Public Employees Retirement System of Ohio Cuts Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Public Employees Retirement System of Ohio reduced its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 5.7% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 133,219 shares of the technology company's stock after selling 7,994 shares during the period. Public Employees Retirement System of Ohio owned about 0.05% of SS&C Technologies worth $9,886,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of SSNC. Janney Montgomery Scott LLC grew its stake in shares of SS&C Technologies by 0.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 46,282 shares of the technology company's stock worth $3,435,000 after acquiring an additional 196 shares in the last quarter. Tectonic Advisors LLC boosted its holdings in SS&C Technologies by 2.9% during the third quarter. Tectonic Advisors LLC now owns 7,064 shares of the technology company's stock worth $524,000 after purchasing an additional 198 shares during the last quarter. Summit Trail Advisors LLC grew its position in SS&C Technologies by 2.9% in the 2nd quarter. Summit Trail Advisors LLC now owns 7,112 shares of the technology company's stock worth $446,000 after purchasing an additional 203 shares in the last quarter. Benjamin Edwards Inc. increased its stake in SS&C Technologies by 43.3% in the 2nd quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company's stock valued at $42,000 after buying an additional 204 shares during the last quarter. Finally, Wedge Capital Management L L P NC increased its stake in SS&C Technologies by 0.4% in the 3rd quarter. Wedge Capital Management L L P NC now owns 51,497 shares of the technology company's stock valued at $3,822,000 after buying an additional 206 shares during the last quarter. Institutional investors own 96.95% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on SSNC. Raymond James upped their target price on SS&C Technologies from $79.00 to $85.00 and gave the company a "strong-buy" rating in a report on Friday, October 25th. StockNews.com downgraded SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 15th. Royal Bank of Canada lifted their target price on SS&C Technologies from $75.00 to $86.00 and gave the stock an "outperform" rating in a research note on Thursday, September 19th. Needham & Company LLC reissued a "buy" rating and issued a $90.00 price target on shares of SS&C Technologies in a report on Friday, October 25th. Finally, DA Davidson restated a "buy" rating and set a $92.00 price objective on shares of SS&C Technologies in a report on Thursday, October 10th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, SS&C Technologies has an average rating of "Moderate Buy" and an average price target of $77.75.

SS&C Technologies Stock Performance

Shares of SSNC traded down $0.35 during trading hours on Thursday, hitting $76.90. The company's stock had a trading volume of 1,326,423 shares, compared to its average volume of 1,094,267. The company has a market cap of $19.05 billion, a price-to-earnings ratio of 27.53 and a beta of 1.38. 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 business has a 50 day simple moving average of $74.64 and a two-hundred day simple moving average of $70.63. SS&C Technologies Holdings, Inc. has a 52-week low of $58.14 and a 52-week high of $77.69.

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

SS&C Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.25 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.30%. SS&C Technologies's dividend payout ratio is currently 35.84%.

Insider Buying and Selling at SS&C Technologies

In related news, CEO William C. Stone sold 247,300 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $76.61, for a total value of $18,945,653.00. Following the transaction, the chief executive officer now owns 31,837,926 shares of the company's stock, valued at $2,439,103,510.86. This represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Jay Zamkow sold 19,000 shares of SS&C Technologies stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $75.97, for a total value of $1,443,430.00. Following the sale, the director now directly owns 22,576 shares of the company's stock, valued at approximately $1,715,098.72. This trade represents a 45.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 598,000 shares of company stock valued at $45,704,308 in the last 90 days. Corporate insiders own 15.40% of the company's stock.

About SS&C Technologies

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.