Russell Investments Group Ltd. Has $23.61 Million Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Russell Investments Group Ltd. decreased its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 7.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 389,675 shares of the technology company’s stock after selling 29,283 shares during the period. Russell Investments Group Ltd.’s holdings in SS&C Technologies were worth $23,614,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several analysts have recently commented on the stock. Credit Suisse Group increased their target price on shares of SS&C Technologies from $83.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, July 28th. UBS Group initiated coverage on shares of SS&C Technologies in a research report on Tuesday, November 7th. They set a “buy” rating and a $72.00 price target for the company. DA Davidson reduced their price target on shares of SS&C Technologies from $70.00 to $66.00 and set a “buy” rating for the company in a research report on Friday, October 27th. Raymond James reduced their price target on shares of SS&C Technologies from $74.00 to $71.00 in a research report on Friday, July 28th. Finally, 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. One analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $66.33.

SS&C Technologies Price Performance

Shares of 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 firm has a market capitalization of $13.64 billion, a PE ratio of 22.78 and a beta of 1.41. SS&C Technologies Holdings, Inc. has a twelve month low of $46.61 and a twelve month high of $64.52. The company has a 50-day moving average price of $52.46 and a two-hundred day moving average price of $55.80.

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

SS&C Technologies Dividend Announcement

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

Insider Activity

In other news, Director Normand A. Boulanger sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $55.19, for a total value of $1,103,800.00. Following the completion of the transaction, the director now directly owns 380,000 shares in the company, valued at $20,972,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Normand A. Boulanger sold 60,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now directly owns 280,000 shares of the company’s stock, valued at $15,416,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Normand A. Boulanger sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $55.19, for a total transaction of $1,103,800.00. Following the completion of the sale, the director now directly owns 380,000 shares in the company, valued at $20,972,200. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 220,000 shares of company stock worth $12,353,800. 14.60% of the stock is owned by company insiders.

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 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.