Natixis Decreases Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Natixis reduced its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 94.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,123 shares of the technology company's stock after selling 18,800 shares during the period. Natixis' holdings in SS&C Technologies were worth $85,000 at the end of the most recent reporting period.

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

SS&C Technologies Stock Performance

SSNC traded up $1.53 on Tuesday, reaching $74.91. 2,206,657 shares of the stock were exchanged, compared to its average volume of 1,273,457. The company's 50-day moving average price is $80.93 and its 200 day moving average price is $78.59. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market capitalization of $18.46 billion, a PE ratio of 24.97 and a beta of 1.31. SS&C Technologies Holdings, Inc. has a fifty-two week low of $60.01 and a fifty-two week high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its earnings results on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.03. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the firm earned $1.28 earnings per share. SS&C Technologies's revenue for the quarter was up 5.5% on a year-over-year basis. As a group, sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors 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 annualized dividend and a dividend yield of 1.33%. SS&C Technologies's dividend payout ratio (DPR) is presently 31.06%.

Insider Activity at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the completion of the transaction, the director now directly owns 23,200 shares of the company's stock, valued at $2,050,648. The trade was a 49.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 6,412 shares of the company's stock, valued at $570,411.52. The trade was a 91.72 % decrease in their position. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $86.00 price objective (down previously from $90.00) on shares of SS&C Technologies in a research report on Friday. UBS Group upped their price target on SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. StockNews.com lowered SS&C Technologies from a "strong-buy" rating to a "buy" rating in a report on Friday. 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 note on Monday, February 3rd. Finally, Royal Bank of Canada increased their price target on SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $91.86.

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.