National Bank of Canada FI Has $335,000 Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

National Bank of Canada FI lessened its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 20.0% during the third quarter, HoldingsChannel.com reports. The firm owned 4,514 shares of the technology company’s stock after selling 1,128 shares during the quarter. National Bank of Canada FI’s holdings in SS&C Technologies were worth $335,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Innealta Capital LLC acquired a new stake in SS&C Technologies during the second quarter worth approximately $26,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of SS&C Technologies during the 2nd quarter worth $35,000. Benjamin Edwards Inc. increased its position in shares of SS&C Technologies by 43.3% in the second quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company’s stock worth $42,000 after purchasing an additional 204 shares during the period. 1620 Investment Advisors Inc. acquired a new position in SS&C Technologies in the second quarter valued at about $47,000. Finally, Capital Performance Advisors LLP bought a new stake in SS&C Technologies during the third quarter worth about $68,000. 96.95% of the stock is owned by institutional investors.

SS&C Technologies Trading Down 0.3 %

Shares of SSNC stock opened at $76.67 on Monday. SS&C Technologies Holdings, Inc. has a twelve month low of $58.79 and a twelve month high of $77.69. The stock’s fifty day simple moving average is $74.76 and its 200 day simple moving average is $70.91. 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 firm has a market capitalization of $18.99 billion, a P/E ratio of 27.48 and a beta of 1.38.

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

SS&C Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.30%. SS&C Technologies’s dividend payout ratio (DPR) is presently 35.84%.

Insider Buying and Selling

In other SS&C Technologies news, Director Michael Jay Zamkow sold 19,000 shares of SS&C Technologies stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $75.97, for a total transaction of $1,443,430.00. Following 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Jason Douglas White sold 69,000 shares of the 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 sale, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at approximately $494,172.84. The trade was a 91.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 468,000 shares of company stock valued at $35,904,908 over the last 90 days. 15.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Raymond James boosted 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. Needham & Company LLC restated a “buy” rating and set a $90.00 target price on shares of SS&C Technologies in a research note on Friday, October 25th. Royal Bank of Canada raised their target price on SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. DA Davidson reissued a “buy” rating and set a $92.00 price target on shares of SS&C Technologies in a report on Thursday, October 10th. Finally, StockNews.com lowered SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Two research 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, SS&C Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $77.75.

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.