Guardian Wealth Management Inc. Buys 432 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Guardian Wealth Management Inc. grew its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 1.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,943 shares of the technology company’s stock after acquiring an additional 432 shares during the period. SS&C Technologies comprises approximately 1.8% of Guardian Wealth Management Inc.’s investment portfolio, making the stock its 21st biggest holding. Guardian Wealth Management Inc.’s holdings in SS&C Technologies were worth $2,519,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of SSNC. Janus Henderson Group PLC increased its position in SS&C Technologies by 5.4% during the 3rd quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company’s stock valued at $1,191,774,000 after purchasing an additional 817,501 shares during the period. Diamond Hill Capital Management Inc. boosted its stake in shares of SS&C Technologies by 0.7% during the second quarter. Diamond Hill Capital Management Inc. now owns 7,798,723 shares of the technology company’s stock valued at $488,746,000 after purchasing an additional 53,080 shares in the last quarter. State Street Corp increased its holdings in SS&C Technologies by 2.2% during the third quarter. State Street Corp now owns 5,624,174 shares of the technology company’s stock valued at $417,370,000 after buying an additional 121,223 shares during the period. Burgundy Asset Management Ltd. raised its stake in SS&C Technologies by 4.3% in the second quarter. Burgundy Asset Management Ltd. now owns 4,942,374 shares of the technology company’s stock worth $309,739,000 after buying an additional 201,632 shares in the last quarter. Finally, FMR LLC lifted its holdings in SS&C Technologies by 1.5% during the third quarter. FMR LLC now owns 3,984,057 shares of the technology company’s stock worth $295,657,000 after buying an additional 58,389 shares during the period. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Insider Buying and Selling

In other SS&C Technologies news, Director Michael Jay Zamkow sold 19,000 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $75.97, for a total value of $1,443,430.00. Following the completion of the transaction, the director now directly owns 22,576 shares of the company’s stock, valued at approximately $1,715,098.72. The trade was a 45.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Normand A. Boulanger sold 130,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $75.38, for a total transaction of $9,799,400.00. Following the sale, the director now directly owns 333,576 shares in the company, valued at $25,144,958.88. The trade was a 28.04 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 218,000 shares of company stock worth $16,560,660. 15.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SSNC. StockNews.com cut SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Needham & Company LLC reissued a “buy” rating and set a $90.00 price target on shares of SS&C Technologies in a research report on Friday, October 25th. DA Davidson reaffirmed a “buy” rating and issued a $92.00 price objective on shares of SS&C Technologies in a research report on Thursday, October 10th. Raymond James increased their target price on shares of SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a research report on Friday, October 25th. Finally, Royal Bank of Canada raised their target price on shares of SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $77.75.

SS&C Technologies Trading Down 0.5 %

Shares of SS&C Technologies stock opened at $76.12 on Monday. The firm’s 50 day simple moving average is $74.48 and its two-hundred day simple moving average is $70.38. The firm has a market capitalization of $18.85 billion, a price-to-earnings ratio of 27.28 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a 12-month low of $56.62 and a 12-month high of $77.69. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.03. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business posted $1.04 EPS. Analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current year.

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.31%. SS&C Technologies’s dividend payout ratio is currently 35.84%.

SS&C Technologies Company 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.