Transamerica Financial Advisors Inc. Has $106,000 Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Transamerica Financial Advisors Inc. trimmed its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 26.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,425 shares of the technology company’s stock after selling 522 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in SS&C Technologies were worth $106,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SSNC. Swedbank AB bought a new stake in SS&C Technologies in the first quarter worth approximately $94,939,000. Millennium Management LLC grew its position in SS&C Technologies by 49.2% in the second quarter. Millennium Management LLC now owns 3,399,874 shares of the technology company’s stock worth $213,070,000 after acquiring an additional 1,120,961 shares in the last quarter. AQR Capital Management LLC grew its position in SS&C Technologies by 82.1% in the second quarter. AQR Capital Management LLC now owns 1,267,057 shares of the technology company’s stock worth $78,900,000 after acquiring an additional 571,334 shares in the last quarter. Dimensional Fund Advisors LP grew its position in SS&C Technologies by 14.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,696,702 shares of the technology company’s stock worth $168,995,000 after acquiring an additional 349,911 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in SS&C Technologies by 29.7% in the second quarter. Victory Capital Management Inc. now owns 1,269,116 shares of the technology company’s stock worth $79,536,000 after acquiring an additional 290,496 shares in the last quarter. 96.95% of the stock is owned by institutional investors.

Insider Activity at SS&C Technologies

In other news, SVP Jason Douglas White sold 69,000 shares of the stock in a transaction 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 in the company, valued at approximately $494,172.84. This represents a 91.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Normand A. Boulanger sold 130,000 shares of the stock in a transaction 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 approximately $25,144,958.88. This represents a 28.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 218,000 shares of company stock worth $16,560,660 in the last ninety days. 15.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

SS&C Technologies Price Performance

NASDAQ:SSNC opened at $77.36 on Thursday. The stock has a market cap of $19.16 billion, a P/E ratio of 27.73 and a beta of 1.39. SS&C Technologies Holdings, Inc. has a one year low of $55.57 and a one year high of $77.53. The company has a fifty day moving average price of $74.16 and a 200 day moving average price of $69.62. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21.

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

SS&C Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.29%. The ex-dividend date is Monday, December 2nd. SS&C Technologies’s payout ratio is currently 35.84%.

SS&C Technologies 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.