Transcend Capital Advisors LLC Raises Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Transcend Capital Advisors LLC grew its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 13.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,822 shares of the technology company’s stock after acquiring an additional 451 shares during the period. Transcend Capital Advisors LLC’s holdings in SS&C Technologies were worth $290,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in SSNC. Janus Henderson Group PLC boosted its holdings in shares of SS&C Technologies by 5.4% in the third quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company’s stock valued at $1,191,774,000 after acquiring an additional 817,501 shares in the last quarter. KBC Group NV boosted its holdings in shares of SS&C Technologies by 403.0% in the fourth quarter. KBC Group NV now owns 839,536 shares of the technology company’s stock valued at $63,620,000 after acquiring an additional 672,641 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of SS&C Technologies by 250.9% in the third quarter. Point72 Asset Management L.P. now owns 593,700 shares of the technology company’s stock valued at $44,058,000 after acquiring an additional 424,487 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in shares of SS&C Technologies by 433.9% in the third quarter. Two Sigma Advisers LP now owns 415,400 shares of the technology company’s stock valued at $30,827,000 after acquiring an additional 337,600 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of SS&C Technologies by 44.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 897,198 shares of the technology company’s stock valued at $66,581,000 after acquiring an additional 275,186 shares in the last quarter. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Insider Activity

In other news, SVP Jason Douglas White sold 69,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total value of $5,317,830.00. Following the completion of the transaction, the senior vice president now owns 6,412 shares of the company’s stock, valued at $494,172.84. The trade was a 91.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO William C. Stone sold 247,300 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $76.61, for a total transaction of $18,945,653.00. Following the completion of the transaction, the chief executive officer now directly owns 31,837,926 shares of the company’s stock, valued at approximately $2,439,103,510.86. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 520,000 shares of company stock valued at $40,777,638 over the last 90 days. Insiders own 15.40% of the company’s stock.

SS&C Technologies Stock Performance

Shares of SSNC opened at $88.60 on Monday. 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 $21.94 billion, a P/E ratio of 29.53 and a beta of 1.38. The company has a 50-day moving average of $80.04 and a two-hundred day moving average of $76.29. SS&C Technologies Holdings, Inc. has a 12-month low of $59.63 and a 12-month high of $89.50.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.09. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. As a group, research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Monday, March 3rd. SS&C Technologies’s dividend payout ratio is presently 33.33%.

Analysts Set New Price Targets

A number of research firms recently commented on SSNC. DA Davidson boosted their price objective on shares of SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Raymond James boosted their price objective on shares of SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a report on Friday, February 7th. UBS Group boosted their price objective on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Jefferies Financial Group raised shares of SS&C Technologies from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. Finally, StockNews.com raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, SS&C Technologies presently has an average rating of “Buy” and an average price target of $97.50.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.