Rhumbline Advisers Has $21.22 Million Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Rhumbline Advisers cut its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 280,009 shares of the technology company's stock after selling 4,093 shares during the quarter. Rhumbline Advisers owned approximately 0.11% of SS&C Technologies worth $21,219,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of SSNC. CENTRAL TRUST Co acquired a new position in SS&C Technologies during the fourth quarter worth $65,000. Global X Japan Co. Ltd. boosted its holdings in SS&C Technologies by 193.3% during the fourth quarter. Global X Japan Co. Ltd. now owns 871 shares of the technology company's stock valued at $66,000 after acquiring an additional 574 shares during the period. Capital Performance Advisors LLP bought a new stake in SS&C Technologies during the third quarter valued at about $68,000. Versant Capital Management Inc boosted its holdings in SS&C Technologies by 32.5% during the fourth quarter. Versant Capital Management Inc now owns 949 shares of the technology company's stock valued at $72,000 after acquiring an additional 233 shares during the period. Finally, Brooklyn Investment Group bought a new stake in SS&C Technologies during the third quarter valued at about $73,000. 96.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SSNC has been the subject of a number of recent analyst reports. Raymond James upped their price target on shares of SS&C Technologies from $85.00 to $95.00 and gave the company a "strong-buy" rating in a report on Friday, February 7th. DA Davidson upped their price target 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. Royal Bank of Canada upped their price target on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a report on Friday, February 7th. StockNews.com upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday, February 10th. Finally, UBS Group increased their target price on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, SS&C Technologies currently has an average rating of "Buy" and a consensus target price of $97.50.

SS&C Technologies Stock Performance

Shares of NASDAQ SSNC traded down $0.53 during mid-day trading on Friday, hitting $88.60. The company had a trading volume of 2,166,520 shares, compared to its average volume of 1,437,951. The firm has a market cap of $21.94 billion, a P/E ratio of 29.53 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. SS&C Technologies Holdings, Inc. has a 12 month low of $59.63 and a 12 month high of $89.50. The business's 50-day simple moving average is $79.81 and its 200-day simple moving average is $76.06.

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

SS&C Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend is Monday, March 3rd. SS&C Technologies's dividend payout ratio is 33.33%.

Insiders Place Their Bets

In other news, CEO William C. Stone sold 132,700 shares of the firm's stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $76.85, for a total transaction of $10,197,995.00. Following the completion of the sale, the chief executive officer now owns 31,837,926 shares of the company's stock, valued at approximately $2,446,744,613.10. This trade represents a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Jason Douglas White sold 69,000 shares of the firm'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 directly owns 6,412 shares of the company's stock, valued at approximately $494,172.84. The trade was a 91.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 520,000 shares of company stock worth $40,777,638 over the last quarter. Company insiders own 15.40% of the company's stock.

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.