Benjamin Edwards Inc. Has $4.36 Million Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Benjamin Edwards Inc. boosted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 8,607.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 58,776 shares of the technology company’s stock after purchasing an additional 58,101 shares during the period. Benjamin Edwards Inc.’s holdings in SS&C Technologies were worth $4,362,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in SSNC. Innealta Capital LLC acquired a new stake in SS&C Technologies in the 2nd quarter valued at about $26,000. Ashton Thomas Private Wealth LLC bought a new position in shares of SS&C Technologies during the second quarter worth approximately $35,000. 1620 Investment Advisors Inc. acquired a new stake in SS&C Technologies during the 2nd quarter worth approximately $47,000. Capital Performance Advisors LLP bought a new stake in SS&C Technologies in the 3rd quarter valued at $68,000. Finally, Brooklyn Investment Group acquired a new position in SS&C Technologies in the 3rd quarter valued at $73,000. Institutional investors and hedge funds own 96.95% of the company’s stock.

Wall Street Analyst Weigh In

SSNC has been the subject of a number of recent research reports. 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 increased their target price on shares of SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 25th. DA Davidson reiterated a “buy” rating and issued a $92.00 price target on shares of SS&C Technologies in a research report on Thursday, October 10th. Royal Bank of Canada increased their price target on SS&C Technologies from $75.00 to $86.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price objective on shares of SS&C Technologies in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $77.75.

Insiders Place Their Bets

In other news, SVP Jason Douglas White sold 69,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the sale, the senior vice president now directly owns 6,412 shares in the company, valued at approximately $494,172.84. The trade was a 91.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Normand A. Boulanger sold 130,000 shares of the firm’s 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 approximately $25,144,958.88. This trade represents a 28.04 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 218,000 shares of company stock valued at $16,560,660. 15.40% of the stock is currently owned by insiders.

SS&C Technologies Trading Down 0.4 %

Shares of SSNC opened at $76.70 on Wednesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. SS&C Technologies Holdings, Inc. has a 52-week low of $56.10 and a 52-week high of $77.69. The firm has a market cap of $19.00 billion, a price-to-earnings ratio of 27.49 and a beta of 1.38. The business’s fifty day moving average is $74.33 and its 200-day moving average is $70.10.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the firm earned $1.04 earnings per share. The business’s quarterly revenue was up 7.3% on a year-over-year basis. Equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.25 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.30%. SS&C Technologies’s dividend 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.