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

abrdn plc trimmed its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 16.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,940 shares of the technology company's stock after selling 7,243 shares during the period. abrdn plc's holdings in SS&C Technologies were worth $2,724,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. CENTRAL TRUST Co purchased a new position in SS&C Technologies during the fourth quarter worth $65,000. Capital Performance Advisors LLP acquired a new stake in shares of SS&C Technologies during the third quarter valued at $68,000. Versant Capital Management Inc increased its position in SS&C Technologies by 32.5% during the 4th quarter. Versant Capital Management Inc now owns 949 shares of the technology company's stock worth $72,000 after purchasing an additional 233 shares in the last quarter. Brooklyn Investment Group acquired a new position in SS&C Technologies in the 3rd quarter valued at about $73,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in SS&C Technologies in the 3rd quarter valued at about $89,000. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at SS&C Technologies

In related news, CEO William C. Stone sold 132,700 shares of SS&C Technologies stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $76.85, for a total transaction of $10,197,995.00. Following the sale, the chief executive officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jason Douglas White sold 69,000 shares of the 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 completion of the transaction, the senior vice president now owns 6,412 shares of the company's stock, valued at $494,172.84. This represents 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 worth $34,461,478 in the last ninety days. 15.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SSNC. UBS Group boosted their target price 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. StockNews.com raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday. DA Davidson lifted their price objective on SS&C Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a report on Monday. Raymond James upped their target price 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. Finally, Royal Bank of Canada raised 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, February 7th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $89.50.

SS&C Technologies Stock Performance

Shares of NASDAQ:SSNC traded up $0.49 during trading on Thursday, reaching $88.58. 1,168,938 shares of the company's stock traded hands, compared to its average volume of 1,435,170. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The company has a 50 day moving average of $78.57 and a 200-day moving average of $75.50. SS&C Technologies Holdings, Inc. has a 12 month low of $59.63 and a 12 month high of $88.80. The stock has a market capitalization of $21.94 billion, a P/E ratio of 29.53 and a beta of 1.38.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly 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 return on equity of 18.30% and a net margin of 12.93%. On average, equities analysts expect that SS&C Technologies Holdings, Inc. will post 5.26 EPS for the current year.

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.13%. SS&C Technologies's dividend payout ratio (DPR) is presently 33.33%.

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.