SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Legal & General Group Plc

Legal & General Group Plc reduced its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 19.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,097,492 shares of the technology company's stock after selling 266,976 shares during the period. Legal & General Group Plc owned 0.44% of SS&C Technologies worth $83,168,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. StockNews.com upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note 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 report on Monday, February 3rd. Raymond James boosted their target price on SS&C Technologies from $85.00 to $95.00 and gave the stock a "strong-buy" rating in a report on Friday, February 7th. Royal Bank of Canada raised their target price on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Finally, DA Davidson cut their price target on SS&C Technologies from $102.00 to $100.00 and set a "buy" rating for the company in a report on Friday, April 11th. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $97.17.

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Insider Activity

In related news, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction dated 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 owns 6,412 shares in the company, valued at approximately $570,411.52. This trade represents a 91.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies stock in a transaction 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 sale, the director now directly 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 disclosure for this sale can be found here. Insiders own 16.40% of the company's stock.

SS&C Technologies Price Performance

SSNC traded up $0.68 during trading on Thursday, hitting $76.76. The company's stock had a trading volume of 241,495 shares, compared to its average volume of 1,241,710. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The business's fifty day simple moving average is $83.02 and its 200 day simple moving average is $78.46. The firm has a market capitalization of $18.91 billion, a price-to-earnings ratio of 25.52 and a beta of 1.31. SS&C Technologies Holdings, Inc. has a twelve month low of $60.01 and a twelve month 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 EPS 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 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 issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Monday, March 3rd. SS&C Technologies's payout ratio is currently 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.