Brooklyn Investment Group Takes $73,000 Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Brooklyn Investment Group purchased a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 985 shares of the technology company’s stock, valued at approximately $73,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Quantbot Technologies LP raised its stake in SS&C Technologies by 932.5% during the third quarter. Quantbot Technologies LP now owns 13,856 shares of the technology company’s stock worth $1,028,000 after purchasing an additional 12,514 shares during the period. FMR LLC raised its stake 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 purchasing an additional 58,389 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of SS&C Technologies by 2.7% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 23,397 shares of the technology company’s stock valued at $1,736,000 after acquiring an additional 624 shares during the period. Dai ichi Life Insurance Company Ltd purchased a new stake in shares of SS&C Technologies in the 3rd quarter valued at approximately $340,000. Finally, Qsemble Capital Management LP raised its stake in shares of SS&C Technologies by 966.5% in the 3rd quarter. Qsemble Capital Management LP now owns 36,814 shares of the technology company’s stock valued at $2,732,000 after acquiring an additional 33,362 shares during the period. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. StockNews.com downgraded shares of 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 issued a $90.00 price target on shares of SS&C Technologies in a research note on Friday, October 25th. DA Davidson reissued a “buy” rating and issued a $92.00 price target on shares of SS&C Technologies in a research note on Thursday, October 10th. Royal Bank of Canada upped their target price on shares of SS&C Technologies from $75.00 to $86.00 and gave the stock an “outperform” rating in a research note on Thursday, September 19th. Finally, Raymond James boosted their price target on shares of SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $77.75.

SS&C Technologies Stock Performance

Shares of SSNC opened at $77.36 on Friday. The company has a 50-day simple moving average of $74.20 and a 200-day simple moving average of $69.67. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $19.16 billion, a PE ratio of 27.73 and a beta of 1.39. SS&C Technologies Holdings, Inc. has a 52-week low of $55.57 and a 52-week high of $77.53.

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

SS&C Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Monday, December 2nd. SS&C Technologies’s dividend payout ratio is presently 35.84%.

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.