, a price-to-earnings ratio of 27.41 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a 12-month low of $56.62 and a 12-month 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.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share (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 firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the firm earned $1.04 EPS. The firm’s revenue was up 7.3% on a year-over-year basis. Analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current year.

SS&C Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Monday, December 2nd. SS&C Technologies’s payout ratio is 35.84%.

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.