SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) is Heron Bay Capital Management's 6th Largest Position

Heron Bay Capital Management cut its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 8.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 256,284 shares of the technology company's stock after selling 24,142 shares during the period. SS&C Technologies makes up about 4.1% of Heron Bay Capital Management's investment portfolio, making the stock its 6th largest holding. Heron Bay Capital Management owned about 0.10% of SS&C Technologies worth $19,421,000 as of its most recent SEC filing.

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

Insider Activity at SS&C Technologies

In related news, SVP Jason Douglas White sold 71,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael Jay Zamkow sold 23,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the completion of the sale, the director now owns 23,200 shares of the company's stock, valued at approximately $2,050,648. The trade was a 49.78 % decrease in their position. The disclosure for this sale can be found here. 15.40% of the stock is owned by insiders.

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SS&C Technologies Trading Down 0.2 %

NASDAQ SSNC traded down $0.19 on Thursday, hitting $83.64. 902,436 shares of the company were exchanged, compared to its average volume of 1,166,888. SS&C Technologies Holdings, Inc. has a twelve month low of $59.63 and a twelve month high of $89.73. The company's 50 day moving average price is $84.08 and its 200-day moving average price is $78.15. The firm has a market capitalization of $20.62 billion, a P/E ratio of 27.88 and a beta of 1.36. 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 (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, beating 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%. 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 was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.25 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.20%. SS&C Technologies's dividend payout ratio is 33.33%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SSNC shares. Needham & Company LLC lifted their price target on SS&C Technologies from $90.00 to $105.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Jefferies Financial Group raised SS&C Technologies from a "hold" rating to a "buy" rating and lifted their target price for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. StockNews.com raised shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday, February 10th. DA Davidson lifted their price objective on shares of SS&C Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Finally, Raymond James boosted their target price on shares of SS&C Technologies from $85.00 to $95.00 and gave the stock a "strong-buy" rating in a report 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. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $97.50.

SS&C Technologies 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.