SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) SVP Sells $5,317,830.00 in Stock

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

SS&C Technologies Stock Performance

Shares of SSNC stock opened at $77.36 on Friday. The company has a market cap of $19.16 billion, a P/E ratio of 27.73 and a beta of 1.39. The firm has a fifty day moving average price of $74.20 and a 200 day moving average price of $69.67. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a 12 month low of $55.57 and a 12 month high of $77.53.

SS&C Technologies (NASDAQ:SSNC) last issued its 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 business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company earned $1.04 EPS. Sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Monday, December 2nd. SS&C Technologies’s payout ratio is 35.84%.

Analysts Set New Price Targets

SSNC has been the topic of several research reports. Royal Bank of Canada raised their target price on SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. StockNews.com lowered shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. DA Davidson reaffirmed a “buy” rating and set a $92.00 target price on shares of SS&C Technologies in a research note on Thursday, October 10th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price target on shares of SS&C Technologies in a research report on Friday, October 25th. Finally, Raymond James boosted their price target on shares of SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $77.75.

Institutional Investors Weigh In On SS&C Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System increased its position in shares of SS&C Technologies by 5.3% during the first quarter. California State Teachers Retirement System now owns 433,572 shares of the technology company’s stock worth $27,909,000 after purchasing an additional 21,641 shares in the last quarter. Tidal Investments LLC grew its stake in SS&C Technologies by 28.5% during the 1st quarter. Tidal Investments LLC now owns 22,975 shares of the technology company’s stock worth $1,479,000 after buying an additional 5,100 shares during the last quarter. Comerica Bank increased its position in SS&C Technologies by 24.0% during the first quarter. Comerica Bank now owns 50,531 shares of the technology company’s stock worth $3,253,000 after buying an additional 9,764 shares during the period. Plato Investment Management Ltd purchased a new stake in SS&C Technologies in the first quarter valued at approximately $1,115,000. Finally, LRI Investments LLC acquired a new stake in shares of SS&C Technologies in the first quarter valued at approximately $364,000. 96.95% of the stock is currently owned by institutional investors and hedge funds.

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.