SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P decreased its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 27.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,847 shares of the technology company's stock after selling 17,642 shares during the period. Martingale Asset Management L P's holdings in SS&C Technologies were worth $3,402,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of SSNC. Alkeon Capital Management LLC raised its holdings in shares of SS&C Technologies by 9.4% in the third quarter. Alkeon Capital Management LLC now owns 2,316,252 shares of the technology company's stock worth $171,889,000 after buying an additional 198,111 shares during the period. Hantz Financial Services Inc. boosted its position in SS&C Technologies by 2.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 106,695 shares of the technology company's stock valued at $7,918,000 after buying an additional 2,235 shares during the period. Fiduciary Trust Co bought a new position in SS&C Technologies in the third quarter worth approximately $254,000. Townsquare Capital LLC purchased a new position in SS&C Technologies during the 3rd quarter worth $253,000. Finally, BNP Paribas Financial Markets raised its position in SS&C Technologies by 79.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 126,667 shares of the technology company's stock valued at $9,400,000 after purchasing an additional 56,011 shares in the last quarter. 96.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

SSNC has been the subject of several research reports. StockNews.com cut shares of SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 15th. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 target price on shares of SS&C Technologies in a research note on Friday, October 25th. Raymond James upped their price target on shares of SS&C Technologies from $79.00 to $85.00 and gave the company a "strong-buy" rating in a research note on Friday, October 25th. Royal Bank of Canada lifted their price objective 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. Finally, DA Davidson reiterated a "buy" rating and set a $92.00 price target on shares of SS&C Technologies in a research note on Thursday, October 10th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $77.75.

Insider Buying and Selling at SS&C Technologies

In related news, SVP Jason Douglas White sold 69,000 shares of the business's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the transaction, the senior vice president now directly owns 6,412 shares in the company, valued at approximately $494,172.84. The trade was a 91.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Normand A. Boulanger sold 130,000 shares of the stock in a transaction dated 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 sale, the director now owns 333,576 shares of the company's stock, valued at approximately $25,144,958.88. The trade was a 28.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 218,000 shares of company stock valued at $16,560,660 over the last quarter. 15.40% of the stock is currently owned by insiders.

SS&C Technologies Stock Performance

NASDAQ SSNC traded down $0.02 during mid-day trading on Friday, reaching $77.34. 571,965 shares of the stock were exchanged, compared to its average volume of 1,091,018. The company has a market capitalization of $19.16 billion, a P/E ratio of 27.72 and a beta of 1.39. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The business's 50 day moving average is $74.26 and its 200-day moving average is $69.82. SS&C Technologies Holdings, Inc. has a 1 year low of $55.63 and a 1 year high of $77.69.

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

SS&C Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 1.29%. SS&C Technologies's dividend payout ratio (DPR) is currently 35.84%.

SS&C Technologies Company Profile

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.