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

Graypoint LLC lessened its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 25.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,142 shares of the technology company’s stock after selling 2,079 shares during the quarter. Graypoint LLC’s holdings in SS&C Technologies were worth $465,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Toronto Dominion Bank increased its holdings in SS&C Technologies by 26.4% in the third quarter. Toronto Dominion Bank now owns 32,136 shares of the technology company’s stock valued at $2,385,000 after buying an additional 6,721 shares in the last quarter. State Street Corp grew its holdings in shares of SS&C Technologies by 2.2% in the 3rd quarter. State Street Corp now owns 5,624,174 shares of the technology company’s stock worth $417,370,000 after acquiring an additional 121,223 shares during the period. National Pension Service increased its stake in SS&C Technologies by 5.4% in the 3rd quarter. National Pension Service now owns 530,166 shares of the technology company’s stock valued at $39,344,000 after purchasing an additional 27,336 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in SS&C Technologies by 64.8% during the third quarter. Assenagon Asset Management S.A. now owns 172,712 shares of the technology company’s stock worth $12,817,000 after purchasing an additional 67,915 shares during the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in SS&C Technologies during the third quarter worth $2,219,000. Institutional investors and hedge funds own 96.95% of the company’s stock.

SS&C Technologies Stock Performance

NASDAQ SSNC opened at $74.75 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $18.51 billion, a PE ratio of 26.79 and a beta of 1.37. The business’s 50-day moving average price is $75.53 and its 200 day moving average price is $72.80. SS&C Technologies Holdings, Inc. has a twelve month low of $59.18 and a twelve month high of $77.69.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.03. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.33%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the company posted $1.04 EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, research analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current year.

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Monday, December 2nd. SS&C Technologies’s dividend payout ratio (DPR) is currently 35.84%.

Analysts Set New Price Targets

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

Insider Activity at SS&C Technologies

In other news, CEO William C. Stone sold 247,300 shares of SS&C Technologies stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $76.61, for a total value of $18,945,653.00. Following the transaction, the chief executive officer now directly owns 31,837,926 shares of the company’s stock, valued at $2,439,103,510.86. The trade was a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Jason Douglas White sold 69,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was 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 of the company’s stock, valued at approximately $494,172.84. This trade represents a 91.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 449,000 shares of company stock worth $34,461,478. 15.40% of the stock is owned by insiders.

SS&C Technologies Company Profile

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.