GHP Investment Advisors Inc. Increases Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

GHP Investment Advisors Inc. boosted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 11.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,595 shares of the technology company’s stock after purchasing an additional 12,830 shares during the period. GHP Investment Advisors Inc. owned about 0.05% of SS&C Technologies worth $7,871,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Pzena Investment Management LLC increased its stake in SS&C Technologies by 0.3% in the 1st quarter. Pzena Investment Management LLC now owns 14,519,103 shares of the technology company’s stock worth $934,595,000 after purchasing an additional 46,211 shares during the period. Burgundy Asset Management Ltd. increased its stake in shares of SS&C Technologies by 0.5% during the first quarter. Burgundy Asset Management Ltd. now owns 4,740,742 shares of the technology company’s stock valued at $305,162,000 after buying an additional 23,950 shares during the period. Franklin Resources Inc. increased its stake in shares of SS&C Technologies by 1.5% during the fourth quarter. Franklin Resources Inc. now owns 3,871,753 shares of the technology company’s stock valued at $236,603,000 after buying an additional 56,002 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of SS&C Technologies by 0.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,860,256 shares of the technology company’s stock valued at $248,485,000 after buying an additional 25,183 shares during the period. Finally, Norges Bank purchased a new position in shares of SS&C Technologies during the fourth quarter valued at approximately $168,860,000. 96.95% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other SS&C Technologies news, Director Michael Jay Zamkow sold 7,500 shares of the company’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $60.46, for a total value of $453,450.00. Following the completion of the sale, the director now owns 41,576 shares in the company, valued at $2,513,684.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Michael Jay Zamkow sold 7,500 shares of the stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $60.46, for a total transaction of $453,450.00. Following the completion of the sale, the director now owns 41,576 shares in the company, valued at $2,513,684.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Rahul Kanwar sold 412,190 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $73.13, for a total value of $30,143,454.70. Following the sale, the chief operating officer now owns 57,642 shares of the company’s stock, valued at approximately $4,215,359.46. The disclosure for this sale can be found here. Insiders sold a total of 468,190 shares of company stock worth $34,031,675 over the last quarter. 15.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Royal Bank of Canada boosted their target price on SS&C Technologies from $72.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Needham & Company LLC upped 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. Finally, DA Davidson upped their price target on SS&C Technologies from $84.00 to $88.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Three research 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 stock. According to MarketBeat.com, SS&C Technologies currently has an average rating of “Moderate Buy” and an average target price of $70.75.

SS&C Technologies Stock Up 1.2 %

SSNC stock opened at $73.70 on Friday. SS&C Technologies Holdings, Inc. has a fifty-two week low of $46.61 and a fifty-two week high of $75.10. The business’s 50-day moving average is $70.51 and its two-hundred day moving average is $65.23. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market cap of $18.09 billion, a price-to-earnings ratio of 29.36 and a beta of 1.38.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, July 25th. The technology company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.07. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.43 billion. SS&C Technologies had a return on equity of 17.43% and a net margin of 12.33%. SS&C Technologies’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 earnings per share. As a group, analysts forecast that SS&C Technologies Holdings, Inc. will post 4.66 earnings per share for the current year.

SS&C Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd will be given a $0.25 dividend. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.24. The ex-dividend date is Tuesday, September 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.36%. SS&C Technologies’s dividend payout ratio is presently 39.84%.

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.