SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) SVP Sells $5,317,830.00 in Stock

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) SVP Jason Douglas White sold 69,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the completion of the transaction, the senior vice president now owns 6,412 shares of the company’s stock, valued at $494,172.84. This represents a 91.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

SS&C Technologies Stock Performance

Shares of SS&C Technologies stock traded up $0.26 on Wednesday, reaching $77.36. 938,794 shares of the stock were exchanged, compared to its average volume of 1,093,274. 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 firm has a market capitalization of $19.16 billion, a PE ratio of 27.63 and a beta of 1.39. SS&C Technologies Holdings, Inc. has a 1-year low of $55.57 and a 1-year high of $77.53. The business has a fifty day moving average price of $74.16 and a two-hundred day moving average price of $69.62.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.03. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the business posted $1.04 EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, research analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.29%. SS&C Technologies’s payout ratio is currently 35.84%.

Hedge Funds Weigh In On SS&C Technologies

Large investors have recently made changes to their positions in the stock. Tidal Investments LLC grew its position in SS&C Technologies by 111.4% during the third quarter. Tidal Investments LLC now owns 87,897 shares of the technology company’s stock worth $6,523,000 after buying an additional 46,323 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of SS&C Technologies in the 3rd quarter worth approximately $2,326,000. Sanctuary Advisors LLC increased its stake in SS&C Technologies by 7.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 33,375 shares of the technology company’s stock valued at $2,541,000 after purchasing an additional 2,287 shares in the last quarter. Boyar Asset Management Inc. acquired a new position in SS&C Technologies during the third quarter worth $1,334,000. Finally, SkyView Investment Advisors LLC grew its holdings in SS&C Technologies by 2.2% in the third quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company’s stock valued at $475,000 after purchasing an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Analyst Ratings Changes

SSNC has been the subject of a number of research analyst reports. Raymond James upped their target price on SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a research report on Friday, October 25th. StockNews.com lowered shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of SS&C Technologies in a research report on Friday, October 25th. DA Davidson reissued a “buy” rating and set a $92.00 price objective on shares of SS&C Technologies in a research report on Thursday, October 10th. Finally, Royal Bank of Canada upped their target price on shares of SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, SS&C Technologies currently has an average rating of “Moderate Buy” and an average price target of $77.75.

About SS&C Technologies

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.