Alhambra Investment Management LLC Invests $364,000 in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Alhambra Investment Management LLC purchased a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,806 shares of the technology company’s stock, valued at approximately $364,000.

Other large investors also recently bought and sold shares of the company. Toronto Dominion Bank grew its position in shares of SS&C Technologies by 26.4% in the third quarter. Toronto Dominion Bank now owns 32,136 shares of the technology company’s stock valued at $2,385,000 after purchasing an additional 6,721 shares during the period. State Street Corp lifted its stake in SS&C Technologies by 2.2% in the 3rd 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 in the last quarter. Benson Investment Management Company Inc. acquired a new stake in SS&C Technologies in the 4th quarter worth about $5,578,000. Meyer Handelman Co. increased its stake in SS&C Technologies by 13.0% during the 4th quarter. Meyer Handelman Co. now owns 74,680 shares of the technology company’s stock worth $5,659,000 after buying an additional 8,588 shares in the last quarter. Finally, National Pension Service raised its holdings in shares of SS&C Technologies by 5.4% during the third quarter. National Pension Service now owns 530,166 shares of the technology company’s stock valued at $39,344,000 after acquiring an additional 27,336 shares during the last quarter. Institutional investors and hedge funds own 96.95% of the company’s stock.

SS&C Technologies Stock Performance

NASDAQ:SSNC opened at $78.50 on Friday. The company’s 50-day moving average is $75.98 and its two-hundred day moving average is $73.26. The firm has a market capitalization of $19.44 billion, a price-to-earnings ratio of 28.14 and a beta of 1.37. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. SS&C Technologies Holdings, Inc. has a 1-year low of $59.20 and a 1-year high of $79.59.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter last year, the firm earned $1.04 earnings per share. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. Analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current year.

SS&C Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Monday, December 2nd. SS&C Technologies’s dividend payout ratio (DPR) is presently 35.84%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SSNC shares. Raymond James lifted their price target on SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 25th. DA Davidson reaffirmed a “buy” rating and set a $92.00 target price on shares of SS&C Technologies in a report on Thursday, October 10th. 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. Finally, StockNews.com lowered shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. Two investment 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. Based on data from MarketBeat.com, SS&C Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.75.

Insider Buying and Selling at SS&C Technologies

In related news, CEO William C. Stone sold 247,300 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $76.61, for a total transaction of $18,945,653.00. Following the completion of the transaction, the chief executive officer now directly owns 31,837,926 shares in the company, valued at $2,439,103,510.86. This trade represents a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total value of $5,317,830.00. Following the completion of the transaction, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at approximately $494,172.84. This represents a 91.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 449,000 shares of company stock worth $34,461,478 over the last three months. Insiders own 15.40% of the company’s stock.

About SS&C Technologies

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.