Signet Financial Management LLC reduced its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 11.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,368 shares of the technology company’s stock after selling 12,330 shares during the period. SS&C Technologies comprises about 1.1% of Signet Financial Management LLC’s portfolio, making the stock its 19th biggest holding. Signet Financial Management LLC’s holdings in SS&C Technologies were worth $5,769,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cullen Frost Bankers Inc. purchased a new stake in shares of SS&C Technologies during the 2nd quarter worth about $25,000. Capital Investment Advisory Services LLC boosted its position in SS&C Technologies by 930.0% during the second quarter. Capital Investment Advisory Services LLC now owns 515 shares of the technology company’s stock worth $30,000 after purchasing an additional 465 shares in the last quarter. Hudock Capital Group LLC acquired a new stake in SS&C Technologies in the second quarter valued at approximately $42,000. Machina Capital S.A.S. acquired a new stake in SS&C Technologies in the second quarter valued at approximately $52,000. Finally, FTB Advisors Inc. purchased a new stake in shares of SS&C Technologies in the second quarter valued at approximately $52,000. Hedge funds and other institutional investors own 81.94% of the company’s stock.
In other SS&C Technologies news, Director Jonathan E. Michael bought 2,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were purchased at an average price of $48.11 per share, for a total transaction of $96,220.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 14.50% of the company’s stock.
Several research analysts have recently weighed in on SSNC shares. Raymond James reduced their target price on SS&C Technologies from $78.00 to $60.00 and set a “strong-buy” rating for the company in a research note on Tuesday, July 30th. JPMorgan Chase & Co. reissued a “buy” rating on shares of SS&C Technologies in a report on Monday, July 1st. Zacks Investment Research cut shares of SS&C Technologies from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. BidaskClub upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. Finally, Buckingham Research set a $67.00 price objective on shares of SS&C Technologies and gave the company a “buy” rating in a report on Friday, September 6th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $68.75.
Shares of SSNC stock traded up $1.18 during trading hours on Wednesday, reaching $51.31. The company’s stock had a trading volume of 126,928 shares, compared to its average volume of 1,581,013. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.68. SS&C Technologies Holdings, Inc. has a one year low of $40.96 and a one year high of $67.73. The stock has a market capitalization of $12.60 billion, a P/E ratio of 19.56, a P/E/G ratio of 2.05 and a beta of 1.26. The firm’s fifty day simple moving average is $48.09 and its 200 day simple moving average is $57.32.
SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data on Monday, July 29th. The technology company reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.06. SS&C Technologies had a net margin of 7.22% and a return on equity of 18.78%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the business posted $0.62 earnings per share. SS&C Technologies’s quarterly revenue was up 27.2% compared to the same quarter last year. As a group, equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 3.46 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be issued a $0.10 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.78%. SS&C Technologies’s dividend payout ratio (DPR) is 15.27%.
SS&C Technologies Company Profile
SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services and healthcare industries in the United States, Canada, rest of the Americas, Europe, the Asia Pacific, and Japan. The company's 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, transfer agency, compliance, regulatory services, performance measurement, reconciliation, reporting, processing, and clearing.
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