Insider Selling: SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) SVP Sells 69,000 Shares of Stock

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) SVP Jason Douglas White sold 69,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the sale, the senior vice president now owns 6,412 shares of the company’s stock, valued at $494,172.84. This represents a 91.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

SS&C Technologies Stock Up 0.3 %

Shares of SS&C Technologies stock traded up $0.26 during trading hours on Wednesday, reaching $77.36. 938,794 shares of the company were exchanged, compared to its average volume of 1,093,274. The firm has a market cap of $19.16 billion, a PE ratio of 27.63 and a beta of 1.39. The stock’s fifty day moving average is $74.16 and its 200 day moving average is $69.62. SS&C Technologies Holdings, Inc. has a 1 year low of $55.57 and a 1 year high of $77.53. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.03. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.44 billion. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. SS&C Technologies’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.04 EPS. As a group, equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Monday, December 2nd. SS&C Technologies’s dividend payout ratio is presently 35.84%.

Analysts Set New Price Targets

Several research firms have issued reports on SSNC. Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of SS&C Technologies in a research note on Friday, October 25th. DA Davidson reissued a “buy” rating and set a $92.00 price objective on shares of SS&C Technologies in a research report on Thursday, October 10th. StockNews.com cut 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 boosted their price target 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, Raymond James increased their price objective on shares of SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $77.75.

Institutional Investors Weigh In On SS&C Technologies

Several institutional investors have recently modified their holdings of the company. Assenagon Asset Management S.A. raised its stake in SS&C Technologies by 2,178.2% in the second quarter. Assenagon Asset Management S.A. now owns 104,797 shares of the technology company’s stock valued at $6,568,000 after buying an additional 100,197 shares in the last quarter. National Pension Service increased its holdings in shares of SS&C Technologies by 5.4% in the 3rd quarter. National Pension Service now owns 530,166 shares of the technology company’s stock valued at $39,344,000 after acquiring an additional 27,336 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of SS&C Technologies during the 2nd quarter worth about $1,661,000. Jackson Square Capital LLC purchased a new stake in SS&C Technologies during the third quarter worth approximately $1,612,000. Finally, Burgundy Asset Management Ltd. boosted its holdings in SS&C Technologies by 4.3% in the second quarter. Burgundy Asset Management Ltd. now owns 4,942,374 shares of the technology company’s stock valued at $309,739,000 after purchasing an additional 201,632 shares in the last quarter. 96.95% of the stock is owned by hedge funds and other institutional investors.

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.