SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Director Sells $2,032,970.00 in Stock

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Director Michael Jay Zamkow sold 23,000 shares of the stock in a transaction on 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 $2,050,648. The trade was a 49.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

SS&C Technologies Trading Up 1.0 %

SS&C Technologies stock opened at $89.05 on Friday. SS&C Technologies Holdings, Inc. has a 12-month low of $59.63 and a 12-month high of $89.50. The firm has a market capitalization of $22.06 billion, a price-to-earnings ratio of 29.68 and a beta of 1.38. The firm has a 50 day moving average of $81.37 and a 200 day moving average of $76.88. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) 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%. As a group, research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.12%. SS&C Technologies’s payout ratio is 33.33%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SSNC. Raymond James upped their price objective on SS&C Technologies from $85.00 to $95.00 and gave the company a “strong-buy” rating in a research report on Friday, February 7th. Jefferies Financial Group raised 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 research 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. StockNews.com raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. Finally, Royal Bank of Canada lifted their price target on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $97.50.

Hedge Funds Weigh In On SS&C Technologies

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in SS&C Technologies by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 20,215,026 shares of the technology company’s stock worth $1,531,895,000 after purchasing an additional 239,438 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of SS&C Technologies by 3.4% during the fourth quarter. Janus Henderson Group PLC now owns 16,598,958 shares of the technology company’s stock valued at $1,257,869,000 after buying an additional 539,483 shares during the last quarter. State Street Corp lifted its holdings in shares of SS&C Technologies by 2.2% in the third quarter. State Street Corp now owns 5,624,174 shares of the technology company’s stock worth $417,370,000 after buying an additional 121,223 shares in the last quarter. Boston Partners boosted its position in shares of SS&C Technologies by 283.1% during the fourth quarter. Boston Partners now owns 5,279,386 shares of the technology company’s stock worth $400,161,000 after acquiring an additional 3,901,227 shares during the last quarter. Finally, Cantillon Capital Management LLC grew its stake in SS&C Technologies by 0.6% during the fourth quarter. Cantillon Capital Management LLC now owns 4,533,081 shares of the technology company’s stock valued at $343,517,000 after acquiring an additional 25,895 shares in the last quarter. Institutional investors own 96.95% of the company’s stock.

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.