Stephens Inc. AR Sells 9,760 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Stephens Inc. AR reduced its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 19.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,472 shares of the technology company’s stock after selling 9,760 shares during the period. Stephens Inc. AR’s holdings in SS&C Technologies were worth $3,067,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Janus Henderson Group PLC increased its position in SS&C Technologies by 5.4% in the 3rd quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company’s stock valued at $1,191,774,000 after buying an additional 817,501 shares in the last quarter. KBC Group NV increased its holdings in shares of SS&C Technologies by 403.0% during the fourth quarter. KBC Group NV now owns 839,536 shares of the technology company’s stock valued at $63,620,000 after acquiring an additional 672,641 shares in the last quarter. Point72 Asset Management L.P. raised its position in shares of SS&C Technologies by 250.9% during the third quarter. Point72 Asset Management L.P. now owns 593,700 shares of the technology company’s stock worth $44,058,000 after purchasing an additional 424,487 shares during the period. Two Sigma Advisers LP lifted its holdings in shares of SS&C Technologies by 433.9% in the 3rd quarter. Two Sigma Advisers LP now owns 415,400 shares of the technology company’s stock worth $30,827,000 after purchasing an additional 337,600 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in SS&C Technologies by 44.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 897,198 shares of the technology company’s stock valued at $66,581,000 after purchasing an additional 275,186 shares during the period. Institutional investors and hedge funds own 96.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Royal Bank of Canada upped their price objective 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. Raymond James lifted their price target on SS&C Technologies from $85.00 to $95.00 and gave the company a “strong-buy” rating in a research note on Friday, February 7th. StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday. 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. Finally, Needham & Company LLC increased their price target on SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, SS&C Technologies currently has a consensus rating of “Buy” and a consensus price target of $89.50.

Insider Buying and Selling at SS&C Technologies

In related news, SVP Jason Douglas White sold 69,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total value of $5,317,830.00. Following the completion of the transaction, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at approximately $494,172.84. This trade represents a 91.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William C. Stone sold 247,300 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $76.61, for a total transaction of $18,945,653.00. Following the sale, the chief executive officer now directly owns 31,837,926 shares in the company, valued at $2,439,103,510.86. The trade was a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 449,000 shares of company stock valued at $34,461,478. Company insiders own 15.40% of the company’s stock.

SS&C Technologies Stock Down 0.7 %

Shares of NASDAQ:SSNC opened at $86.71 on Wednesday. SS&C Technologies Holdings, Inc. has a 1 year low of $59.53 and a 1 year high of $87.54. The company has a market capitalization of $21.48 billion, a PE ratio of 28.90 and a beta of 1.38. The business has a fifty day moving average price of $78.10 and a two-hundred day moving average price of $75.32. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share 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%. Analysts forecast that SS&C Technologies Holdings, Inc. will post 5.26 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a $0.25 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 1.15%. SS&C Technologies’s payout ratio is 33.33%.

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.