SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by First Trust Advisors LP

First Trust Advisors LP decreased its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 6.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 464,290 shares of the technology company's stock after selling 30,684 shares during the period. First Trust Advisors LP owned 0.19% of SS&C Technologies worth $35,184,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of SSNC. Kestra Investment Management LLC acquired a new stake in shares of SS&C Technologies in the 4th quarter worth $39,000. Parkside Financial Bank & Trust boosted its holdings in SS&C Technologies by 76.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock worth $40,000 after acquiring an additional 229 shares in the last quarter. Financial Perspectives Inc purchased a new stake in shares of SS&C Technologies during the fourth quarter worth about $51,000. Rialto Wealth Management LLC acquired a new position in shares of SS&C Technologies during the fourth quarter valued at about $64,000. Finally, CENTRAL TRUST Co purchased a new position in shares of SS&C Technologies in the 4th quarter valued at approximately $65,000. 96.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Michael Jay Zamkow sold 23,000 shares of the company's stock in a transaction dated 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 completion of the sale, the director now owns 23,200 shares of the company's stock, valued at approximately $2,050,648. This represents a 49.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jason Douglas White sold 71,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the completion of the transaction, the senior vice president now directly owns 6,412 shares in the company, valued at $570,411.52. This trade represents a 91.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on SSNC shares. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $86.00 price objective (down from $90.00) on shares of SS&C Technologies in a research note on Friday. Royal Bank of Canada lifted their price target on SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. DA Davidson cut their price objective on SS&C Technologies from $100.00 to $94.00 and set a "buy" rating on the stock in a report on Monday. UBS Group upped their target price on SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Finally, StockNews.com cut shares of SS&C Technologies from a "strong-buy" rating to a "buy" rating in a report on Friday. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $91.86.

SS&C Technologies Stock Performance

SSNC traded up $1.69 on Tuesday, reaching $75.07. The stock had a trading volume of 968,225 shares, compared to its average volume of 1,268,499. The business's 50-day moving average price is $80.93 and its two-hundred day moving average price is $78.59. The company has a market cap of $18.50 billion, a P/E ratio of 25.00 and a beta of 1.31. SS&C Technologies Holdings, Inc. has a 12-month low of $60.01 and a 12-month 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.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.03. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. SS&C Technologies's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.28 EPS. Sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.25 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.33%. SS&C Technologies's dividend payout ratio (DPR) is 31.06%.

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.