Price T Rowe Associates Inc. MD Has $282.01 Million Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Price T Rowe Associates Inc. MD cut its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,721,367 shares of the technology company's stock after selling 59,807 shares during the quarter. Price T Rowe Associates Inc. MD owned about 1.50% of SS&C Technologies worth $282,006,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Kestra Investment Management LLC bought a new position in shares of SS&C Technologies in the 4th quarter valued at about $39,000. Parkside Financial Bank & Trust lifted its stake in SS&C Technologies by 76.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock valued at $40,000 after purchasing an additional 229 shares during the last quarter. Financial Perspectives Inc bought a new position in SS&C Technologies during the fourth quarter worth about $51,000. Rialto Wealth Management LLC acquired a new position in SS&C Technologies during the fourth quarter worth approximately $64,000. Finally, CENTRAL TRUST Co bought a new stake in SS&C Technologies in the fourth quarter valued at approximately $65,000. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Michael Jay Zamkow sold 23,000 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total value of $2,032,970.00. Following the sale, the director now directly owns 23,200 shares of the company's stock, valued at $2,050,648. This trade represents a 49.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Jason Douglas White sold 71,000 shares of the business's stock in a transaction dated 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 transaction, the senior vice president now directly owns 6,412 shares of the company's stock, valued at approximately $570,411.52. The trade was a 91.72 % decrease in their position. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by company insiders.

SS&C Technologies Stock Performance

Shares of SSNC stock traded up $1.53 on Tuesday, hitting $74.91. The company's stock had a trading volume of 2,206,657 shares, compared to its average volume of 1,273,457. SS&C Technologies Holdings, Inc. has a fifty-two week low of $60.01 and a fifty-two week high of $89.73. The company has a market capitalization of $18.46 billion, a PE ratio of 24.97 and a beta of 1.31. The stock's 50 day moving average is $80.93 and its 200-day moving average is $78.59. 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 earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.03. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. The business's revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.28 EPS. Equities research analysts expect 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. Investors of record on Monday, March 3rd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Monday, March 3rd. SS&C Technologies's dividend payout ratio (DPR) is presently 31.06%.

Analysts Set New Price Targets

Several research analysts have recently commented on SSNC shares. DA Davidson reduced their target price on SS&C Technologies from $100.00 to $94.00 and set a "buy" rating for the company in a research note on Monday. Raymond James decreased their price objective on shares of SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating on the stock in a report on Friday. Needham & Company LLC dropped their price objective on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday. UBS Group lifted their target price on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Finally, Jefferies Financial Group raised shares of SS&C Technologies from a "hold" rating to a "buy" rating and increased their price target for the company from $70.00 to $94.00 in a report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, SS&C Technologies presently has a consensus rating of "Buy" and an average price target of $91.86.

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.