Kingsview Wealth Management LLC Buys 242 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Kingsview Wealth Management LLC lifted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,607 shares of the technology company’s stock after purchasing an additional 242 shares during the quarter. Kingsview Wealth Management LLC’s holdings in SS&C Technologies were worth $9,544,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cerity Partners LLC lifted its position in SS&C Technologies by 148.3% in the 3rd quarter. Cerity Partners LLC now owns 63,973 shares of the technology company’s stock valued at $4,747,000 after acquiring an additional 38,211 shares in the last quarter. Raymond James Trust N.A. lifted its position in SS&C Technologies by 2.5% in the 3rd quarter. Raymond James Trust N.A. now owns 21,683 shares of the technology company’s stock valued at $1,609,000 after acquiring an additional 538 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in SS&C Technologies by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 795,012 shares of the technology company’s stock valued at $58,998,000 after acquiring an additional 3,881 shares in the last quarter. Integrated Investment Consultants LLC lifted its position in SS&C Technologies by 2.1% in the 3rd quarter. Integrated Investment Consultants LLC now owns 20,320 shares of the technology company’s stock valued at $1,508,000 after acquiring an additional 419 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC bought a new position in SS&C Technologies in the 3rd quarter valued at about $2,412,000. Institutional investors own 96.95% of the company’s stock.

SS&C Technologies Trading Up 1.3 %

Shares of SSNC stock opened at $76.12 on Friday. The company has a 50 day moving average of $74.08 and a 200-day moving average of $69.24. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a 12-month low of $55.33 and a 12-month high of $77.02. The firm has a market cap of $18.85 billion, a P/E ratio of 27.28 and a beta of 1.39.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.03. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.33%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the business posted $1.04 EPS. SS&C Technologies’s quarterly revenue was up 7.3% compared to the same quarter last year. Sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current year.

SS&C Technologies Announces Dividend

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

Insider Activity at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 19,000 shares of SS&C Technologies stock in a transaction that occurred on Friday, September 20th. The shares were 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 directly owns 22,576 shares in the company, valued at approximately $1,715,098.72. The trade was a 45.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Normand A. Boulanger sold 130,000 shares of SS&C Technologies stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $75.38, for a total transaction of $9,799,400.00. Following the completion of the transaction, the director now owns 333,576 shares of the company’s stock, valued at $25,144,958.88. This represents a 28.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. DA Davidson reaffirmed a “buy” rating and issued a $92.00 price target on shares of SS&C Technologies in a research report on Thursday, October 10th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of SS&C Technologies in a research note on Friday, October 25th. Royal Bank of Canada increased their price objective on shares of SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. Raymond James increased their price objective on shares of SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. Finally, StockNews.com lowered shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, SS&C Technologies presently has an average rating of “Moderate Buy” and an average target price of $77.75.

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.