SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt decreased its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 41.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 700 shares of the technology company’s stock after selling 500 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in SS&C Technologies were worth $53,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. CENTRAL TRUST Co acquired a new position in shares of SS&C Technologies during the 4th quarter worth approximately $65,000. Capital Performance Advisors LLP purchased a new stake in SS&C Technologies in the 3rd quarter worth $68,000. Versant Capital Management Inc raised its position in SS&C Technologies by 32.5% during the fourth 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 period. Brooklyn Investment Group purchased a new position in SS&C Technologies during the third quarter valued at $73,000. Finally, Blue Trust Inc. grew its position in shares of SS&C Technologies by 557.0% in the third quarter. Blue Trust Inc. now owns 1,971 shares of the technology company’s stock valued at $146,000 after purchasing an additional 1,671 shares during the period. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, CEO William C. Stone sold 132,700 shares of the company’s 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 transaction, the chief executive officer now owns 31,837,926 shares of the company’s stock, valued at $2,446,744,613.10. This represents a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through 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 owns 6,412 shares of the company’s stock, valued at approximately $494,172.84. This represents a 91.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 449,000 shares of company stock worth $34,461,478. 15.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

SSNC has been the topic of a number of research reports. Royal Bank of Canada raised their price target on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a research note on Friday. Needham & Company LLC raised their target price on SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Friday. Raymond James boosted their price target on SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a research report on Friday. Jefferies Financial Group upgraded SS&C Technologies from a “hold” rating to a “buy” rating and raised their price objective for the company from $70.00 to $94.00 in a report on Monday, February 3rd. Finally, UBS Group upped their target price 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. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $88.25.

SS&C Technologies Trading Up 6.0 %

Shares of SSNC stock opened at $86.71 on Friday. SS&C Technologies Holdings, Inc. has a twelve month low of $59.53 and a twelve month high of $87.50. The stock has a market cap of $21.48 billion, a price-to-earnings ratio of 31.08 and a beta of 1.38. The company’s 50-day moving average price is $77.51 and its 200-day moving average price is $74.84. 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 posted its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.09. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.33%. As a group, equities analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Monday, December 2nd. SS&C Technologies’s dividend payout ratio (DPR) is presently 35.84%.

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.