Clark Estates Inc. NY Trims Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Clark Estates Inc. NY lowered its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 10.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 45,399 shares of the technology company's stock after selling 5,501 shares during the quarter. SS&C Technologies comprises 0.7% of Clark Estates Inc. NY's investment portfolio, making the stock its 27th largest holding. Clark Estates Inc. NY's holdings in SS&C Technologies were worth $3,440,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its holdings in SS&C Technologies by 24.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,454,937 shares of the technology company's stock worth $110,255,000 after acquiring an additional 286,643 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in SS&C Technologies by 4.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 830,001 shares of the technology company's stock valued at $62,897,000 after buying an additional 34,989 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in SS&C Technologies by 16.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the technology company's stock valued at $67,000 after buying an additional 123 shares in the last quarter. Global Strategic Investment Solutions LLC purchased a new position in SS&C Technologies during the 4th quarter valued at about $200,000. Finally, Jones Financial Companies Lllp grew its holdings in SS&C Technologies by 30.6% during the 4th quarter. Jones Financial Companies Lllp now owns 6,321 shares of the technology company's stock valued at $479,000 after buying an additional 1,482 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 Price Performance

NASDAQ:SSNC traded up $1.29 during mid-day trading on Friday, reaching $85.86. The stock had a trading volume of 2,526,947 shares, compared to its average volume of 1,464,222. The firm has a 50 day moving average price of $82.18 and a two-hundred day moving average price of $77.24. The stock has a market capitalization of $21.27 billion, a P/E ratio of 28.62 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a one year low of $59.63 and a one year high of $89.73. 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 (NASDAQ:SSNC - Get Free Report) last released its earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share 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%. As a group, analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $0.25 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.16%. SS&C Technologies's payout ratio is 33.33%.

Insider Buying and Selling

In other SS&C Technologies news, Director Michael Jay Zamkow sold 23,000 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total value of $2,032,970.00. Following the completion of the sale, the director now owns 23,200 shares in the company, valued at approximately $2,050,648. The trade was a 49.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of the business's stock in a transaction that occurred 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 sale, 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. Insiders sold 226,700 shares of company stock worth $18,547,125 in the last quarter. 15.40% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on SSNC shares. UBS Group lifted their target price on SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a report on Monday, February 3rd. StockNews.com raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday, February 10th. Raymond James lifted their target price on SS&C Technologies from $85.00 to $95.00 and gave the company a "strong-buy" rating in a report on Friday, February 7th. Needham & Company LLC boosted their price objective on SS&C Technologies from $90.00 to $105.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, DA Davidson boosted their price objective on SS&C Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, SS&C Technologies 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.