Amundi Reduces Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Amundi trimmed its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 58.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 367,418 shares of the technology company's stock after selling 506,980 shares during the quarter. Amundi owned 0.15% of SS&C Technologies worth $27,927,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Kestra Investment Management LLC purchased a new stake in SS&C Technologies during the fourth quarter valued at approximately $39,000. Parkside Financial Bank & Trust lifted its position in SS&C Technologies by 76.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock worth $40,000 after buying an additional 229 shares during the last quarter. Financial Perspectives Inc purchased a new position in SS&C Technologies during the fourth quarter worth $51,000. Rialto Wealth Management LLC bought a new position in SS&C Technologies during the fourth quarter valued at $64,000. Finally, CENTRAL TRUST Co purchased a new stake in shares of SS&C Technologies in the fourth quarter valued at $65,000. Institutional investors own 96.95% of the company's stock.

Insiders Place Their Bets

In other SS&C Technologies news, SVP Jason Douglas White sold 71,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total value of $6,316,160.00. Following the completion of the transaction, the senior vice president now owns 6,412 shares of the company's stock, valued at approximately $570,411.52. This trade represents a 91.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael Jay Zamkow sold 23,000 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the sale, the director now directly owns 23,200 shares in the company, valued at $2,050,648. This trade represents a 49.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.40% of the stock is currently owned by corporate insiders.

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SS&C Technologies Stock Up 0.8 %

Shares of SSNC traded up $0.68 during midday trading on Monday, reaching $82.09. 936,721 shares of the stock were exchanged, compared to its average volume of 1,157,802. The company has a market capitalization of $20.23 billion, a P/E ratio of 27.36 and a beta of 1.36. 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 52 week low of $59.63 and a 52 week high of $89.73. The company's 50 day moving average is $82.94 and its two-hundred day moving average is $77.65.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.09. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. On average, sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Monday, March 3rd. SS&C Technologies's payout ratio is 33.33%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Needham & Company LLC increased their price objective 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, February 7th. DA Davidson raised their price target on SS&C Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. UBS Group boosted their price objective on SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Jefferies Financial Group upgraded SS&C Technologies from a "hold" rating to a "buy" rating and increased their target price for the stock from $70.00 to $94.00 in a research note on Monday, February 3rd. Finally, Raymond James boosted their target price on shares of SS&C Technologies from $85.00 to $95.00 and gave the company a "strong-buy" rating in a research note on Friday, February 7th. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, SS&C Technologies presently has a consensus rating of "Buy" and an average target price of $97.50.

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.