LGT Financial Advisors LLC Trims Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

LGT Financial Advisors LLC trimmed its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 58.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 971 shares of the technology company’s stock after selling 1,356 shares during the period. LGT Financial Advisors LLC’s holdings in SS&C Technologies were worth $61,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in SS&C Technologies in the fourth quarter valued at approximately $168,860,000. Swedbank AB acquired a new stake in shares of SS&C Technologies during the 1st quarter worth about $94,939,000. Junto Capital Management LP lifted its stake in SS&C Technologies by 183.0% during the fourth quarter. Junto Capital Management LP now owns 1,471,190 shares of the technology company’s stock worth $89,904,000 after purchasing an additional 951,269 shares during the last quarter. Capital International Investors increased its stake in SS&C Technologies by 111.1% in the first quarter. Capital International Investors now owns 1,071,540 shares of the technology company’s stock valued at $68,975,000 after purchasing an additional 564,017 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in SS&C Technologies during the first quarter worth approximately $31,305,000. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Michael Jay Zamkow sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $60.46, for a total value of $453,450.00. Following the transaction, the director now owns 41,576 shares in the company, valued at $2,513,684.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Michael Jay Zamkow sold 7,500 shares of SS&C Technologies stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $60.46, for a total transaction of $453,450.00. Following the sale, the director now owns 41,576 shares in the company, valued at $2,513,684.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Smita Conjeevaram sold 48,500 shares of SS&C Technologies stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $70.82, for a total transaction of $3,434,770.00. Following the sale, the director now directly owns 9,576 shares in the company, valued at approximately $678,172.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 468,190 shares of company stock valued at $34,031,675. 15.40% of the stock is currently owned by company insiders.

SS&C Technologies Stock Down 1.5 %

SSNC stock opened at $72.97 on Friday. SS&C Technologies Holdings, Inc. has a 12 month low of $46.61 and a 12 month high of $75.10. The firm has a market capitalization of $17.91 billion, a PE ratio of 29.07 and a beta of 1.38. The company’s 50 day simple moving average is $69.47 and its 200-day simple moving average is $64.92. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.16 and a quick ratio of 1.16.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Thursday, July 25th. The technology company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.07. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.43 billion. SS&C Technologies had a net margin of 12.33% and a return on equity of 17.43%. The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.96 earnings per share. Equities analysts expect that SS&C Technologies Holdings, Inc. will post 4.66 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 1.37%. SS&C Technologies’s payout ratio is currently 38.25%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SSNC. Royal Bank of Canada boosted their target price on SS&C Technologies from $72.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, July 26th. DA Davidson lifted their target price on shares of SS&C Technologies from $84.00 to $88.00 and gave the company a “buy” rating in a report on Monday, July 29th. Finally, Needham & Company LLC lifted their price target on SS&C Technologies from $74.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, SS&C Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $70.75.

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.