SS&C Technologies Holdings, Inc. $SSNC Stock Sold by Skylands Capital LLC

Key Points

• Skylands Capital cut its SS&C Technologies stake by 27.8% in the third quarter, selling 45,900 shares and retaining 119,375 shares worth about $9.2 million. Institutional investors collectively own 96.9% of the company.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $92.62. Targets range from $87 to $101, while one analyst maintains a neutral rating.
• SS&C reported quarterly earnings of $1.76 per share, exceeding estimates, while revenue rose 10.3% year over year to $1.70 billion. The company also increased its quarterly dividend to $0.30 per share, equivalent to a 1.4% yield.

Skylands Capital LLC lessened its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 27.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 119,375 shares of the technology company's stock after selling 45,900 shares during the quarter. SS&C Technologies makes up about 1.2% of Skylands Capital LLC's holdings, making the stock its 24th largest position. Skylands Capital LLC owned 0.05% of SS&C Technologies worth $9,200,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Axxcess Wealth Management LLC acquired a new position in shares of SS&C Technologies in the 3rd quarter valued at $224,000. Nisa Investment Advisors LLC raised its position in SS&C Technologies by 47.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 11,660 shares of the technology company's stock valued at $899,000 after purchasing an additional 3,775 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in SS&C Technologies by 5.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,123,578 shares of the technology company's stock worth $163,664,000 after purchasing an additional 102,252 shares during the period. Net Worth Advisory Group acquired a new stake in SS&C Technologies during the 3rd quarter worth $284,000. Finally, Pension & Wealth Management Advisors Inc. acquired a new stake in SS&C Technologies during the 3rd quarter worth $29,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. DA Davidson restated a "buy" rating and issued a $96.00 price objective on shares of SS&C Technologies in a research note on Monday, July 27th. JPMorgan Chase & Co. decreased their target price on shares of SS&C Technologies from $94.00 to $87.00 and set a "neutral" rating for the company in a research note on Monday, July 20th. Needham & Company LLC reissued a "buy" rating and set a $90.00 price target on shares of SS&C Technologies in a report on Friday, July 24th. Weiss Ratings raised SS&C Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, September 25th. Finally, UBS Group restated a "buy" rating and issued a $101.00 price target on shares of SS&C Technologies in a research report on Wednesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $92.62.

SS&C Technologies Price Performance

SS&C Technologies stock opened at $87.09 on Thursday. SS&C Technologies Holdings, Inc. has a 12 month low of $61.40 and a 12 month high of $89.93. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.06 and a quick ratio of 1.06. The business has a 50 day simple moving average of $81.28 and a 200-day simple moving average of $73.49. The stock has a market capitalization of $20.44 billion, a PE ratio of 25.03 and a beta of 1.09.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The technology company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.08. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.66 billion. SS&C Technologies had a return on equity of 21.20% and a net margin of 13.16%. The company's revenue for the quarter was up 10.3% on a year-over-year basis. During the same period last year, the company earned $1.45 earnings per share. Equities analysts predict that SS&C Technologies Holdings, Inc. will post 6.26 earnings per share for the current year.

SS&C Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Tuesday, September 1st. This is an increase from SS&C Technologies's previous quarterly dividend of $0.27. SS&C Technologies's payout ratio is currently 34.48%.

SS&C Technologies Profile

SS&C Technologies Holdings, Inc is a global provider of software and technology-enabled services for the financial services and healthcare industries. The company helps investment firms, banks, insurers, corporations and healthcare organizations manage operations, data, reporting and regulatory requirements through integrated technology platforms and outsourced services.

Its financial services offerings support areas including investment and fund accounting, portfolio and wealth management, trading and risk management, alternative investments, private markets, transfer agency, fund administration and investor communications.

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