Stephens Inc. AR Lowers Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Stephens Inc. AR lowered its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 19.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 40,472 shares of the technology company’s stock after selling 9,760 shares during the period. Stephens Inc. AR’s holdings in SS&C Technologies were worth $3,067,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SSNC. CENTRAL TRUST Co purchased a new position in shares of SS&C Technologies during the 4th quarter valued at $65,000. Global X Japan Co. Ltd. boosted its stake in SS&C Technologies by 193.3% during the fourth quarter. Global X Japan Co. Ltd. now owns 871 shares of the technology company’s stock valued at $66,000 after buying an additional 574 shares during the period. Capital Performance Advisors LLP purchased a new position in SS&C Technologies during the third quarter worth about $68,000. Versant Capital Management Inc increased its stake in SS&C Technologies by 32.5% in the 4th quarter. Versant Capital Management Inc now owns 949 shares of the technology company’s stock worth $72,000 after acquiring an additional 233 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of SS&C Technologies in the 3rd quarter valued at about $73,000. Institutional investors own 96.95% of the company’s stock.

SS&C Technologies Stock Down 0.7 %

Shares of NASDAQ:SSNC opened at $86.71 on Wednesday. The stock has a market capitalization of $21.48 billion, a P/E ratio of 28.90 and a beta of 1.38. The stock’s 50-day moving average price is $78.10 and its 200-day moving average price is $75.32. 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 Holdings, Inc. has a 12-month low of $59.53 and a 12-month high of $87.54.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, topping 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%. On average, equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.26 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $0.25 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 1.15%. SS&C Technologies’s payout ratio is currently 33.33%.

Insiders Place Their Bets

In related news, CEO William C. Stone sold 132,700 shares of SS&C Technologies stock in a transaction on 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 owns 31,837,926 shares in the company, valued at $2,446,744,613.10. The trade was a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies 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 sale, the senior vice president now directly owns 6,412 shares in the company, valued at $494,172.84. The trade was a 91.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 449,000 shares of company stock valued at $34,461,478 in the last quarter. Insiders own 15.40% of the company’s stock.

Wall Street Analysts Forecast Growth

SSNC has been the topic of several research analyst reports. Royal Bank of Canada upped their price objective on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Needham & Company LLC increased their price target on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, February 7th. StockNews.com upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday. DA Davidson upped their target price on shares of SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Raymond James raised their price target 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. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $89.50.

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.