Machina Capital S.A.S. Sells 2,382 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Machina Capital S.A.S. trimmed its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 31.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,164 shares of the technology company’s stock after selling 2,382 shares during the period. Machina Capital S.A.S.’s holdings in SS&C Technologies were worth $391,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Kestra Investment Management LLC purchased a new position in SS&C Technologies in the 4th quarter valued at approximately $39,000. Parkside Financial Bank & Trust grew its stake in SS&C Technologies by 76.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock valued at $40,000 after buying an additional 229 shares in the last quarter. Financial Perspectives Inc purchased a new position in SS&C Technologies in the 4th quarter valued at approximately $51,000. CENTRAL TRUST Co purchased a new position in SS&C Technologies in the 4th quarter valued at approximately $65,000. Finally, Global X Japan Co. Ltd. grew its position in shares of 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 valued at $66,000 after purchasing an additional 574 shares in the last quarter. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. UBS Group boosted their price target on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Raymond James lifted their price objective on shares of SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a report on Friday, February 7th. StockNews.com raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. Needham & Company LLC lifted their price objective on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Jefferies Financial Group raised shares of SS&C Technologies from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, SS&C Technologies presently has an average rating of “Buy” and a consensus target price of $97.50.

Insiders Place Their Bets

In other news, SVP Jason Douglas White sold 71,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the sale, the senior vice president now owns 6,412 shares in the company, valued at $570,411.52. This represents a 91.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael Jay Zamkow sold 23,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the sale, the director now owns 23,200 shares in the company, valued at approximately $2,050,648. The trade was a 49.78 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 226,700 shares of company stock worth $18,547,125. 15.40% of the stock is currently owned by company insiders.

SS&C Technologies Stock Performance

Shares of NASDAQ:SSNC opened at $85.86 on Friday. The company has a market cap of $21.16 billion, a price-to-earnings ratio of 28.62 and a beta of 1.36. The company has a 50-day moving average price of $82.37 and a 200-day moving average price of $77.36. 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 $59.63 and a 12 month high of $89.73.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.32 by $0.09. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. As a group, equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Monday, March 3rd. SS&C Technologies’s dividend payout ratio is currently 33.33%.

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.