SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 6.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,210 shares of the technology company’s stock after selling 7,500 shares during the period. New York State Common Retirement Fund’s holdings in SS&C Technologies were worth $8,958,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Toronto Dominion Bank grew its holdings in shares of SS&C Technologies by 26.4% during the third quarter. Toronto Dominion Bank now owns 32,136 shares of the technology company’s stock worth $2,385,000 after purchasing an additional 6,721 shares during the last quarter. State Street Corp boosted its position in shares of SS&C Technologies by 2.2% in the 3rd quarter. State Street Corp now owns 5,624,174 shares of the technology company’s stock valued at $417,370,000 after purchasing an additional 121,223 shares during the period. ZWJ Investment Counsel Inc. increased its position in SS&C Technologies by 3.5% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 330,352 shares of the technology company’s stock worth $25,034,000 after buying an additional 11,077 shares during the period. Benson Investment Management Company Inc. acquired a new position in SS&C Technologies during the fourth quarter worth approximately $5,578,000. Finally, Swedbank AB lifted its stake in SS&C Technologies by 17.5% in the fourth quarter. Swedbank AB now owns 1,753,236 shares of the technology company’s stock valued at $132,860,000 after buying an additional 261,275 shares during the last quarter. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other SS&C Technologies news, CEO William C. Stone sold 247,300 shares of the stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $76.61, for a total value of $18,945,653.00. Following the completion of the transaction, the chief executive officer now directly owns 31,837,926 shares of the company’s stock, valued at approximately $2,439,103,510.86. This trade represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the sale, the senior vice president now owns 6,412 shares of the company’s stock, valued at approximately $570,411.52. The trade was a 91.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 451,000 shares of company stock worth $35,459,808 in the last 90 days. 15.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SSNC. Needham & Company LLC lifted their target price on shares of SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a report on Friday, February 7th. Jefferies Financial Group upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and lifted their price objective for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. UBS Group increased their target price on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. DA Davidson boosted their price target on SS&C Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Finally, Raymond James increased their price objective on SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 7th. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $97.50.

SS&C Technologies Trading Down 0.2 %

NASDAQ SSNC opened at $88.45 on Wednesday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $21.91 billion, a P/E ratio of 29.48 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a 52-week low of $59.63 and a 52-week high of $89.50. The firm has a 50-day moving average price of $80.54 and a 200 day moving average price of $76.55.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. Equities research analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.13%. SS&C Technologies’s dividend payout ratio (DPR) is presently 33.33%.

SS&C Technologies Profile

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.