Atlanta Consulting Group Advisors LLC Makes New $228,000 Investment in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Atlanta Consulting Group Advisors LLC bought a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,078 shares of the technology company’s stock, valued at approximately $228,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC boosted its stake in shares of SS&C Technologies by 0.4% during the third quarter. Janney Montgomery Scott LLC now owns 46,282 shares of the technology company’s stock valued at $3,435,000 after acquiring an additional 196 shares during the last quarter. Tectonic Advisors LLC boosted its position in SS&C Technologies by 2.9% in the 3rd quarter. Tectonic Advisors LLC now owns 7,064 shares of the technology company’s stock valued at $524,000 after buying an additional 198 shares during the last quarter. Summit Trail Advisors LLC grew its stake in SS&C Technologies by 2.9% during the 2nd quarter. Summit Trail Advisors LLC now owns 7,112 shares of the technology company’s stock valued at $446,000 after purchasing an additional 203 shares in the last quarter. Benjamin Edwards Inc. increased its stake in shares of SS&C Technologies by 43.3% in the second quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company’s stock worth $42,000 after buying an additional 204 shares during the last quarter. Finally, Wedge Capital Management L L P NC increased its position in shares of SS&C Technologies by 0.4% in the 3rd quarter. Wedge Capital Management L L P NC now owns 51,497 shares of the technology company’s stock worth $3,822,000 after purchasing an additional 206 shares during the last quarter. Institutional investors and hedge funds own 96.95% of the company’s stock.

SS&C Technologies Price Performance

Shares of SSNC opened at $73.40 on Monday. The business’s 50-day moving average is $74.03 and its 200-day moving average is $69.01. SS&C Technologies Holdings, Inc. has a fifty-two week low of $54.44 and a fifty-two week high of $77.02. The company has a market capitalization of $18.18 billion, a price-to-earnings ratio of 26.31 and a beta of 1.39. 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 announced its quarterly earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the company earned $1.04 EPS. The firm’s revenue was up 7.3% on a year-over-year basis. Equities research analysts expect that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current fiscal year.

SS&C Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.36%. The ex-dividend date was Tuesday, September 3rd. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.24. SS&C Technologies’s dividend payout ratio (DPR) is 35.84%.

SS&C Technologies declared that its board has approved a stock buyback program on Thursday, July 25th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to reacquire up to 5.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

SSNC has been the subject of a number of research reports. Raymond James lifted 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. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of SS&C Technologies in a research report on Friday, October 25th. StockNews.com lowered shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday. Royal Bank of Canada lifted their price target on SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. Finally, DA Davidson reiterated a “buy” rating and issued a $92.00 target price on shares of SS&C Technologies in a report on Thursday, October 10th. Two equities research 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 stock. Based on data from MarketBeat.com, SS&C Technologies has a consensus rating of “Moderate Buy” and an average target price of $77.75.

Insider Activity at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 19,000 shares of the business’s stock in a transaction dated 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed 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 stock was sold at an average price of $75.38, for a total value of $9,799,400.00. Following the completion of the sale, the director now owns 333,576 shares of the company’s stock, valued at $25,144,958.88. This represents a 28.04 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 561,190 shares of company stock worth $41,386,285. 15.40% of the stock is owned by insiders.

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.