Geneva Capital Management LLC Sells 10,839 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Geneva Capital Management LLC lowered its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 11.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 84,109 shares of the technology company's stock after selling 10,839 shares during the quarter. Geneva Capital Management LLC's holdings in SS&C Technologies were worth $6,374,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SSNC. International Assets Investment Management LLC boosted its stake in shares of SS&C Technologies by 7,320.0% during the 3rd quarter. International Assets Investment Management LLC now owns 2,226 shares of the technology company's stock worth $165,000 after buying an additional 2,196 shares during the last quarter. US Bancorp DE raised its holdings in SS&C Technologies by 1.9% during the third quarter. US Bancorp DE now owns 17,160 shares of the technology company's stock worth $1,273,000 after acquiring an additional 318 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in SS&C Technologies by 0.4% during the third quarter. Janney Montgomery Scott LLC now owns 46,282 shares of the technology company's stock valued at $3,435,000 after purchasing an additional 196 shares during the last quarter. National Pension Service boosted its position in SS&C Technologies by 5.4% during the third quarter. National Pension Service now owns 530,166 shares of the technology company's stock valued at $39,344,000 after purchasing an additional 27,336 shares during the last quarter. Finally, QRG Capital Management Inc. grew its stake in SS&C Technologies by 533.3% in the third quarter. QRG Capital Management Inc. now owns 50,946 shares of the technology company's stock valued at $3,781,000 after purchasing an additional 42,901 shares in the last quarter. 96.95% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

SSNC has been the subject of several recent analyst reports. Needham & Company LLC increased their price objective on SS&C Technologies from $90.00 to $105.00 and gave the company a "buy" rating in a report on Friday, February 7th. Jefferies Financial Group raised shares of SS&C Technologies from a "hold" rating to a "buy" rating and upped their price target for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. 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 report on Monday, February 3rd. Raymond James upped their target price 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. Finally, DA Davidson lifted their price target 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 analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, SS&C Technologies currently has an average rating of "Buy" and a consensus target price of $97.50.

Insider Activity

In related news, CEO William C. Stone sold 132,700 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $76.85, for a total transaction of $10,197,995.00. Following the sale, the chief executive officer now owns 31,837,926 shares in the company, valued at approximately $2,446,744,613.10. This trade represents a 0.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael Jay Zamkow sold 23,000 shares of the business'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 transaction of $2,032,970.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 226,700 shares of company stock worth $18,547,125. 15.40% of the stock is currently owned by company insiders.

SS&C Technologies Stock Performance

Shares of SS&C Technologies stock traded down $2.98 during trading on Monday, reaching $82.88. The company's stock had a trading volume of 2,247,661 shares, compared to its average volume of 1,481,630. SS&C Technologies Holdings, Inc. has a 52 week low of $59.63 and a 52 week high of $89.73. The firm has a market cap of $20.43 billion, a PE ratio of 27.63 and a beta of 1.36. The business's 50-day moving average price is $82.37 and its 200-day moving average price is $77.39. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. Equities analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 1.21%. SS&C Technologies's dividend payout ratio is presently 33.33%.

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.