Guggenheim Capital LLC Sells 6,464 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Guggenheim Capital LLC trimmed its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 23.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,155 shares of the technology company’s stock after selling 6,464 shares during the period. Guggenheim Capital LLC’s holdings in SS&C Technologies were worth $1,195,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ellevest Inc. boosted its holdings in shares of SS&C Technologies by 165.8% during the 1st quarter. Ellevest Inc. now owns 497 shares of the technology company’s stock worth $28,000 after buying an additional 310 shares in the last quarter. Machina Capital S.A.S. acquired a new position in shares of SS&C Technologies during the first quarter worth approximately $32,000. Natixis acquired a new position in shares of SS&C Technologies during the fourth quarter worth approximately $33,000. Benjamin F. Edwards & Company Inc. raised its position in shares of SS&C Technologies by 181.9% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 716 shares of the technology company’s stock worth $37,000 after purchasing an additional 462 shares during the period. Finally, Belpointe Asset Management LLC acquired a new position in shares of SS&C Technologies during the fourth quarter worth approximately $40,000. 82.17% of the stock is currently owned by institutional investors.

Insider Transactions at SS&C Technologies

In other news, COO Rahul Kanwar sold 140,000 shares of the stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $56.76, for a total transaction of $7,946,400.00. Following the completion of the transaction, the chief operating officer now owns 50,000 shares in the company, valued at approximately $2,838,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other SS&C Technologies news, CFO Patrick J. Pedonti sold 200,000 shares of the firm’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $60.03, for a total value of $12,006,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Rahul Kanwar sold 140,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $56.76, for a total value of $7,946,400.00. Following the completion of the sale, the chief operating officer now directly owns 50,000 shares in the company, valued at approximately $2,838,000. The disclosure for this sale can be found here. 14.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 25th. DA Davidson lowered their price target on SS&C Technologies from $74.00 to $70.00 and set a “buy” rating for the company in a research report on Monday, July 31st. Credit Suisse Group increased their price target on SS&C Technologies from $83.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. Raymond James lowered their price target on SS&C Technologies from $74.00 to $71.00 in a research report on Friday, July 28th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $71.00 price target on shares of SS&C Technologies in a research report on Friday, July 28th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $66.11.

SS&C Technologies Trading Up 0.2 %

Shares of SS&C Technologies stock opened at $57.53 on Friday. SS&C Technologies Holdings, Inc. has a 1 year low of $45.25 and a 1 year high of $64.52. The firm has a market cap of $14.27 billion, a PE ratio of 23.77 and a beta of 1.42. The stock has a fifty day moving average price of $58.51 and a 200-day moving average price of $57.49. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.19 and a quick ratio of 1.19.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Thursday, July 27th. The technology company reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.05). SS&C Technologies had a net margin of 11.59% and a return on equity of 17.56%. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.2 EPS for the current year.

SS&C Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.24 per share. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, August 31st. This represents a $0.96 annualized dividend and a dividend yield of 1.67%. SS&C Technologies’s dividend payout ratio is presently 39.67%.

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 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.