SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Empowered Funds LLC

Empowered Funds LLC reduced its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 96.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,048 shares of the technology company's stock after selling 108,621 shares during the quarter. Empowered Funds LLC's holdings in SS&C Technologies were worth $300,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in SSNC. Meiji Yasuda Life Insurance Co lifted its holdings in shares of SS&C Technologies by 17.4% during the 1st quarter. Meiji Yasuda Life Insurance Co now owns 11,865 shares of the technology company's stock worth $764,000 after acquiring an additional 1,760 shares during the period. California State Teachers Retirement System raised its stake in SS&C Technologies by 5.3% during the first quarter. California State Teachers Retirement System now owns 433,572 shares of the technology company's stock worth $27,909,000 after purchasing an additional 21,641 shares during the period. Tidal Investments LLC boosted its holdings in shares of SS&C Technologies by 28.5% in the 1st quarter. Tidal Investments LLC now owns 22,975 shares of the technology company's stock valued at $1,479,000 after purchasing an additional 5,100 shares during the last quarter. Comerica Bank grew its stake in shares of SS&C Technologies by 24.0% during the 1st quarter. Comerica Bank now owns 50,531 shares of the technology company's stock valued at $3,253,000 after buying an additional 9,764 shares during the period. Finally, Plato Investment Management Ltd acquired a new stake in shares of SS&C Technologies during the 1st quarter worth $1,115,000. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Normand A. Boulanger sold 130,000 shares of the business's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $75.38, for a total value of $9,799,400.00. Following the completion of the sale, the director now owns 333,576 shares of the company's stock, valued at approximately $25,144,958.88. The trade was a 28.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Jay Zamkow sold 19,000 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $75.97, for a total transaction of $1,443,430.00. Following the transaction, the director now directly owns 22,576 shares in the company, valued at $1,715,098.72. The trade was a 45.70 % decrease in their position. The disclosure for this sale can be found here. 15.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SSNC. 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 boosted their target price on SS&C Technologies from $79.00 to $85.00 and gave the stock a "strong-buy" rating in a report on Friday, October 25th. Royal Bank of Canada raised their price target on shares of SS&C Technologies from $75.00 to $86.00 and gave the company an "outperform" rating in a report on Thursday, September 19th. Needham & Company LLC reiterated a "buy" rating and set a $90.00 price objective on shares of SS&C Technologies in a research note on Friday, October 25th. Finally, DA Davidson reissued a "buy" rating and issued a $92.00 target price on shares of SS&C Technologies in a research note on Thursday, October 10th. Two research 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 company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $77.75.

SS&C Technologies Stock Up 0.3 %

Shares of NASDAQ SSNC traded up $0.23 during trading on Tuesday, reaching $77.10. 1,453,409 shares of the stock were exchanged, compared to its average volume of 1,093,950. The business's 50-day moving average price is $74.13 and its 200 day moving average price is $69.52. The company has a market capitalization of $19.10 billion, a price-to-earnings ratio of 27.63 and a beta of 1.39. SS&C Technologies Holdings, Inc. has a twelve month low of $55.45 and a twelve month high of $77.50. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The technology company reported $1.29 earnings per share 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 analysts' expectations of $1.44 billion. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.33%. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.04 EPS. As a group, equities analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend 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 (DPR) is presently 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.