Citigroup Inc. Has $10.42 Million Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Citigroup Inc. lessened its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 7.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 140,470 shares of the technology company's stock after selling 11,077 shares during the quarter. Citigroup Inc. owned about 0.06% of SS&C Technologies worth $10,424,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SSNC. Diamond Hill Capital Management Inc. lifted its position in shares of SS&C Technologies by 0.7% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 7,798,723 shares of the technology company's stock valued at $488,746,000 after acquiring an additional 53,080 shares during the last quarter. Burgundy Asset Management Ltd. increased its stake in SS&C Technologies by 4.3% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 4,942,374 shares of the technology company's stock worth $309,739,000 after purchasing an additional 201,632 shares in the last quarter. Millennium Management LLC raised its holdings in SS&C Technologies by 49.2% during the 2nd quarter. Millennium Management LLC now owns 3,399,874 shares of the technology company's stock worth $213,070,000 after buying an additional 1,120,961 shares during the period. Dimensional Fund Advisors LP lifted its stake in SS&C Technologies by 14.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,696,702 shares of the technology company's stock valued at $168,995,000 after buying an additional 349,911 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of SS&C Technologies by 3.2% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 1,573,909 shares of the technology company's stock worth $98,637,000 after buying an additional 48,488 shares during the period. 96.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Royal Bank of Canada raised their price objective on shares of SS&C Technologies from $75.00 to $86.00 and gave the stock an "outperform" rating in a research note on Thursday, September 19th. DA Davidson restated a "buy" rating and set a $92.00 price target on shares of SS&C Technologies in a report on Thursday, October 10th. 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. Needham & Company LLC reissued a "buy" rating and set a $90.00 price objective on shares of SS&C Technologies in a research report on Friday, October 25th. Finally, Raymond James raised their price target on SS&C Technologies from $79.00 to $85.00 and gave the stock a "strong-buy" rating in a research note on Friday, October 25th. Two 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 stock. According to data from MarketBeat.com, SS&C Technologies presently has an average rating of "Moderate Buy" and an average target price of $77.75.

SS&C Technologies Stock Performance

Shares of SS&C Technologies stock traded down $0.02 on Friday, reaching $77.34. The stock had a trading volume of 571,963 shares, compared to its average volume of 1,091,018. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. SS&C Technologies Holdings, Inc. has a fifty-two week low of $55.63 and a fifty-two week high of $77.69. The business's 50-day moving average price is $74.22 and its two-hundred day moving average price is $69.73. The stock has a market cap of $19.16 billion, a P/E ratio of 27.73 and a beta of 1.39.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The technology company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.03. The company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.44 billion. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. SS&C Technologies's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.04 earnings per share. On average, sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current year.

SS&C Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.25 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 1.29%. SS&C Technologies's dividend payout ratio (DPR) is 35.84%.

Insiders Place Their Bets

In related news, Director Michael Jay Zamkow sold 19,000 shares of the company's stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $75.97, for a total value of $1,443,430.00. Following the sale, the director now owns 22,576 shares of the company's stock, valued at $1,715,098.72. The trade was a 45.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Jason Douglas White sold 69,000 shares of the firm's stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the transaction, the senior vice president now owns 6,412 shares of the company's stock, valued at approximately $494,172.84. This represents a 91.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 218,000 shares of company stock worth $16,560,660. 15.40% of the stock is currently owned by company insiders.

SS&C Technologies Company 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.