SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by First National Bank of Hutchinson

First National Bank of Hutchinson lowered its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 13.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,903 shares of the technology company’s stock after selling 1,727 shares during the quarter. First National Bank of Hutchinson’s holdings in SS&C Technologies were worth $809,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SSNC. Park Avenue Securities LLC grew its position in shares of SS&C Technologies by 15.0% in the first quarter. Park Avenue Securities LLC now owns 3,995 shares of the technology company’s stock valued at $257,000 after purchasing an additional 520 shares in the last quarter. Norris Perne & French LLP MI grew its position in shares of SS&C Technologies by 24.9% in the first quarter. Norris Perne & French LLP MI now owns 279,097 shares of the technology company’s stock valued at $17,965,000 after purchasing an additional 55,621 shares in the last quarter. AlphaMark Advisors LLC grew its position in shares of SS&C Technologies by 5.1% in the first quarter. AlphaMark Advisors LLC now owns 9,710 shares of the technology company’s stock valued at $625,000 after purchasing an additional 470 shares in the last quarter. Denali Advisors LLC purchased a new stake in shares of SS&C Technologies in the first quarter valued at approximately $51,000. Finally, Valley National Advisers Inc. grew its position in shares of SS&C Technologies by 17.9% in the first quarter. Valley National Advisers Inc. now owns 5,133 shares of the technology company’s stock valued at $330,000 after purchasing an additional 778 shares in the last quarter. Institutional investors and hedge funds own 96.95% of the company’s stock.

Insider Activity

In other news, Director Michael Jay Zamkow sold 19,000 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $75.97, for a total value of $1,443,430.00. Following the sale, the director now directly owns 22,576 shares in the company, valued at approximately $1,715,098.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other SS&C Technologies news, Director Normand A. Boulanger sold 130,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $75.38, for a total value of $9,799,400.00. Following the sale, the director now directly owns 333,576 shares in the company, valued at $25,144,958.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Jay Zamkow sold 19,000 shares of the firm’s stock in a transaction 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 sale, the director now owns 22,576 shares in the company, valued at approximately $1,715,098.72. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 609,690 shares of company stock worth $44,821,055. Corporate insiders own 15.40% of the company’s stock.

SS&C Technologies Stock Up 0.4 %

NASDAQ:SSNC opened at $75.79 on Thursday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.01. The stock’s fifty day moving average is $74.38 and its two-hundred day moving average is $67.61. SS&C Technologies Holdings, Inc. has a 52 week low of $46.61 and a 52 week high of $77.02. The stock has a market capitalization of $18.60 billion, a price-to-earnings ratio of 27.56 and a beta of 1.38.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, July 25th. The technology company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.07. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.43 billion. SS&C Technologies had a return on equity of 17.43% and a net margin of 12.33%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the firm earned $0.96 earnings per share. Research analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.66 EPS for the current year.

SS&C Technologies announced that its board has authorized a share buyback plan on Thursday, July 25th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the technology company to purchase up to 5.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

SS&C Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were paid a $0.25 dividend. 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 1.32%. The ex-dividend date of this dividend was Tuesday, September 3rd. SS&C Technologies’s dividend payout ratio (DPR) is presently 36.36%.

Wall Street Analyst Weigh In

SSNC has been the subject of a number of analyst reports. DA Davidson restated 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 objective 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 increased their price objective on SS&C Technologies from $81.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, SS&C Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $73.75.

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.