USS Investment Management Ltd Sells 14,131 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

USS Investment Management Ltd cut its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 20.3% during the 4th quarter, Holdings Channel reports. The firm owned 55,429 shares of the technology company’s stock after selling 14,131 shares during the period. USS Investment Management Ltd’s holdings in SS&C Technologies were worth $4,201,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Steward Partners Investment Advisory LLC increased its holdings in shares of SS&C Technologies by 16.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the technology company’s stock worth $67,000 after purchasing an additional 123 shares during the period. EP Wealth Advisors LLC increased its stake in SS&C Technologies by 2.0% in the fourth quarter. EP Wealth Advisors LLC now owns 7,003 shares of the technology company’s stock valued at $531,000 after acquiring an additional 139 shares during the last quarter. Global Retirement Partners LLC increased its stake in SS&C Technologies by 11.8% in the fourth quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company’s stock valued at $107,000 after acquiring an additional 149 shares during the last quarter. Farther Finance Advisors LLC increased its stake in SS&C Technologies by 15.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,163 shares of the technology company’s stock valued at $88,000 after acquiring an additional 158 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in SS&C Technologies by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 3,193 shares of the technology company’s stock valued at $242,000 after acquiring an additional 161 shares during the last quarter. 96.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

SSNC has been the topic of a number of recent analyst reports. Jefferies Financial Group raised 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 research note on Monday, February 3rd. UBS Group lifted their price objective on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. DA Davidson decreased their price objective on shares of SS&C Technologies from $100.00 to $94.00 and set a “buy” rating on the stock in a research note on Monday, April 28th. Raymond James decreased their target price on shares of SS&C Technologies from $95.00 to $90.00 and set a “strong-buy” rating on the stock in a research note on Friday, April 25th. Finally, Wall Street Zen raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 16th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $91.86.

SS&C Technologies Price Performance

Shares of NASDAQ:SSNC opened at $78.90 on Friday. The firm has a market cap of $19.46 billion, a PE ratio of 26.30 and a beta of 1.24. The firm’s fifty day moving average is $78.25 and its 200-day moving average is $79.10. 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 $60.01 and a 52 week high of $89.73.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.03. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. SS&C Technologies’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.28 earnings per share. Sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

Insider Transactions at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 23,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total value of $2,032,970.00. Following the transaction, the director now owns 23,200 shares in the company, valued at $2,050,648. The trade was a 49.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan E. Michael bought 2,700 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The stock was purchased at an average price of $75.53 per share, for a total transaction of $203,931.00. Following the acquisition, the director now owns 72,776 shares of the company’s stock, valued at $5,496,771.28. This trade represents a 3.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. 16.40% of the stock is 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.