Jackson Square Capital LLC Has $1.19 Million Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Jackson Square Capital LLC lowered its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 28.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,640 shares of the technology company’s stock after selling 6,088 shares during the period. Jackson Square Capital LLC’s holdings in SS&C Technologies were worth $1,185,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Toronto Dominion Bank grew its holdings in shares of SS&C Technologies by 26.4% in the 3rd quarter. Toronto Dominion Bank now owns 32,136 shares of the technology company’s stock valued at $2,385,000 after acquiring an additional 6,721 shares in the last quarter. State Street Corp boosted its position in SS&C Technologies by 2.2% during the third 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 last quarter. Benson Investment Management Company Inc. bought a new position in SS&C Technologies in the fourth quarter valued at approximately $5,578,000. Meyer Handelman Co. increased its position in shares of SS&C Technologies by 13.0% during the 4th quarter. Meyer Handelman Co. now owns 74,680 shares of the technology company’s stock worth $5,659,000 after purchasing an additional 8,588 shares during the last quarter. Finally, National Pension Service raised its stake in shares of SS&C Technologies by 5.4% during the 3rd quarter. National Pension Service now owns 530,166 shares of the technology company’s stock worth $39,344,000 after purchasing an additional 27,336 shares in the last quarter. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at SS&C Technologies

In other SS&C Technologies news, CEO William C. Stone sold 132,700 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $76.85, for a total transaction of $10,197,995.00. Following the transaction, the chief executive officer now owns 31,837,926 shares in the company, valued at $2,446,744,613.10. This represents a 0.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies stock in a transaction that occurred on 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 sale, the senior vice president now owns 6,412 shares of the company’s stock, valued at approximately $494,172.84. The trade was a 91.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 449,000 shares of company stock worth $34,461,478. Corporate insiders own 15.40% of the company’s stock.

SS&C Technologies Stock Down 0.8 %

Shares of SSNC opened at $78.50 on Friday. The firm has a market cap of $19.44 billion, a P/E ratio of 28.14 and a beta of 1.37. 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 Holdings, Inc. has a 52 week low of $59.20 and a 52 week high of $79.59. The firm’s 50-day simple moving average is $75.98 and its 200 day simple moving average is $73.34.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, beating 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%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.04 earnings per share. On average, analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current year.

SS&C Technologies Announces Dividend

The firm also recently announced 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 of this dividend was Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.27%. SS&C Technologies’s payout ratio is presently 35.84%.

Wall Street Analysts Forecast Growth

SSNC has been the subject of several analyst reports. StockNews.com cut shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price objective on shares of SS&C Technologies in a research report on Friday, October 25th. Raymond James upped their target price on shares of SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. Finally, DA Davidson reiterated a “buy” rating and set a $92.00 price target on shares of SS&C Technologies in a report on Thursday, October 10th. Two research 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.75.

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.