Mercer Global Advisors Inc. ADV Grows Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Mercer Global Advisors Inc. ADV increased its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 1.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,470 shares of the technology company’s stock after purchasing an additional 238 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in SS&C Technologies were worth $1,158,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quent Capital LLC increased its stake in shares of SS&C Technologies by 76.8% during the first quarter. Quent Capital LLC now owns 396 shares of the technology company’s stock worth $25,000 after acquiring an additional 172 shares during the period. Innealta Capital LLC purchased a new position in shares of SS&C Technologies during the 2nd quarter worth approximately $26,000. ST Germain D J Co. Inc. acquired a new stake in shares of SS&C Technologies in the 1st quarter valued at approximately $27,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of SS&C Technologies in the second quarter valued at approximately $35,000. Finally, Versant Capital Management Inc grew its holdings in SS&C Technologies by 6,300.0% during the second quarter. Versant Capital Management Inc now owns 704 shares of the technology company’s stock worth $44,000 after acquiring an additional 693 shares during the period. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

SS&C Technologies Trading Down 1.3 %

Shares of SS&C Technologies stock opened at $73.85 on Thursday. The business has a 50 day moving average price of $72.50 and a 200 day moving average price of $66.00. The company has a market capitalization of $18.12 billion, a P/E ratio of 29.42 and a beta of 1.38. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.16 and a quick ratio of 1.16. SS&C Technologies Holdings, Inc. has a 1 year low of $46.61 and a 1 year high of $76.94.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Thursday, July 25th. The technology company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.07. SS&C Technologies had a return on equity of 17.43% and a net margin of 12.33%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the company earned $0.96 earnings per share. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. Sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.66 EPS for the current fiscal year.

SS&C Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.35%. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.24. SS&C Technologies’s dividend payout ratio (DPR) is 39.84%.

SS&C Technologies announced that its board has approved a share repurchase program on Thursday, July 25th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the technology company to purchase up to 5.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. DA Davidson raised their target price on SS&C Technologies from $88.00 to $92.00 and gave the company a “buy” rating in a report on Friday, September 20th. Royal Bank of Canada raised their price objective on shares of SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. Finally, Needham & Company LLC upped their target price on shares of SS&C Technologies from $81.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $73.75.

Insiders Place Their Bets

In other SS&C Technologies news, Director Michael Jay Zamkow sold 19,000 shares of the stock in a transaction on 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 owns 22,576 shares of the company’s stock, valued at approximately $1,715,098.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Michael Jay Zamkow sold 19,000 shares of the 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 in the company, valued at $1,715,098.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Smita Conjeevaram sold 48,500 shares of SS&C Technologies stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $70.82, for a total value of $3,434,770.00. Following the completion of the sale, the director now owns 9,576 shares of the company’s stock, valued at approximately $678,172.32. The disclosure for this sale can be found here. In the last three months, insiders sold 609,690 shares of company stock valued at $44,821,055. Company insiders own 15.40% of the company’s stock.

SS&C Technologies Company 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.