SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC trimmed its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 94.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,441 shares of the technology company’s stock after selling 120,922 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in SS&C Technologies were worth $488,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Financial Perspectives Inc acquired a new position in shares of SS&C Technologies during the fourth quarter valued at $51,000. Global Retirement Partners LLC grew its holdings in SS&C Technologies by 11.8% during the fourth quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company’s stock worth $107,000 after acquiring an additional 149 shares during the period. Kestra Investment Management LLC acquired a new position in SS&C Technologies during the fourth quarter worth about $39,000. Peregrine Capital Management LLC grew its holdings in SS&C Technologies by 1.8% during the fourth quarter. Peregrine Capital Management LLC now owns 243,327 shares of the technology company’s stock worth $18,439,000 after acquiring an additional 4,263 shares during the period. Finally, Atria Wealth Solutions Inc. acquired a new position in SS&C Technologies during the fourth quarter worth about $200,000. 96.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Needham & Company LLC lifted their target price on SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, February 7th. UBS Group lifted their target price on SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Jefferies Financial Group raised SS&C Technologies from a “hold” rating to a “buy” rating and lifted their target price for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. Finally, DA Davidson lifted their target price on SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $97.50.

SS&C Technologies Trading Down 0.6 %

NASDAQ:SSNC opened at $88.60 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a 1-year low of $59.63 and a 1-year high of $89.50. The firm has a market capitalization of $21.94 billion, a price-to-earnings ratio of 29.53 and a beta of 1.38. The stock has a fifty day simple moving average of $80.04 and a 200 day simple moving average of $76.20.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, beating 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%. Sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Announces Dividend

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

Insiders Place Their Bets

In other SS&C Technologies news, CEO William C. Stone sold 132,700 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 31,837,926 shares in the company, valued at approximately $2,446,744,613.10. This trade represents a 0.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total value of $5,317,830.00. Following the sale, the senior vice president now owns 6,412 shares of the company’s stock, valued at approximately $494,172.84. This represents a 91.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 520,000 shares of company stock worth $40,777,638. 15.40% of the stock is currently owned by company insiders.

SS&C Technologies Company 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.