Franklin Resources Inc. Has $211.46 Million Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Franklin Resources Inc. decreased its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 23.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,797,029 shares of the technology company's stock after selling 835,960 shares during the quarter. Franklin Resources Inc. owned approximately 1.13% of SS&C Technologies worth $211,455,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its position in SS&C Technologies by 2.2% during the third quarter. State Street Corp now owns 5,624,174 shares of the technology company's stock worth $417,370,000 after acquiring an additional 121,223 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of SS&C Technologies by 2,178.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 104,797 shares of the technology company's stock valued at $6,568,000 after acquiring an additional 100,197 shares during the period. National Pension Service raised its stake in shares of SS&C Technologies by 5.4% in the 3rd quarter. National Pension Service now owns 530,166 shares of the technology company's stock valued at $39,344,000 after acquiring an additional 27,336 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in SS&C Technologies during the 2nd quarter worth approximately $1,661,000. Finally, Point72 DIFC Ltd purchased a new stake in SS&C Technologies during the 3rd quarter worth approximately $2,219,000. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other SS&C Technologies news, CEO William C. Stone sold 132,700 shares of SS&C Technologies stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $76.85, for a total value of $10,197,995.00. Following the transaction, the chief executive officer now owns 31,837,926 shares in the company, valued at $2,446,744,613.10. This trade represents a 0.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Normand A. Boulanger sold 130,000 shares of SS&C Technologies stock in a transaction on Monday, September 16th. The shares were sold at an average price of $75.38, for a total transaction of $9,799,400.00. Following the completion of the transaction, the director now owns 333,576 shares in the company, valued at approximately $25,144,958.88. This trade represents a 28.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 598,000 shares of company stock worth $45,704,308. 15.40% of the stock is owned by insiders.

SS&C Technologies Price Performance

SS&C Technologies stock traded down $0.23 during mid-day trading on Friday, reaching $76.67. The company had a trading volume of 779,522 shares, compared to its average volume of 1,204,980. SS&C Technologies Holdings, Inc. has a 1 year low of $58.79 and a 1 year high of $77.69. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market capitalization of $18.99 billion, a P/E ratio of 27.48 and a beta of 1.38. The stock's 50-day simple moving average is $74.76 and its 200-day simple moving average is $70.91.

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

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.30%. SS&C Technologies's dividend payout ratio (DPR) is currently 35.84%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Raymond James boosted their target price on shares of 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. 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 reiterated a "buy" rating and set a $90.00 target price on shares of SS&C Technologies in a research note on Friday, October 25th. DA Davidson reiterated a "buy" rating and set a $92.00 target price on shares of SS&C Technologies in a research note on Thursday, October 10th. Finally, Royal Bank of Canada boosted their target price 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. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $77.75.

About SS&C Technologies

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.