Aviva PLC Acquires Shares of 98,640 SS&C Technologies Holdings, Inc. (SSNC)

Aviva PLC acquired a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 98,640 shares of the technology company’s stock, valued at approximately $5,606,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SSNC. Morgan Stanley raised its holdings in shares of SS&C Technologies by 1,929.5% during the 2nd quarter. Morgan Stanley now owns 4,228,968 shares of the technology company’s stock valued at $219,484,000 after buying an additional 4,020,592 shares in the last quarter. FMR LLC raised its holdings in shares of SS&C Technologies by 57.7% during the 2nd quarter. FMR LLC now owns 8,088,831 shares of the technology company’s stock valued at $419,811,000 after buying an additional 2,959,947 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of SS&C Technologies by 54.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,858,968 shares of the technology company’s stock valued at $162,477,000 after buying an additional 1,010,118 shares in the last quarter. BlackRock Inc. raised its holdings in shares of SS&C Technologies by 9.2% during the 2nd quarter. BlackRock Inc. now owns 11,050,033 shares of the technology company’s stock valued at $573,495,000 after buying an additional 928,951 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of SS&C Technologies by 203.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,051,342 shares of the technology company’s stock valued at $58,043,000 after buying an additional 705,378 shares in the last quarter. 83.90% of the stock is currently owned by institutional investors.

SSNC opened at $46.53 on Friday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.58 and a current ratio of 1.58. SS&C Technologies Holdings, Inc. has a 1 year low of $39.73 and a 1 year high of $60.97. The company has a market cap of $11.60 billion, a P/E ratio of 25.99, a P/E/G ratio of 1.36 and a beta of 1.21.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings results on Wednesday, October 31st. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.05. SS&C Technologies had a return on equity of 15.04% and a net margin of 7.61%. The business had revenue of $992.40 million for the quarter, compared to analyst estimates of $1 billion. During the same period last year, the company earned $0.50 EPS. SS&C Technologies’s revenue for the quarter was up 137.3% compared to the same quarter last year. Research analysts forecast that SS&C Technologies Holdings, Inc. will post 2.51 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Saturday, December 1st will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, November 29th. This represents a $0.32 annualized dividend and a yield of 0.69%. SS&C Technologies’s payout ratio is 17.88%.

In related news, Director Jonathan E. Michael purchased 10,000 shares of SS&C Technologies stock in a transaction that occurred on Tuesday, November 20th. The shares were acquired at an average cost of $44.58 per share, for a total transaction of $445,800.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jonathan E. Michael purchased 600 shares of SS&C Technologies stock in a transaction that occurred on Monday, November 5th. The shares were bought at an average price of $49.79 per share, for a total transaction of $29,874.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 35,714 shares of company stock worth $1,672,420. 17.50% of the stock is owned by corporate insiders.

SSNC has been the topic of a number of research reports. BidaskClub raised SS&C Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 25th. ValuEngine raised SS&C Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. DA Davidson cut SS&C Technologies from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $62.00 to $60.00 in a report on Friday, September 7th. Deutsche Bank raised SS&C Technologies from a “hold” rating to a “buy” rating and raised their price objective for the company from $57.00 to $72.00 in a report on Monday, September 10th. Finally, Zacks Investment Research cut SS&C Technologies from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twelve have given a buy rating and three have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $64.36.

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SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services providers. Its products and services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, including portfolio management and reporting; and back-office functions comprising accounting, performance measurement, reconciliation, reporting, processing, and clearing.

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

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