Mitchell Capital Management Co. Reduces Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Mitchell Capital Management Co. lowered its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 7.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,445 shares of the technology company's stock after selling 5,186 shares during the quarter. Mitchell Capital Management Co.'s holdings in SS&C Technologies were worth $4,808,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SSNC. Janus Henderson Group PLC lifted its stake in SS&C Technologies by 5.4% in the 3rd quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company's stock worth $1,191,774,000 after purchasing an additional 817,501 shares in the last quarter. KBC Group NV lifted its position in shares of SS&C Technologies by 403.0% in the fourth quarter. KBC Group NV now owns 839,536 shares of the technology company's stock worth $63,620,000 after buying an additional 672,641 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in SS&C Technologies by 250.9% during the third quarter. Point72 Asset Management L.P. now owns 593,700 shares of the technology company's stock valued at $44,058,000 after buying an additional 424,487 shares during the last quarter. Two Sigma Advisers LP grew its holdings in SS&C Technologies by 433.9% during the 3rd quarter. Two Sigma Advisers LP now owns 415,400 shares of the technology company's stock valued at $30,827,000 after buying an additional 337,600 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in SS&C Technologies by 44.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 897,198 shares of the technology company's stock worth $66,581,000 after acquiring an additional 275,186 shares during the last quarter. Institutional investors own 96.95% of the company's stock.

Remove Ads

Insider Buying and Selling

In other SS&C Technologies news, SVP Jason Douglas White sold 71,000 shares of the company's stock in a transaction on 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 $570,411.52. This represents a 91.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William C. Stone sold 132,700 shares of SS&C Technologies stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $76.85, for a total value of $10,197,995.00. Following the completion of the transaction, the chief executive officer now owns 31,837,926 shares in the company, valued at $2,446,744,613.10. This represents a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 474,000 shares of company stock valued at $37,492,778 over the last quarter. 15.40% of the stock is owned by corporate insiders.

SS&C Technologies Trading Up 0.8 %

Shares of SSNC traded up $0.68 during mid-day trading on Wednesday, reaching $86.97. 893,806 shares of the company's stock traded hands, compared to its average volume of 1,433,995. SS&C Technologies Holdings, Inc. has a 12 month low of $59.63 and a 12 month high of $89.73. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market cap of $21.54 billion, a P/E ratio of 28.99 and a beta of 1.38. The stock's 50-day moving average is $81.82 and its two-hundred day moving average is $77.12.

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

SS&C Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors 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 dividend on an annualized basis and a dividend yield of 1.15%. SS&C Technologies's payout ratio is 33.33%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. DA Davidson raised their target price on shares of SS&C Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a report on Monday, February 10th. Jefferies Financial Group upgraded shares of SS&C Technologies from a "hold" rating to a "buy" rating and upped their target price for the company from $70.00 to $94.00 in a research report on Monday, February 3rd. Raymond James lifted their price target on SS&C Technologies from $85.00 to $95.00 and gave the stock a "strong-buy" rating in a research report on Friday, February 7th. StockNews.com upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Monday, February 10th. Finally, Royal Bank of Canada raised their price objective on 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 investment 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 target price of $97.50.

About SS&C Technologies

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.