Raymond James Trust N.A. Acquires 538 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Raymond James Trust N.A. boosted its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,683 shares of the technology company’s stock after purchasing an additional 538 shares during the period. Raymond James Trust N.A.’s holdings in SS&C Technologies were worth $1,609,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SSNC. Charles Schwab Investment Management Inc. increased its holdings in shares of SS&C Technologies by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 795,012 shares of the technology company’s stock worth $58,998,000 after buying an additional 3,881 shares during the period. Integrated Investment Consultants LLC increased its stake 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 worth $1,508,000 after purchasing an additional 419 shares during the period. Thompson Siegel & Walmsley LLC bought a new stake in SS&C Technologies in the third quarter valued at approximately $2,412,000. Landscape Capital Management L.L.C. purchased a new stake in shares of SS&C Technologies during the third quarter valued at approximately $264,000. Finally, Intech Investment Management LLC grew its holdings in shares of SS&C Technologies by 20.1% in the third quarter. Intech Investment Management LLC now owns 9,195 shares of the technology company’s stock worth $682,000 after purchasing an additional 1,539 shares during the last quarter. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

SS&C Technologies Price Performance

Shares of SSNC stock opened at $76.12 on Friday. The business’s fifty day moving average is $74.11 and its 200 day moving average is $69.33. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The stock has a market cap of $18.85 billion, a price-to-earnings ratio of 27.28 and a beta of 1.39. SS&C Technologies Holdings, Inc. has a twelve month low of $55.33 and a twelve month high of $77.02.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the firm earned $1.04 EPS. The company’s revenue was up 7.3% compared to the same quarter last year. Research analysts expect 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 declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given 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 dividend yield of 1.31%. SS&C Technologies’s dividend payout ratio is currently 35.84%.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, Director Normand A. Boulanger sold 130,000 shares of SS&C Technologies stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $75.38, for a total value of $9,799,400.00. Following the completion of the transaction, the director now directly owns 333,576 shares of the company’s stock, valued at approximately $25,144,958.88. The trade was a 28.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Jay Zamkow sold 19,000 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $75.97, for a total transaction of $1,443,430.00. Following the sale, the director now 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 disclosure for this sale can be found here. Insiders own 15.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SSNC. 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. DA Davidson reiterated a “buy” rating and set a $92.00 target price on shares of SS&C Technologies in a report on Thursday, October 10th. Royal Bank of Canada boosted their price target on SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of SS&C Technologies in a report on Friday, October 25th. Finally, Raymond James boosted their target price on 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. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the 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.