SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Barclays PLC

Barclays PLC reduced its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 40.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 154,990 shares of the technology company's stock after selling 106,770 shares during the period. Barclays PLC owned 0.06% of SS&C Technologies worth $11,745,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new position in shares of SS&C Technologies during the fourth quarter worth approximately $39,000. Parkside Financial Bank & Trust increased its stake in 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 purchasing an additional 229 shares during the period. Financial Perspectives Inc purchased a new stake in shares of SS&C Technologies in the fourth quarter valued at about $51,000. Rialto Wealth Management LLC acquired a new stake in shares of SS&C Technologies during the fourth quarter worth about $64,000. Finally, CENTRAL TRUST Co acquired a new position in SS&C Technologies in the 4th quarter valued at about $65,000. Hedge funds and other institutional investors own 96.95% of the company's stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SSNC. UBS Group boosted their target price on SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Needham & Company LLC raised their target price on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. StockNews.com upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Monday, February 10th. Jefferies Financial Group upgraded SS&C Technologies from a "hold" rating to a "buy" rating and boosted their target price for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. Finally, DA Davidson decreased their price target on SS&C Technologies from $102.00 to $100.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, SS&C Technologies presently has a consensus rating of "Buy" and an average target price of $97.17.

SS&C Technologies Stock Performance

SSNC opened at $73.55 on Tuesday. The stock's 50 day simple moving average is $82.31 and its 200 day simple moving average is $78.56. The stock has a market cap of $18.12 billion, a P/E ratio of 24.52 and a beta of 1.31. SS&C Technologies Holdings, Inc. has a 1-year low of $60.01 and a 1-year high of $89.73. 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, topping the consensus estimate of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. As a group, equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently announced 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 1.36%. The ex-dividend date was Monday, March 3rd. SS&C Technologies's payout ratio is currently 33.33%.

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.

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