SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Byrne Asset Management LLC

Byrne Asset Management LLC cut its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,341 shares of the technology company’s stock after selling 402 shares during the period. Byrne Asset Management LLC’s holdings in SS&C Technologies were worth $1,238,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. CENTRAL TRUST Co acquired a new stake in SS&C Technologies in the 4th quarter valued at about $65,000. Global X Japan Co. Ltd. grew its holdings in SS&C Technologies by 193.3% during the 4th quarter. Global X Japan Co. Ltd. now owns 871 shares of the technology company’s stock worth $66,000 after acquiring an additional 574 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of SS&C Technologies in the 3rd quarter valued at approximately $68,000. Versant Capital Management Inc grew its stake in shares of SS&C Technologies by 32.5% during the fourth quarter. Versant Capital Management Inc now owns 949 shares of the technology company’s stock worth $72,000 after purchasing an additional 233 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in SS&C Technologies in the third quarter valued at $73,000. Institutional investors and hedge funds own 96.95% of the company’s stock.

SS&C Technologies Trading Up 6.0 %

Shares of SSNC opened at $86.71 on Friday. SS&C Technologies Holdings, Inc. has a twelve month low of $59.53 and a twelve month high of $87.50. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $21.48 billion, a P/E ratio of 28.90 and a beta of 1.38. The firm’s 50-day moving average is $77.51 and its two-hundred day moving average is $74.84.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. On average, research analysts predict that SS&C Technologies Holdings, Inc. will post 5.26 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a $0.25 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.15%. SS&C Technologies’s dividend payout ratio is presently 33.33%.

Insider Activity at SS&C Technologies

In related news, CEO William C. Stone sold 132,700 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $76.85, for a total transaction of $10,197,995.00. Following the sale, the chief executive officer now owns 31,837,926 shares of the company’s stock, valued at $2,446,744,613.10. This trade represents a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jason Douglas White sold 69,000 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the completion of the transaction, the senior vice president now owns 6,412 shares in the company, valued at approximately $494,172.84. This trade represents a 91.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 449,000 shares of company stock valued at $34,461,478. 15.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group raised shares of SS&C Technologies from a “hold” rating to a “buy” rating and boosted their price target for the company from $70.00 to $94.00 in a research report on Monday, February 3rd. Needham & Company LLC upped their price target on SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday. StockNews.com lowered shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. Royal Bank of Canada upped their price objective on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, UBS Group lifted their target price on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, SS&C Technologies has a consensus rating of “Buy” and a consensus target price of $88.25.

About SS&C Technologies

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.