Martingale Asset Management L P Has $3.40 Million Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Martingale Asset Management L P trimmed its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 27.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,847 shares of the technology company’s stock after selling 17,642 shares during the quarter. Martingale Asset Management L P’s holdings in SS&C Technologies were worth $3,402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in SSNC. Millennium Management LLC lifted its stake in SS&C Technologies by 49.2% in the second quarter. Millennium Management LLC now owns 3,399,874 shares of the technology company’s stock valued at $213,070,000 after acquiring an additional 1,120,961 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of SS&C Technologies by 82.1% in the 2nd quarter. AQR Capital Management LLC now owns 1,267,057 shares of the technology company’s stock valued at $78,900,000 after purchasing an additional 571,334 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in SS&C Technologies by 14.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,696,702 shares of the technology company’s stock worth $168,995,000 after purchasing an additional 349,911 shares in the last quarter. Victory Capital Management Inc. increased its position in SS&C Technologies by 29.7% during the second quarter. Victory Capital Management Inc. now owns 1,269,116 shares of the technology company’s stock worth $79,536,000 after buying an additional 290,496 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in SS&C Technologies by 44.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 897,198 shares of the technology company’s stock valued at $66,581,000 after buying an additional 275,186 shares in the last quarter. Institutional investors own 96.95% of the company’s stock.

Insider Buying and Selling

In other SS&C Technologies news, Director Normand A. Boulanger sold 130,000 shares of SS&C Technologies stock in a transaction 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 sale, the director now owns 333,576 shares in the company, valued at $25,144,958.88. The trade was a 28.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies stock in a transaction on 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 owns 6,412 shares in the company, valued at $494,172.84. This represents a 91.50 % 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 owned by company insiders.

SS&C Technologies Trading Down 0.0 %

Shares of SSNC stock opened at $77.34 on Friday. SS&C Technologies Holdings, Inc. has a 1 year low of $55.63 and a 1 year high of $77.69. The firm’s fifty day simple moving average is $74.22 and its 200 day simple moving average is $69.73. The firm has a market capitalization of $19.16 billion, a P/E ratio of 27.72 and a beta of 1.39. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share (EPS) 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 business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the firm posted $1.04 earnings per share. SS&C Technologies’s revenue was up 7.3% compared to the same quarter last year. As a group, sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current year.

SS&C Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Monday, December 2nd. SS&C Technologies’s dividend payout ratio (DPR) is currently 35.84%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. StockNews.com downgraded SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of SS&C Technologies in a research report on Friday, October 25th. Raymond James increased their price target on SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. Royal Bank of Canada lifted their price target on shares of 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 reissued a “buy” rating and issued a $92.00 price target on shares of SS&C Technologies in a research report on Thursday, October 10th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.