Hilltop National Bank Raises Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Hilltop National Bank boosted its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 18.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,976 shares of the technology company’s stock after purchasing an additional 303 shares during the quarter. Hilltop National Bank’s holdings in SS&C Technologies were worth $124,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GHP Investment Advisors Inc. raised its position in SS&C Technologies by 22.8% in the 4th quarter. GHP Investment Advisors Inc. now owns 104,210 shares of the technology company’s stock valued at $6,368,000 after purchasing an additional 19,374 shares during the last quarter. Burgundy Asset Management Ltd. raised its position in SS&C Technologies by 2.2% in the 4th quarter. Burgundy Asset Management Ltd. now owns 4,716,792 shares of the technology company’s stock valued at $288,243,000 after purchasing an additional 101,948 shares during the last quarter. Mackenzie Financial Corp raised its position in SS&C Technologies by 18.8% in the 4th quarter. Mackenzie Financial Corp now owns 1,017,953 shares of the technology company’s stock valued at $62,207,000 after purchasing an additional 161,165 shares during the last quarter. SG Americas Securities LLC raised its position in SS&C Technologies by 39.3% in the 1st quarter. SG Americas Securities LLC now owns 66,879 shares of the technology company’s stock valued at $4,305,000 after purchasing an additional 18,878 shares during the last quarter. Finally, UBS Group AG raised its position in SS&C Technologies by 24.5% in the 4th quarter. UBS Group AG now owns 401,090 shares of the technology company’s stock valued at $24,511,000 after purchasing an additional 79,029 shares during the last quarter. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Analyst Ratings Changes

SSNC has been the subject of several research reports. Needham & Company LLC upped their price target on shares of SS&C Technologies from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, July 26th. DA Davidson boosted their price objective on shares of SS&C Technologies from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Royal Bank of Canada boosted their price objective on shares of SS&C Technologies from $72.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, Jefferies Financial Group boosted their price objective on shares of SS&C Technologies from $54.00 to $61.00 and gave the company a “hold” rating in a research note on Monday, April 29th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $70.75.

SS&C Technologies Price Performance

Shares of NASDAQ:SSNC traded up $0.32 on Wednesday, reaching $69.65. 1,279,846 shares of the company were exchanged, compared to its average volume of 993,130. 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 Holdings, Inc. has a 1-year low of $46.61 and a 1-year high of $73.97. The firm has a market cap of $17.23 billion, a price-to-earnings ratio of 27.75 and a beta of 1.38. The company has a 50-day moving average of $64.78 and a 200-day moving average of $63.25.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, July 25th. The technology company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.20 by $0.07. SS&C Technologies had a net margin of 12.33% and a return on equity of 17.52%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the firm earned $0.96 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. Equities analysts forecast that SS&C Technologies Holdings, Inc. will post 4.66 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a $0.24 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.96 annualized dividend and a dividend yield of 1.38%. SS&C Technologies’s dividend payout ratio is presently 38.25%.

Insider Buying and Selling

In other SS&C Technologies news, Director Michael Jay Zamkow sold 10,000 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $63.94, for a total value of $639,400.00. Following the transaction, the director now directly owns 38,000 shares in the company, valued at approximately $2,429,720. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have sold 32,500 shares of company stock worth $2,027,750 in the last three months. Corporate insiders own 15.40% of the company’s stock.

About SS&C Technologies

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.