SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Get Free Report) SVP Jason Douglas White sold 71,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total value of $6,316,160.00. Following the sale, the senior vice president now directly owns 6,412 shares in the company, valued at $570,411.52. The trade was a 91.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Jason Douglas White also recently made the following trade(s):
- On Tuesday, November 26th, Jason Douglas White sold 69,000 shares of SS&C Technologies stock. The stock was sold at an average price of $77.07, for a total value of $5,317,830.00.
SS&C Technologies Stock Up 0.0 %
SSNC traded up $0.04 during trading hours on Wednesday, hitting $89.12. 798,058 shares of the company’s stock were exchanged, compared to its average volume of 1,410,936. 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 1-year low of $59.63 and a 1-year high of $89.25. The stock’s 50-day moving average is $79.08 and its two-hundred day moving average is $75.75. The stock has a market cap of $22.07 billion, a price-to-earnings ratio of 29.71 and a beta of 1.38.
SS&C Technologies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Monday, March 3rd. SS&C Technologies’s dividend payout ratio (DPR) is 33.33%.
Analyst Upgrades and Downgrades
SSNC has been the subject of several research analyst reports. StockNews.com upgraded SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 10th. Jefferies Financial Group upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and upped their price target for the company from $70.00 to $94.00 in a report on Monday, February 3rd. UBS Group raised their price objective on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Raymond James upped their target price 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. Finally, Needham & Company LLC increased their target price on SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $97.50.
Get Our Latest Analysis on SS&C Technologies
Institutional Investors Weigh In On SS&C Technologies
Several large investors have recently made changes to their positions in the stock. Kestra Investment Management LLC acquired a new position in SS&C Technologies during the fourth quarter worth $39,000. Parkside Financial Bank & Trust increased its stake in shares of SS&C Technologies by 76.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock worth $40,000 after purchasing an additional 229 shares during the last quarter. Colonial Trust Co SC raised its holdings in shares of SS&C Technologies by 239.3% in the 4th quarter. Colonial Trust Co SC now owns 553 shares of the technology company’s stock valued at $42,000 after purchasing an additional 390 shares during the period. True Wealth Design LLC lifted its stake in SS&C Technologies by 163.6% in the 4th quarter. True Wealth Design LLC now owns 551 shares of the technology company’s stock valued at $42,000 after purchasing an additional 342 shares during the last quarter. Finally, Financial Perspectives Inc bought a new position in SS&C Technologies during the fourth quarter worth about $51,000. Institutional investors and hedge funds own 96.95% of the company’s stock.
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.
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