SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Barclays PLC

Barclays PLC lowered its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 43.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 261,760 shares of the technology company’s stock after selling 201,014 shares during the quarter. Barclays PLC’s holdings in SS&C Technologies were worth $19,425,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in SSNC. LRI Investments LLC raised its holdings in shares of SS&C Technologies by 299.3% in the 3rd quarter. LRI Investments LLC now owns 22,598 shares of the technology company’s stock worth $1,677,000 after purchasing an additional 16,939 shares during the period. SGL Investment Advisors Inc. purchased a new position in SS&C Technologies in the third quarter valued at approximately $4,358,000. Groupama Asset Managment lifted its position in SS&C Technologies by 0.8% during the third quarter. Groupama Asset Managment now owns 30,763 shares of the technology company’s stock valued at $2,283,000 after buying an additional 256 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in SS&C Technologies by 9.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 63,335 shares of the technology company’s stock worth $4,700,000 after buying an additional 5,420 shares during the period. Finally, MML Investors Services LLC increased its position in shares of SS&C Technologies by 8.8% in the third quarter. MML Investors Services LLC now owns 10,547 shares of the technology company’s stock worth $783,000 after acquiring an additional 853 shares in the last quarter. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Jason Douglas White sold 69,000 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president now directly owns 6,412 shares in the company, 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 SEC, which can be accessed through the SEC website. Also, CEO William C. Stone sold 132,700 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $76.85, for a total transaction of $10,197,995.00. Following the sale, the chief executive officer now directly owns 31,837,926 shares of the company’s stock, valued at approximately $2,446,744,613.10. This represents a 0.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 598,000 shares of company stock valued at $45,704,308 over the last 90 days. 15.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SSNC. StockNews.com lowered shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of SS&C Technologies in a research report on Friday, October 25th. Raymond James raised their target price on SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. DA Davidson restated a “buy” rating and issued a $92.00 price target on shares of SS&C Technologies in a report on Thursday, October 10th. Finally, Royal Bank of Canada lifted their price objective on shares of SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $77.75.

SS&C Technologies Trading Down 0.3 %

NASDAQ SSNC opened at $76.67 on Friday. The company’s fifty day moving average price is $74.76 and its two-hundred day moving average price is $70.84. The company has a market capitalization of $18.99 billion, a price-to-earnings ratio of 27.48 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a 12 month low of $58.79 and a 12 month high of $77.69. 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, October 24th. The technology company reported $1.29 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 last year, the firm earned $1.04 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, research analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Monday, December 2nd. SS&C Technologies’s dividend payout ratio is currently 35.84%.

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.