Transcend Capital Advisors LLC Has $211,000 Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Transcend Capital Advisors LLC lowered its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 8.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,371 shares of the technology company’s stock after selling 300 shares during the quarter. Transcend Capital Advisors LLC’s holdings in SS&C Technologies were worth $211,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in SSNC. Quent Capital LLC raised its stake in shares of SS&C Technologies by 76.8% in the first quarter. Quent Capital LLC now owns 396 shares of the technology company’s stock worth $25,000 after purchasing an additional 172 shares during the last quarter. ST Germain D J Co. Inc. purchased a new stake in SS&C Technologies in the 1st quarter valued at $27,000. Denali Advisors LLC bought a new position in SS&C Technologies during the 1st quarter valued at $51,000. Principal Securities Inc. purchased a new position in SS&C Technologies during the 4th quarter worth $53,000. Finally, Tobam grew its stake in shares of SS&C Technologies by 1,428.8% in the 4th quarter. Tobam now owns 1,009 shares of the technology company’s stock worth $62,000 after acquiring an additional 943 shares in the last quarter. Institutional investors own 96.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Needham & Company LLC increased their price target on SS&C Technologies from $74.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Royal Bank of Canada lifted their target price on shares of SS&C Technologies from $72.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Jefferies Financial Group upped their price target on shares of SS&C Technologies from $54.00 to $61.00 and gave the company a “hold” rating in a research note on Monday, April 29th. Finally, DA Davidson lifted their price objective on shares of SS&C Technologies from $84.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, SS&C Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $70.75.

SS&C Technologies Price Performance

Shares of NASDAQ SSNC traded down $2.08 during trading hours on Monday, reaching $69.51. 551,987 shares of the stock traded hands, compared to its average volume of 985,499. The company has a market capitalization of $17.19 billion, a P/E ratio of 27.72 and a beta of 1.38. The company’s 50-day simple moving average is $64.28 and its two-hundred day simple moving average is $63.08. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. SS&C Technologies Holdings, Inc. has a 52-week low of $46.61 and a 52-week high of $73.97.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, July 25th. The technology company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.07. SS&C Technologies had a return on equity of 17.52% and a net margin of 12.33%. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the prior year, the business posted $0.96 EPS. SS&C Technologies’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 4.66 EPS for the current year.

SS&C Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.96 annualized dividend and a dividend yield of 1.38%. SS&C Technologies’s dividend payout ratio (DPR) is presently 38.25%.

Insider Transactions at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 7,500 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $60.46, for a total transaction of $453,450.00. Following the sale, the director now owns 41,576 shares of the company’s stock, valued at $2,513,684.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders sold 32,500 shares of company stock valued at $2,027,750. Company insiders own 15.40% of the company’s stock.

SS&C Technologies 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.