Rockefeller Capital Management L.P. Sells 11,716 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Rockefeller Capital Management L.P. trimmed its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 50.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,728 shares of the technology company's stock after selling 11,716 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in SS&C Technologies were worth $868,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SSNC. Cetera Advisors LLC acquired a new position in shares of SS&C Technologies in the first quarter valued at approximately $343,000. CWM LLC grew its holdings in SS&C Technologies by 130.1% in the 2nd quarter. CWM LLC now owns 7,792 shares of the technology company's stock valued at $488,000 after buying an additional 4,406 shares in the last quarter. Dynamic Advisor Solutions LLC increased its position in SS&C Technologies by 4.1% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 7,045 shares of the technology company's stock worth $442,000 after buying an additional 279 shares during the period. Meyer Handelman Co. bought a new stake in shares of SS&C Technologies in the second quarter valued at about $3,881,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of SS&C Technologies by 63.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,326 shares of the technology company's stock valued at $396,000 after acquiring an additional 2,453 shares in the last quarter. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. DA Davidson reiterated a "buy" rating and issued a $92.00 price objective on shares of SS&C Technologies in a research note on Thursday, October 10th. Royal Bank of Canada lifted their price target on shares of SS&C Technologies from $75.00 to $86.00 and gave the company an "outperform" rating in a research report on Thursday, September 19th. StockNews.com downgraded SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 15th. Raymond James lifted their price objective 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. Finally, Needham & Company LLC reissued a "buy" rating and set a $90.00 target price on shares of SS&C Technologies in a report on Friday, October 25th. Two equities research analysts have 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 MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $77.75.

Insider Buying and Selling at SS&C Technologies

In related news, SVP Jason Douglas White sold 69,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total value of $5,317,830.00. Following the completion of the transaction, the senior vice president now owns 6,412 shares in the company, valued at $494,172.84. This trade represents a 91.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Normand A. Boulanger sold 130,000 shares of SS&C Technologies stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $75.38, for a total transaction of $9,799,400.00. Following the sale, the director now owns 333,576 shares in the company, valued at approximately $25,144,958.88. This represents a 28.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 465,300 shares of company stock worth $35,506,313 over the last quarter. Corporate insiders own 15.40% of the company's stock.

SS&C Technologies Price Performance

Shares of SSNC stock traded down $0.66 during trading hours on Monday, reaching $75.46. The company's stock had a trading volume of 1,513,246 shares, compared to its average volume of 1,089,727. SS&C Technologies Holdings, Inc. has a fifty-two week low of $57.23 and a fifty-two week high of $77.69. The firm's 50 day simple moving average is $74.50 and its 200-day simple moving average is $70.47. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $18.69 billion, a price-to-earnings ratio of 27.05 and a beta of 1.38.

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

SS&C Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Monday, December 2nd. SS&C Technologies's payout ratio is 35.84%.

SS&C Technologies 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.