SS&C Technologies Holdings, Inc. $SSNC Shares Sold by Denali Advisors LLC

Denali Advisors LLC cut its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 15.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,511 shares of the technology company’s stock after selling 1,200 shares during the period. Denali Advisors LLC’s holdings in SS&C Technologies were worth $539,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SSNC. GAMMA Investing LLC boosted its position in shares of SS&C Technologies by 20.0% in the first quarter. GAMMA Investing LLC now owns 3,298 shares of the technology company’s stock worth $275,000 after acquiring an additional 549 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in SS&C Technologies by 47.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 36,933 shares of the technology company’s stock valued at $3,085,000 after buying an additional 11,863 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in SS&C Technologies by 37.7% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 12,017 shares of the technology company’s stock valued at $1,004,000 after buying an additional 3,293 shares during the period. Kentucky Retirement Systems purchased a new position in SS&C Technologies in the first quarter valued at approximately $1,225,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in SS&C Technologies in the first quarter valued at approximately $522,000. 96.90% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Stock Down 0.5%

SSNC stock opened at $82.05 on Thursday. SS&C Technologies Holdings, Inc. has a twelve month low of $66.83 and a twelve month high of $91.07. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $20.04 billion, a P/E ratio of 25.72 and a beta of 1.23. The firm has a 50 day simple moving average of $87.04 and a 200-day simple moving average of $82.70.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter last year, the company earned $1.27 earnings per share. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, equities research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.25. This represents a $4.32 dividend on an annualized basis and a dividend yield of 5.3%. SS&C Technologies’s dividend payout ratio is 33.86%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SSNC shares. DA Davidson raised their price target on shares of SS&C Technologies from $98.00 to $102.00 and gave the company a “buy” rating in a report on Friday, July 25th. Raymond James Financial raised their price target on shares of SS&C Technologies from $95.00 to $101.00 and gave the company a “strong-buy” rating in a report on Friday, October 17th. Weiss Ratings restated a “buy (b)” rating on shares of SS&C Technologies in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Finally, Needham & Company LLC lifted their price objective on shares of SS&C Technologies from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, SS&C Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $98.13.

SS&C Technologies Profile

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.