SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. decreased its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 8.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,410 shares of the technology company’s stock after selling 6,111 shares during the period. Pekin Hardy Strauss Inc.’s holdings in SS&C Technologies were worth $5,033,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SSNC. Kestra Investment Management LLC purchased a new stake in SS&C Technologies during the 4th quarter worth about $39,000. Financial Perspectives Inc purchased a new stake in SS&C Technologies during the 4th quarter worth about $51,000. CENTRAL TRUST Co purchased a new stake in SS&C Technologies during the 4th quarter worth about $65,000. Global X Japan Co. Ltd. increased its holdings in SS&C Technologies by 193.3% during the 4th quarter. Global X Japan Co. Ltd. now owns 871 shares of the technology company’s stock worth $66,000 after purchasing an additional 574 shares during the period. Finally, Capital Performance Advisors LLP purchased a new stake in SS&C Technologies during the 3rd quarter worth about $68,000. Institutional investors and hedge funds own 96.95% of the company’s stock.

Insider Buying and Selling

In other SS&C Technologies news, SVP Jason Douglas White sold 71,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the completion of the sale, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at approximately $570,411.52. This trade represents a 91.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William C. Stone sold 132,700 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $76.85, for a total value of $10,197,995.00. Following the sale, the chief executive officer now directly owns 31,837,926 shares of the company’s stock, valued at $2,446,744,613.10. The trade was a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 520,000 shares of company stock worth $40,777,638 in the last quarter. 15.40% of the stock is owned by insiders.

SS&C Technologies Trading Down 0.6 %

NASDAQ:SSNC opened at $88.60 on Friday. The stock’s 50 day moving average price is $80.04 and its 200 day moving average price is $76.24. The company has a market capitalization of $21.94 billion, a PE ratio of 29.53 and a beta of 1.38. 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 52-week low of $59.63 and a 52-week high of $89.50.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly 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%. On average, research analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors 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 yield of 1.13%. SS&C Technologies’s dividend payout ratio is presently 33.33%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. StockNews.com upgraded SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. Royal Bank of Canada increased their price objective on SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Raymond James increased their price objective on SS&C Technologies from $85.00 to $95.00 and gave the company a “strong-buy” rating in a report on Friday, February 7th. DA Davidson increased their price objective on SS&C Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a report on Monday, February 10th. Finally, Needham & Company LLC increased their price objective on SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a report on Friday, February 7th. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, SS&C Technologies currently has a consensus rating of “Buy” and an average target price of $97.50.

About SS&C Technologies

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.