Thompson Investment Management Inc. Sells 394 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Thompson Investment Management Inc. lowered its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.7% during the fourth quarter, Holdings Channel reports. The fund owned 55,020 shares of the technology company’s stock after selling 394 shares during the period. Thompson Investment Management Inc.’s holdings in SS&C Technologies were worth $4,169,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SSNC. Janus Henderson Group PLC grew its holdings in SS&C Technologies by 5.4% during the 3rd quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company’s stock worth $1,191,774,000 after acquiring an additional 817,501 shares during the last quarter. KBC Group NV grew its holdings in SS&C Technologies by 403.0% during the 4th quarter. KBC Group NV now owns 839,536 shares of the technology company’s stock worth $63,620,000 after acquiring an additional 672,641 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in shares of SS&C Technologies by 250.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 593,700 shares of the technology company’s stock valued at $44,058,000 after purchasing an additional 424,487 shares during the last quarter. Two Sigma Advisers LP grew its position in shares of SS&C Technologies by 433.9% during the 3rd quarter. Two Sigma Advisers LP now owns 415,400 shares of the technology company’s stock worth $30,827,000 after buying an additional 337,600 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of SS&C Technologies by 44.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 897,198 shares of the technology company’s stock worth $66,581,000 after buying an additional 275,186 shares during the period. Institutional investors own 96.95% of the company’s stock.

Insider Transactions at SS&C Technologies

In other news, CEO William C. Stone sold 132,700 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $76.85, for a total transaction of $10,197,995.00. Following the transaction, the chief executive officer now owns 31,837,926 shares in the company, valued at approximately $2,446,744,613.10. This trade represents a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jason Douglas White sold 69,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total value of $5,317,830.00. Following the completion of the transaction, the senior vice president now directly owns 6,412 shares in the company, 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 90 days, insiders sold 449,000 shares of company stock worth $34,461,478. 15.40% of the stock is owned by insiders.

SS&C Technologies Stock Performance

Shares of SSNC stock opened at $86.71 on Friday. The company’s fifty day simple moving average is $77.69 and its 200-day simple moving average is $75.03. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The firm has a market cap of $21.48 billion, a PE ratio of 28.90 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a 12 month low of $59.53 and a 12 month high of $87.50.

SS&C Technologies (NASDAQ:SSNC) last issued its 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%. Equities research analysts expect that SS&C Technologies Holdings, Inc. will post 5.26 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Needham & Company LLC lifted their price target on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday. 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 report on Friday. Raymond James lifted their price target on shares of SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a research report on Friday. UBS Group lifted their price target on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Finally, StockNews.com lowered shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $88.25.

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.