SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by New World Advisors LLC

New World Advisors LLC lowered its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 16.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,900 shares of the technology company’s stock after selling 750 shares during the quarter. New World Advisors LLC’s holdings in SS&C Technologies were worth $296,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. SkyView Investment Advisors LLC raised its holdings in SS&C Technologies by 2.2% during the third quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company’s stock worth $475,000 after purchasing an additional 137 shares in the last quarter. Global Retirement Partners LLC increased its holdings in shares of SS&C Technologies by 11.8% in the 4th quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company’s stock valued at $107,000 after acquiring an additional 149 shares during the period. Legacy Capital Group California Inc. increased its holdings in shares of SS&C Technologies by 5.8% in the 4th quarter. Legacy Capital Group California Inc. now owns 3,003 shares of the technology company’s stock valued at $228,000 after acquiring an additional 164 shares during the period. Foundations Investment Advisors LLC increased its holdings in shares of SS&C Technologies by 5.6% in the 4th quarter. Foundations Investment Advisors LLC now owns 3,249 shares of the technology company’s stock valued at $246,000 after acquiring an additional 171 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in shares of SS&C Technologies by 0.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 46,282 shares of the technology company’s stock valued at $3,435,000 after acquiring an additional 196 shares during the period. Institutional investors and hedge funds own 96.95% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Jefferies Financial Group raised shares of SS&C Technologies from a “hold” rating to a “buy” rating and lifted their target price for the company from $70.00 to $94.00 in a report on Monday, February 3rd. UBS Group lifted their target price on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Royal Bank of Canada lifted their target price 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. Needham & Company LLC boosted their price objective on shares of SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, StockNews.com upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 10th. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, SS&C Technologies currently has a consensus rating of “Buy” and a consensus price target of $97.50.

Insider Activity at SS&C Technologies

In related news, CEO William C. Stone sold 132,700 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $76.85, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jason Douglas White sold 69,000 shares of the stock in a transaction dated 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 sale, the senior vice president now directly owns 6,412 shares in the company, valued at approximately $494,172.84. The trade was a 91.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 520,000 shares of company stock valued at $40,777,638. Insiders own 15.40% of the company’s stock.

SS&C Technologies Stock Performance

NASDAQ:SSNC opened at $88.60 on Monday. 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 fifty-two week low of $59.63 and a fifty-two week high of $89.50. The stock has a market cap of $21.94 billion, a PE ratio of 29.53 and a beta of 1.38. The firm’s fifty day simple moving average is $80.04 and its 200-day simple moving average is $76.29.

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, topping analysts’ consensus estimates 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 expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.13%. SS&C Technologies’s payout ratio is 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.