SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc reduced its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 3.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,837 shares of the technology company's stock after selling 3,627 shares during the period. Marks Group Wealth Management Inc's holdings in SS&C Technologies were worth $8,399,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SSNC. Summit Trail Advisors LLC raised its stake in SS&C Technologies by 18.7% in the fourth quarter. Summit Trail Advisors LLC now owns 8,870 shares of the technology company's stock valued at $672,000 after buying an additional 1,396 shares in the last quarter. Savant Capital LLC increased its position in shares of SS&C Technologies by 2.3% during the fourth quarter. Savant Capital LLC now owns 31,822 shares of the technology company's stock worth $2,411,000 after purchasing an additional 707 shares in the last quarter. Kestra Private Wealth Services LLC increased its position in shares of SS&C Technologies by 43.4% during the fourth quarter. Kestra Private Wealth Services LLC now owns 12,352 shares of the technology company's stock worth $936,000 after purchasing an additional 3,738 shares in the last quarter. Empowered Funds LLC increased its position in shares of SS&C Technologies by 2,569.3% during the fourth quarter. Empowered Funds LLC now owns 108,054 shares of the technology company's stock worth $8,188,000 after purchasing an additional 104,006 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB increased its position in shares of SS&C Technologies by 1.2% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 31,730 shares of the technology company's stock worth $2,404,000 after purchasing an additional 383 shares in the last quarter. 96.95% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Stock Performance

SSNC traded up $0.08 during trading on Friday, reaching $88.66. The company's stock had a trading volume of 1,020,886 shares, compared to its average volume of 1,293,155. SS&C Technologies Holdings, Inc. has a 52-week low of $59.63 and a 52-week high of $89.25. The company's fifty day moving average price is $78.82 and its 200-day moving average price is $75.60. The company has a market capitalization of $21.96 billion, a price-to-earnings ratio of 29.55 and a beta of 1.38. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced 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%. On average, equities analysts forecast that SS&C Technologies Holdings, Inc. will post 5.26 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Monday, December 2nd. SS&C Technologies's dividend payout ratio is presently 33.33%.

Insider Buying and Selling at SS&C Technologies

In other news, SVP Jason Douglas White sold 69,000 shares of the business's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the sale, the senior vice president now owns 6,412 shares of the company's stock, valued at $494,172.84. The trade was a 91.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William C. Stone sold 132,700 shares of the business's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $76.85, for a total value of $10,197,995.00. Following the sale, the chief executive officer now directly 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 449,000 shares of company stock valued at $34,461,478. 15.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SSNC. 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 research report on Friday, February 7th. Royal Bank of Canada lifted their target price on SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. DA Davidson lifted their target price on SS&C Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Jefferies Financial Group raised SS&C Technologies from a "hold" rating to a "buy" rating and raised their price target for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. Finally, StockNews.com raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday, February 10th. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, SS&C Technologies presently has an average rating of "Buy" and a consensus target price of $93.71.

SS&C Technologies 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.