Great Lakes Advisors LLC Decreases Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Great Lakes Advisors LLC trimmed its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 487,089 shares of the technology company’s stock after selling 3,201 shares during the quarter. Great Lakes Advisors LLC’s holdings in SS&C Technologies were worth $30,526,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of SSNC. Victory Capital Management Inc. increased its stake in SS&C Technologies by 20.0% during the 4th quarter. Victory Capital Management Inc. now owns 197,214 shares of the technology company’s stock valued at $12,052,000 after purchasing an additional 32,859 shares in the last quarter. New York Life Investment Management LLC purchased a new stake in SS&C Technologies during the 4th quarter valued at $246,000. Amalgamated Bank boosted its position in shares of SS&C Technologies by 15.0% during the fourth quarter. Amalgamated Bank now owns 28,579 shares of the technology company’s stock valued at $1,746,000 after buying an additional 3,733 shares during the period. National Bank of Canada FI raised its stake in shares of SS&C Technologies by 547.4% during the fourth quarter. National Bank of Canada FI now owns 5,011 shares of the technology company’s stock valued at $303,000 after acquiring an additional 4,237 shares in the last quarter. Finally, Apollon Wealth Management LLC purchased a new position in shares of SS&C Technologies in the 4th quarter valued at $204,000. 96.95% of the stock is owned by hedge funds and other institutional investors.

SS&C Technologies Stock Performance

SS&C Technologies stock traded down $0.87 during trading hours on Friday, reaching $72.10. 1,057,855 shares of the company were exchanged, compared to its average volume of 822,103. SS&C Technologies Holdings, Inc. has a 12 month low of $46.61 and a 12 month high of $75.10. The firm has a market cap of $17.69 billion, a price-to-earnings ratio of 28.73 and a beta of 1.38. The stock has a 50-day moving average of $69.66 and a 200 day moving average of $64.98. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.01.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings results on Thursday, July 25th. The technology company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.07. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.43 billion. SS&C Technologies had a return on equity of 17.43% and a net margin of 12.33%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the company earned $0.96 EPS. As a group, research analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.66 earnings per share for the current year.

SS&C Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.39%. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Tuesday, September 3rd. SS&C Technologies’s dividend payout ratio is presently 39.84%.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, COO Rahul Kanwar sold 412,190 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $73.13, for a total transaction of $30,143,454.70. Following the completion of the sale, the chief operating officer now directly owns 57,642 shares in the company, valued at approximately $4,215,359.46. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, COO Rahul Kanwar sold 412,190 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $73.13, for a total transaction of $30,143,454.70. Following the transaction, the chief operating officer now directly owns 57,642 shares in the company, valued at $4,215,359.46. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Smita Conjeevaram sold 48,500 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $70.82, for a total transaction of $3,434,770.00. Following the completion of the transaction, the director now owns 9,576 shares in the company, valued at $678,172.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 468,190 shares of company stock valued at $34,031,675. Corporate insiders own 15.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. DA Davidson increased their price target on SS&C Technologies from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Needham & Company LLC boosted their price objective on shares of SS&C Technologies from $74.00 to $81.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Royal Bank of Canada upped their price target on SS&C Technologies from $72.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $70.75.

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.