California Public Employees Retirement System Sells 7,952 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

California Public Employees Retirement System lowered its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 983,933 shares of the technology company's stock after selling 7,952 shares during the quarter. California Public Employees Retirement System owned about 0.40% of SS&C Technologies worth $74,562,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in SSNC. Kestra Investment Management LLC bought a new stake in SS&C Technologies during the 4th quarter worth about $39,000. Parkside Financial Bank & Trust lifted its position in shares of SS&C Technologies by 76.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock worth $40,000 after purchasing an additional 229 shares in the last quarter. Financial Perspectives Inc bought a new stake in shares of SS&C Technologies during the fourth quarter valued at approximately $51,000. Rialto Wealth Management LLC acquired a new stake in shares of SS&C Technologies in the fourth quarter valued at approximately $64,000. Finally, CENTRAL TRUST Co bought a new position in SS&C Technologies in the 4th quarter worth approximately $65,000. Institutional investors own 96.95% of the company's stock.

SS&C Technologies Stock Down 4.1 %

Shares of SSNC stock traded down $3.44 during trading hours on Thursday, hitting $79.98. 1,447,958 shares of the company were exchanged, compared to its average volume of 1,219,697. SS&C Technologies Holdings, Inc. has a 52 week low of $59.63 and a 52 week high of $89.73. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The business has a 50 day moving average of $84.38 and a two-hundred day moving average of $78.45. The company has a market capitalization of $19.71 billion, a PE ratio of 26.66 and a beta of 1.36.

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SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) 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%. Analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Monday, March 3rd. SS&C Technologies's dividend payout ratio (DPR) is currently 33.33%.

Insider Transactions at SS&C Technologies

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

Analyst Ratings Changes

A number of analysts recently commented on SSNC shares. Jefferies Financial Group upgraded SS&C Technologies from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. 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, February 7th. Royal Bank of Canada increased their price objective on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a report on Friday, February 7th. StockNews.com raised shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday, February 10th. Finally, UBS Group increased their price target on SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus 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.