SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Stock Position Lessened by Geode Capital Management LLC

Geode Capital Management LLC trimmed its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,541,919 shares of the technology company’s stock after selling 79,103 shares during the period. Geode Capital Management LLC owned approximately 1.43% of SS&C Technologies worth $267,893,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Kestra Investment Management LLC bought a new stake in shares of SS&C Technologies during the 4th quarter worth about $39,000. Parkside Financial Bank & Trust increased its stake in shares of SS&C Technologies by 76.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock valued at $40,000 after acquiring an additional 229 shares during the period. Financial Perspectives Inc bought a new stake in SS&C Technologies during the fourth quarter worth approximately $51,000. Rialto Wealth Management LLC acquired a new stake in SS&C Technologies in the fourth quarter worth approximately $64,000. Finally, CENTRAL TRUST Co bought a new position in SS&C Technologies during the 4th quarter valued at $65,000. 96.95% of the stock is currently owned by institutional investors.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, SVP Jason Douglas White sold 71,000 shares of the 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 transaction, the senior vice president now directly owns 6,412 shares of the company’s stock, 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 dated 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 directly owns 23,200 shares in the company, valued at approximately $2,050,648. This represents a 49.78 % decrease in their position. The disclosure for this sale can be found here. 15.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SSNC. DA Davidson upped their price objective on SS&C Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a report on Monday, February 10th. Royal Bank of Canada upped their price target on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a report on Friday, February 7th. 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 research note on Friday, February 7th. Jefferies Financial Group raised shares of SS&C Technologies from a “hold” rating to a “buy” rating and increased their target price for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. Finally, UBS Group upped their price target on SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, SS&C Technologies has a consensus rating of “Buy” and a consensus price target of $97.50.

SS&C Technologies Price Performance

Shares of NASDAQ:SSNC opened at $74.35 on Friday. The company has a market cap of $18.33 billion, a P/E ratio of 24.78 and a beta of 1.36. The company’s fifty day moving average is $84.27 and its two-hundred day moving average is $78.47. The company has a quick ratio of 1.21, a current 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 earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. Equities analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Monday, March 3rd. SS&C Technologies’s dividend payout ratio (DPR) is presently 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.