Aviva PLC Buys New Position in SS&C Technologies Holdings, Inc. (SSNC)

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

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SSNC. Dupont Capital Management Corp acquired a new position in shares of SS&C Technologies in the 2nd quarter valued at about $207,000. Aperio Group LLC boosted its holdings in shares of SS&C Technologies by 4.4% in the 2nd quarter. Aperio Group LLC now owns 31,031 shares of the technology company’s stock valued at $1,611,000 after buying an additional 1,320 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of SS&C Technologies by 30.0% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 646,581 shares of the technology company’s stock valued at $33,558,000 after buying an additional 149,273 shares during the period. Wells Fargo & Company MN lifted its position in SS&C Technologies by 20.7% in the 2nd quarter. Wells Fargo & Company MN now owns 167,452 shares of the technology company’s stock valued at $8,691,000 after purchasing an additional 28,681 shares during the last quarter. Finally, Alps Advisors Inc. bought a new stake in SS&C Technologies in the 2nd quarter valued at about $299,000. Institutional investors own 83.90% of the company’s stock.

In related news, Director Jonathan E. Michael purchased 10,000 shares of the company’s stock in a transaction on Tuesday, November 20th. The shares were bought at an average cost of $44.58 per share, for a total transaction of $445,800.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Smita Conjeevaram purchased 3,000 shares of the company’s stock in a transaction on Monday, November 12th. The shares were bought at an average price of $48.52 per share, for a total transaction of $145,560.00. Following the completion of the transaction, the director now directly owns 3,000 shares in the company, valued at approximately $145,560. The disclosure for this purchase can be found here. Insiders have acquired a total of 35,714 shares of company stock worth $1,672,420 over the last 90 days. 17.50% of the stock is owned by insiders.

Several analysts recently weighed in on the stock. Rosenblatt Securities assumed coverage on shares of SS&C Technologies in a research report on Wednesday. They issued a “buy” rating and a $64.00 price objective on the stock. Evercore ISI assumed coverage on shares of SS&C Technologies in a research report on Thursday, November 29th. They issued a “buy” rating and a $74.00 price objective on the stock. Needham & Company LLC upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating and lifted their price objective for the company from $68.00 to $70.00 in a research report on Friday. DA Davidson upgraded shares of SS&C Technologies from a “neutral” rating to a “buy” rating in a research report on Friday, November 16th. Finally, Raymond James lifted their price objective on shares of SS&C Technologies from $67.00 to $68.00 and gave the company a “strong-buy” rating in a research report on Tuesday, November 20th. One research 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. SS&C Technologies has a consensus rating of “Buy” and an average target price of $64.36.

Shares of NASDAQ:SSNC opened at $46.53 on Friday. The stock has a market capitalization of $11.60 billion, a P/E ratio of 25.99, a PEG ratio of 1.36 and a beta of 1.21. SS&C Technologies Holdings, Inc. has a fifty-two week low of $39.73 and a fifty-two week high of $60.97. 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 (NASDAQ:SSNC) last issued its quarterly earnings data on Wednesday, October 31st. The technology company reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.05. SS&C Technologies had a net margin of 7.61% and a return on equity of 15.04%. The firm had revenue of $992.40 million for the quarter, compared to the consensus estimate of $1 billion. During the same period last year, the firm posted $0.50 EPS. SS&C Technologies’s quarterly revenue was up 137.3% compared to the same quarter last year. On average, research analysts expect 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. Shareholders of record on Saturday, December 1st will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.69%. SS&C Technologies’s dividend payout ratio (DPR) is 17.88%.

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SS&C Technologies 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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