Walleye Capital LLC Buys 208,763 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Walleye Capital LLC boosted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 933.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 231,134 shares of the technology company’s stock after acquiring an additional 208,763 shares during the quarter. Walleye Capital LLC’s holdings in SS&C Technologies were worth $17,152,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Assenagon Asset Management S.A. lifted its position in SS&C Technologies by 2,178.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 104,797 shares of the technology company’s stock worth $6,568,000 after buying an additional 100,197 shares in the last quarter. National Pension Service lifted its position in SS&C Technologies by 5.4% during the 3rd quarter. National Pension Service now owns 530,166 shares of the technology company’s stock worth $39,344,000 after buying an additional 27,336 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in SS&C Technologies during the 2nd quarter worth about $1,661,000. Jackson Square Capital LLC bought a new stake in SS&C Technologies during the 3rd quarter worth about $1,612,000. Finally, Burgundy Asset Management Ltd. lifted its position in SS&C Technologies by 4.3% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 4,942,374 shares of the technology company’s stock worth $309,739,000 after buying an additional 201,632 shares in the last quarter. 96.95% of the stock is owned by institutional investors.

SS&C Technologies Stock Down 0.0 %

Shares of SSNC opened at $77.34 on Friday. SS&C Technologies Holdings, Inc. has a 52 week low of $55.63 and a 52 week high of $77.69. The firm has a market cap of $19.16 billion, a P/E ratio of 27.72 and a beta of 1.39. The firm’s 50-day simple moving average is $74.22 and its 200 day simple moving average is $69.73. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current 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 EPS for the quarter, beating 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 prior year, the business earned $1.04 EPS. SS&C Technologies’s quarterly revenue was up 7.3% on a year-over-year basis. On average, analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current year.

SS&C Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.25 dividend. 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 is currently 35.84%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SSNC shares. Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of SS&C Technologies in a research note on Friday, October 25th. DA Davidson restated a “buy” rating and set a $92.00 price objective on shares of SS&C Technologies in a research note on Thursday, October 10th. Raymond James boosted 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 research note on Friday, October 25th. Royal Bank of Canada boosted their price objective on shares of SS&C Technologies from $75.00 to $86.00 and gave the stock an “outperform” rating in a research note on Thursday, September 19th. Finally, StockNews.com lowered shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $77.75.

Insider Buying and Selling at SS&C Technologies

In other SS&C Technologies news, SVP Jason Douglas White sold 69,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total value of $5,317,830.00. Following the completion of the sale, the senior vice president now owns 6,412 shares of the company’s stock, valued at $494,172.84. The trade was a 91.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Normand A. Boulanger sold 130,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now directly 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. Insiders sold 218,000 shares of company stock valued at $16,560,660 in the last quarter. Company insiders own 15.40% of the company’s stock.

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.