Phoenix Holdings Ltd. Makes New $207,000 Investment in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Phoenix Holdings Ltd. purchased a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,622 shares of the technology company’s stock, valued at approximately $207,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Ovata Capital Management Ltd purchased a new position in shares of SS&C Technologies during the 2nd quarter valued at about $30,000. WASHINGTON TRUST Co purchased a new position in shares of SS&C Technologies during the 2nd quarter valued at about $39,000. Virtus Alternative Investment Advisers Inc. purchased a new position in shares of SS&C Technologies during the 2nd quarter valued at about $45,000. Signaturefd LLC raised its stake in shares of SS&C Technologies by 308.2% during the 2nd quarter. Signaturefd LLC now owns 1,000 shares of the technology company’s stock valued at $56,000 after buying an additional 755 shares during the last quarter. Finally, Cerebellum GP LLC purchased a new position in shares of SS&C Technologies during the 2nd quarter valued at about $79,000. 82.41% of the stock is owned by institutional investors.

A number of research firms have weighed in on SSNC. Morgan Stanley lifted their price objective on SS&C Technologies from $57.00 to $60.00 and gave the company an “equal weight” rating in a research note on Friday, October 30th. Citigroup lifted their price objective on SS&C Technologies from $67.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Rosenblatt Securities reiterated a “buy” rating and set a $64.00 price objective on shares of SS&C Technologies in a research note on Monday, July 27th. Royal Bank of Canada restated a “buy” rating and issued a $68.00 price target on shares of SS&C Technologies in a research note on Thursday, July 30th. Finally, Zacks Investment Research lowered SS&C Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 13th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $69.00.

In other news, Director Normand A. Boulanger sold 149,184 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $62.92, for a total transaction of $9,386,657.28. Following the transaction, the director now directly owns 280,816 shares in the company, valued at approximately $17,668,942.72. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Joseph J. Frank sold 1,629 shares of the business’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $61.00, for a total value of $99,369.00. Following the transaction, the senior vice president now owns 2,111 shares in the company, valued at $128,771. The disclosure for this sale can be found here. 14.60% of the stock is currently owned by insiders.

NASDAQ:SSNC opened at $68.16 on Friday. SS&C Technologies Holdings, Inc. has a 12 month low of $29.51 and a 12 month high of $69.25. The stock has a 50 day moving average of $63.73 and a two-hundred day moving average of $60.00. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.29. The firm has a market cap of $17.45 billion, a P/E ratio of 35.69 and a beta of 1.53.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Wednesday, October 28th. The technology company reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.11. SS&C Technologies had a return on equity of 20.10% and a net margin of 10.85%. On average, research analysts forecast that SS&C Technologies Holdings, Inc. will post 3.88 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a $0.56 annualized dividend and a yield of 0.82%. SS&C Technologies’s dividend payout ratio (DPR) is currently 15.47%.

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-to-back-office operations, performance and risk analytics, regulatory reporting, and healthcare information processes.

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Institutional Ownership by Quarter for SS&C Technologies (NASDAQ:SSNC)

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