SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. lowered its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,721,872 shares of the technology company's stock after selling 75,157 shares during the quarter. Franklin Resources Inc. owned about 1.10% of SS&C Technologies worth $206,263,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Wellington Management Group LLP raised its holdings in shares of SS&C Technologies by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 3,193 shares of the technology company's stock worth $242,000 after buying an additional 161 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of SS&C Technologies by 5.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 10,632 shares of the technology company's stock valued at $806,000 after acquiring an additional 552 shares during the period. Schroder Investment Management Group raised its stake in SS&C Technologies by 2.2% in the 4th quarter. Schroder Investment Management Group now owns 136,981 shares of the technology company's stock worth $10,380,000 after acquiring an additional 2,996 shares during the last quarter. Allstate Corp acquired a new stake in SS&C Technologies during the 4th quarter worth about $504,000. Finally, Pictet Asset Management Holding SA grew its stake in SS&C Technologies by 1.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 149,231 shares of the technology company's stock valued at $11,309,000 after purchasing an additional 2,687 shares during the last quarter. 96.95% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SSNC shares. Needham & Company LLC lifted their target price on SS&C Technologies from $90.00 to $105.00 and gave the stock a "buy" rating in a report on Friday, February 7th. UBS Group lifted their price objective on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Jefferies Financial Group upgraded shares of SS&C Technologies from a "hold" rating to a "buy" rating and increased their price objective for the stock from $70.00 to $94.00 in a research note on Monday, February 3rd. StockNews.com upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research 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 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 data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $97.50.

SS&C Technologies Stock Performance

NASDAQ SSNC traded down $3.44 during mid-day trading on Thursday, reaching $79.98. 1,447,958 shares of the stock were exchanged, compared to its average volume of 1,219,854. The company has a market capitalization of $19.71 billion, a P/E ratio of 26.66 and a beta of 1.36. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The business's 50 day moving average is $84.38 and its 200-day moving average is $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 announced its quarterly 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 return on equity of 18.30% and a net margin of 12.93%. On average, equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

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

Insider Buying and Selling

In other SS&C Technologies news, SVP Jason Douglas White sold 71,000 shares of the business'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 sale, the senior vice president now directly owns 6,412 shares in the company, valued at approximately $570,411.52. The trade was a 91.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at approximately $2,050,648. This trade represents a 49.78 % decrease in their position. The disclosure for this sale can be found here. 15.40% of the stock is owned by insiders.

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.