Fiduciary Trust Co Invests $254,000 in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Fiduciary Trust Co bought a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 3,419 shares of the technology company’s stock, valued at approximately $254,000.

Several other institutional investors and hedge funds also recently bought and sold shares of SSNC. Innealta Capital LLC bought a new position in shares of SS&C Technologies in the second quarter worth about $26,000. Ashton Thomas Private Wealth LLC bought a new stake in SS&C Technologies during the 2nd quarter worth approximately $35,000. Benjamin Edwards Inc. lifted its holdings in SS&C Technologies by 43.3% during the second quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company’s stock valued at $42,000 after purchasing an additional 204 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of SS&C Technologies by 6,300.0% in the second quarter. Versant Capital Management Inc now owns 704 shares of the technology company’s stock worth $44,000 after purchasing an additional 693 shares during the period. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of SS&C Technologies during the 2nd quarter valued at $47,000. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of SS&C Technologies in a report on Friday, October 25th. Royal Bank of Canada increased their target price 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. Raymond James boosted their price target on SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. StockNews.com lowered shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. Finally, DA Davidson reissued a “buy” rating and issued a $92.00 target price on shares of SS&C Technologies in a report on Thursday, October 10th. Two 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. Based on data from MarketBeat, SS&C Technologies has an average rating of “Moderate Buy” and an average target price of $77.75.

Insider Activity at SS&C Technologies

In related news, Director Normand A. Boulanger sold 130,000 shares of the stock in a transaction dated Monday, September 16th. The shares were 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 of the company’s stock, valued at $25,144,958.88. This represents a 28.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael Jay Zamkow sold 19,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 22,576 shares of the company’s stock, valued at $1,715,098.72. This trade represents a 45.70 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 218,000 shares of company stock worth $16,560,660. Company insiders own 15.40% of the company’s stock.

SS&C Technologies Price Performance

SS&C Technologies stock 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 company has a market cap of $19.16 billion, a price-to-earnings ratio of 27.72 and a beta of 1.39. The firm’s fifty day moving average is $74.26 and its 200 day moving average is $69.82. The company has a quick ratio of 1.21, a current 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, beating the consensus estimate of $1.26 by $0.03. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.44 billion. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.33%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.04 EPS. Sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend 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%.

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.