Kera Capital Partners Inc. Acquires Shares of 3,198 SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Kera Capital Partners Inc. bought a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the 4th quarter, Holdings Channel.com reports. The firm bought 3,198 shares of the technology company’s stock, valued at approximately $242,000.

Several other hedge funds also recently made changes to their positions in SSNC. Janus Henderson Group PLC grew its holdings in SS&C Technologies by 5.4% in the 3rd quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company’s stock worth $1,191,774,000 after acquiring an additional 817,501 shares during the last quarter. State Street Corp grew its stake in shares of SS&C Technologies by 2.2% in the third quarter. State Street Corp now owns 5,624,174 shares of the technology company’s stock worth $417,370,000 after purchasing an additional 121,223 shares during the last quarter. FMR LLC increased its holdings in SS&C Technologies by 1.5% during the 3rd quarter. FMR LLC now owns 3,984,057 shares of the technology company’s stock valued at $295,657,000 after purchasing an additional 58,389 shares during the period. Geode Capital Management LLC raised its position in SS&C Technologies by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,621,022 shares of the technology company’s stock valued at $268,075,000 after purchasing an additional 64,299 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in SS&C Technologies by 49.2% in the 2nd 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. 96.95% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other SS&C Technologies news, SVP Jason Douglas White sold 69,000 shares of the 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 transaction, the senior vice president now owns 6,412 shares of the company’s stock, valued at approximately $494,172.84. This represents a 91.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William C. Stone sold 247,300 shares of SS&C Technologies stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $76.61, for a total transaction of $18,945,653.00. Following the transaction, the chief executive officer now owns 31,837,926 shares in the company, valued at $2,439,103,510.86. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 449,000 shares of company stock valued at $34,461,478. Insiders own 15.40% of the company’s stock.

SS&C Technologies Price Performance

Shares of NASDAQ SSNC opened at $78.50 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The company has a 50 day simple moving average of $75.98 and a two-hundred day simple moving average of $73.34. SS&C Technologies Holdings, Inc. has a fifty-two week low of $59.20 and a fifty-two week high of $79.59. The company has a market capitalization of $19.44 billion, a price-to-earnings ratio of 28.14 and a beta of 1.37.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, October 24th. The technology company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the business earned $1.04 earnings per share. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. Analysts expect that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.25 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.27%. SS&C Technologies’s dividend payout ratio is currently 35.84%.

Wall Street Analysts Forecast Growth

SSNC has been the topic of several research analyst reports. Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of SS&C Technologies in a research note on Friday, October 25th. 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. Raymond James boosted their price target on shares of SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a research report on Friday, October 25th. Finally, DA Davidson restated a “buy” rating and issued a $92.00 price objective on shares of SS&C Technologies in a report on Thursday, October 10th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, SS&C Technologies has a consensus rating of “Moderate Buy” and an average target price of $77.75.

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.