SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Stock Position Cut by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 24.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 376,904 shares of the technology company's stock after selling 119,406 shares during the period. JPMorgan Chase & Co. owned 0.15% of SS&C Technologies worth $28,562,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of SSNC. Kestra Investment Management LLC acquired a new position in SS&C Technologies in the fourth quarter valued at $39,000. Parkside Financial Bank & Trust boosted its position in shares of 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 during the last quarter. Financial Perspectives Inc acquired a new stake in shares of SS&C Technologies in the fourth quarter worth approximately $51,000. Rialto Wealth Management LLC purchased a new stake in SS&C Technologies in the fourth quarter valued at approximately $64,000. Finally, CENTRAL TRUST Co acquired a new position in SS&C Technologies during the fourth quarter worth approximately $65,000. Hedge funds and other institutional investors own 96.95% of the company's stock.

Insider Buying and Selling

In related 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 transaction of $2,032,970.00. Following the completion of the transaction, the director now owns 23,200 shares in the company, valued at $2,050,648. The trade was a 49.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was 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 directly owns 6,412 shares in the company, valued at $570,411.52. This represents a 91.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 15.40% of the company's stock.

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Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SSNC. Needham & Company LLC lifted their target price 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 SS&C Technologies from a "hold" rating to a "buy" rating and lifted their price objective for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. StockNews.com raised shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Monday, February 10th. UBS Group lifted their price target 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. Finally, Royal Bank of Canada raised their target price on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, SS&C Technologies currently has a consensus rating of "Buy" and an average target price of $97.17.

SS&C Technologies Stock Up 1.5 %

Shares of SS&C Technologies stock traded up $1.09 during trading hours on Friday, hitting $76.07. 1,754,417 shares of the company's stock traded hands, compared to its average volume of 1,241,776. SS&C Technologies Holdings, Inc. has a twelve month low of $59.63 and a twelve month high of $89.73. The company has a market cap of $18.74 billion, a PE ratio of 25.36 and a beta of 1.31. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The stock has a 50 day simple moving average of $83.42 and a 200-day simple moving average of $78.46.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, beating 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%. Equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.31%. SS&C Technologies's payout ratio is 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.