SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Distillate Capital Partners LLC

Distillate Capital Partners LLC lowered its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 224,223 shares of the technology company’s stock after selling 2,201 shares during the period. Distillate Capital Partners LLC owned 0.09% of SS&C Technologies worth $16,992,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Boston Partners raised its position in SS&C Technologies by 283.1% in the fourth quarter. Boston Partners now owns 5,279,386 shares of the technology company’s stock valued at $400,161,000 after purchasing an additional 3,901,227 shares during the period. Norges Bank purchased a new stake in SS&C Technologies in the 4th quarter valued at about $205,475,000. KBC Group NV lifted its position in SS&C Technologies by 403.0% in the fourth quarter. KBC Group NV now owns 839,536 shares of the technology company’s stock valued at $63,620,000 after buying an additional 672,641 shares during the last quarter. Raymond James Financial Inc. purchased a new position in SS&C Technologies during the fourth quarter worth about $49,179,000. Finally, Russell Investments Group Ltd. increased its position in shares of SS&C Technologies by 94.4% during the fourth quarter. Russell Investments Group Ltd. now owns 720,364 shares of the technology company’s stock valued at $54,589,000 after acquiring an additional 349,820 shares during the last quarter. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Michael Jay Zamkow sold 23,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total value of $2,032,970.00. Following the completion of the sale, the director now directly owns 23,200 shares of the company’s stock, valued at approximately $2,050,648. This represents a 49.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president now 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 disclosure for this sale can be found here. Corporate insiders own 15.40% of the company’s stock.

SS&C Technologies Stock Performance

Shares of SSNC stock opened at $76.07 on Friday. SS&C Technologies Holdings, Inc. has a 12 month low of $59.63 and a 12 month high of $89.73. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The company has a market cap of $18.75 billion, a P/E ratio of 25.36 and a beta of 1.31. The firm has a fifty day moving average price of $83.42 and a 200 day moving average price of $78.43.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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 predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 1.31%. SS&C Technologies’s dividend payout ratio is presently 33.33%.

Analyst Ratings Changes

SSNC has been the subject of a number of research analyst reports. Needham & Company LLC increased their price objective on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. UBS Group lifted their target price on SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. StockNews.com raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 10th. Jefferies Financial Group upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and lifted their price objective for the company from $70.00 to $94.00 in a report on Monday, February 3rd. Finally, Royal Bank of Canada increased their target price on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $97.17.

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.