SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Blair William & Co. IL

Blair William & Co. IL lowered its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 10.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,144 shares of the technology company's stock after selling 3,658 shares during the period. Blair William & Co. IL's holdings in SS&C Technologies were worth $2,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in SS&C Technologies by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 20,215,026 shares of the technology company's stock valued at $1,531,895,000 after buying an additional 239,438 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of SS&C Technologies by 5.4% in the 3rd quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company's stock valued at $1,191,774,000 after acquiring an additional 817,501 shares during the last quarter. State Street Corp raised its position in shares of SS&C Technologies by 2.2% during the 3rd quarter. State Street Corp now owns 5,624,174 shares of the technology company's stock worth $417,370,000 after acquiring an additional 121,223 shares in the last quarter. Boston Partners lifted its stake in SS&C Technologies by 283.1% during the fourth quarter. Boston Partners now owns 5,279,386 shares of the technology company's stock worth $400,161,000 after purchasing an additional 3,901,227 shares during the last quarter. Finally, Cantillon Capital Management LLC boosted its holdings in SS&C Technologies by 0.6% in the fourth quarter. Cantillon Capital Management LLC now owns 4,533,081 shares of the technology company's stock valued at $343,517,000 after purchasing an additional 25,895 shares in the last quarter. Hedge funds and other institutional investors own 96.95% of the company's stock.

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SS&C Technologies Stock Performance

Shares of NASDAQ SSNC traded down $3.44 during mid-day trading on Thursday, hitting $79.98. 1,447,958 shares of the company were exchanged, compared to its average volume of 1,219,854. 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 $19.71 billion, a price-to-earnings ratio of 26.66 and a beta of 1.36. The stock has a 50 day simple moving average of $84.38 and a 200-day simple moving average of $78.46. SS&C Technologies Holdings, Inc. has a 1-year low of $59.63 and a 1-year high of $89.73.

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 for the quarter, beating 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 forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.25%. The ex-dividend date was Monday, March 3rd. SS&C Technologies's payout ratio is 33.33%.

Insiders Place Their Bets

In other SS&C Technologies news, SVP Jason Douglas White sold 71,000 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the transaction, the senior vice president now directly owns 6,412 shares in the company, valued at approximately $570,411.52. This represents a 91.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies stock in a transaction that occurred 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 owns 23,200 shares of the company's stock, valued at approximately $2,050,648. The trade was 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 company insiders.

Wall Street Analyst Weigh In

SSNC has been the subject of several recent analyst reports. Needham & Company LLC boosted 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. StockNews.com raised shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Monday, February 10th. Jefferies Financial Group raised SS&C Technologies from a "hold" rating to a "buy" rating and upped their target price for the company from $70.00 to $94.00 in a research report on Monday, February 3rd. DA Davidson increased their price objective on SS&C Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a report on Monday, February 10th. Finally, Raymond James upped their price target on shares of 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. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $97.50.

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.