TD Asset Management Inc Sells 3,786 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

TD Asset Management Inc lowered its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 3.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 92,369 shares of the technology company’s stock after selling 3,786 shares during the period. TD Asset Management Inc’s holdings in SS&C Technologies were worth $5,598,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. IFP Advisors Inc raised its position in shares of SS&C Technologies by 136.1% during the second quarter. IFP Advisors Inc now owns 477 shares of the technology company’s stock valued at $26,000 after buying an additional 275 shares during the last quarter. KB Financial Partners LLC bought a new stake in shares of SS&C Technologies during the first quarter valued at approximately $26,000. Ellevest Inc. raised its position in shares of SS&C Technologies by 165.8% during the first quarter. Ellevest Inc. now owns 497 shares of the technology company’s stock valued at $28,000 after buying an additional 310 shares during the last quarter. Harbour Investments Inc. raised its position in shares of SS&C Technologies by 364.3% during the first quarter. Harbour Investments Inc. now owns 520 shares of the technology company’s stock valued at $29,000 after buying an additional 408 shares during the last quarter. Finally, Natixis bought a new stake in shares of SS&C Technologies during the fourth quarter valued at approximately $33,000. Institutional investors own 82.17% of the company’s stock.

SS&C Technologies Stock Up 0.2 %

NASDAQ SSNC opened at $55.12 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.09. The company has a fifty day moving average of $52.46 and a two-hundred day moving average of $55.80. The firm has a market capitalization of $13.64 billion, a price-to-earnings ratio of 22.78 and a beta of 1.41. SS&C Technologies Holdings, Inc. has a 52 week low of $46.61 and a 52 week high of $64.52.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, October 26th. The technology company reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.03). The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.37 billion. SS&C Technologies had a net margin of 11.42% and a return on equity of 16.77%. On average, analysts predict that SS&C Technologies Holdings, Inc. will post 4.15 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Thursday, November 30th. SS&C Technologies’s dividend payout ratio is currently 39.67%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SSNC shares. StockNews.com upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 9th. Raymond James cut their target price on shares of SS&C Technologies from $74.00 to $71.00 in a report on Friday, July 28th. TheStreet lowered shares of SS&C Technologies from a “b-” rating to a “c+” rating in a report on Wednesday, September 13th. DA Davidson cut their target price on shares of SS&C Technologies from $70.00 to $66.00 and set a “buy” rating for the company in a report on Friday, October 27th. Finally, Morgan Stanley cut their target price on shares of SS&C Technologies from $56.00 to $53.00 and set an “equal weight” rating for the company in a report on Friday, October 27th. One analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $66.33.

Insider Activity

In other news, COO Rahul Kanwar sold 140,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $56.76, for a total transaction of $7,946,400.00. Following the completion of the sale, the chief operating officer now directly owns 50,000 shares of the company’s stock, valued at $2,838,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, COO Rahul Kanwar sold 140,000 shares of SS&C Technologies stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $56.76, for a total value of $7,946,400.00. Following the completion of the sale, the chief operating officer now directly owns 50,000 shares in the company, valued at $2,838,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Normand A. Boulanger sold 60,000 shares of SS&C Technologies stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $55.06, for a total value of $3,303,600.00. Following the completion of the sale, the director now owns 280,000 shares of the company’s stock, valued at $15,416,800. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 220,000 shares of company stock valued at $12,353,800. 14.60% of the stock is currently owned by company insiders.

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 include 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 comprising claims adjudication, benefit management, care management, and business intelligence solutions.