Barclays PLC Sells 201,014 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Barclays PLC trimmed its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 43.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 261,760 shares of the technology company's stock after selling 201,014 shares during the period. Barclays PLC owned about 0.11% of SS&C Technologies worth $19,425,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SSNC. LRI Investments LLC raised its stake in shares of SS&C Technologies by 299.3% during the third quarter. LRI Investments LLC now owns 22,598 shares of the technology company's stock worth $1,677,000 after acquiring an additional 16,939 shares in the last quarter. SGL Investment Advisors Inc. bought a new position in shares of SS&C Technologies during the 3rd quarter valued at $4,358,000. Groupama Asset Managment raised its position in SS&C Technologies by 0.8% in the 3rd quarter. Groupama Asset Managment now owns 30,763 shares of the technology company's stock worth $2,283,000 after purchasing an additional 256 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in SS&C Technologies by 9.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 63,335 shares of the technology company's stock worth $4,700,000 after purchasing an additional 5,420 shares during the last quarter. Finally, MML Investors Services LLC boosted its position in SS&C Technologies by 8.8% during the third quarter. MML Investors Services LLC now owns 10,547 shares of the technology company's stock valued at $783,000 after buying an additional 853 shares during the period. Institutional investors own 96.95% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price objective on shares of SS&C Technologies in a report on Friday, October 25th. DA Davidson reaffirmed a "buy" rating and issued a $92.00 price target on shares of SS&C Technologies in a research note on Thursday, October 10th. Raymond James increased their price objective on SS&C Technologies from $79.00 to $85.00 and gave the company a "strong-buy" rating in a research note on Friday, October 25th. StockNews.com downgraded shares of SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 15th. Finally, Royal Bank of Canada increased their price target on shares of SS&C Technologies from $75.00 to $86.00 and gave the company an "outperform" rating in a research report on Thursday, September 19th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $77.75.

Insider Buying and Selling

In other SS&C Technologies news, CEO William C. Stone sold 247,300 shares of SS&C Technologies stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $76.61, for a total transaction of $18,945,653.00. Following the completion of the transaction, the chief executive officer now owns 31,837,926 shares in the company, valued at approximately $2,439,103,510.86. The trade was a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jason Douglas White sold 69,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total value of $5,317,830.00. Following the completion of the sale, 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. Insiders have sold a total of 598,000 shares of company stock valued at $45,704,308 over the last ninety days. Company insiders own 15.40% of the company's stock.

SS&C Technologies Trading Down 0.3 %

NASDAQ:SSNC traded down $0.23 during trading hours on Friday, hitting $76.67. The company had a trading volume of 779,522 shares, compared to its average volume of 1,204,980. 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 stock has a 50-day moving average price of $74.76 and a 200 day moving average price of $70.91. The company has a market capitalization of $18.99 billion, a PE ratio of 27.48 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a 52 week low of $58.79 and a 52 week high of $77.69.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share 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 firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the firm posted $1.04 EPS. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities research analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.25 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.30%. SS&C Technologies's dividend payout ratio is presently 35.84%.

SS&C Technologies 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.