Prudential Financial Inc. Sells 10,612 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Prudential Financial Inc. reduced its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 49.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,696 shares of the technology company's stock after selling 10,612 shares during the quarter. Prudential Financial Inc.'s holdings in SS&C Technologies were worth $811,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SSNC. Toronto Dominion Bank lifted its holdings in shares of SS&C Technologies by 26.4% in the third quarter. Toronto Dominion Bank now owns 32,136 shares of the technology company's stock valued at $2,385,000 after purchasing an additional 6,721 shares in the last quarter. Truist Financial Corp lifted its stake in SS&C Technologies by 82.0% in the 4th quarter. Truist Financial Corp now owns 19,078 shares of the technology company's stock valued at $1,446,000 after acquiring an additional 8,598 shares in the last quarter. State Street Corp boosted its position in SS&C Technologies by 2.2% during the 3rd quarter. State Street Corp now owns 5,624,174 shares of the technology company's stock worth $417,370,000 after acquiring an additional 121,223 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its stake in shares of SS&C Technologies by 993.0% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 355,286 shares of the technology company's stock worth $26,924,000 after acquiring an additional 322,781 shares in the last quarter. Finally, ZWJ Investment Counsel Inc. raised its holdings in shares of SS&C Technologies by 3.5% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 330,352 shares of the technology company's stock valued at $25,034,000 after purchasing an additional 11,077 shares during the last quarter. 96.95% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 23,000 shares of the firm's 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 transaction, the director now directly owns 23,200 shares of the company's stock, valued at approximately $2,050,648. This trade represents a 49.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies 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 completion of the sale, the senior vice president now 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 disclosure for this sale can be found here. Insiders own 15.40% of the company's stock.

SS&C Technologies Stock Performance

SSNC stock traded up $1.09 during midday trading on Friday, reaching $76.07. 1,754,417 shares of the company were exchanged, compared to its average volume of 1,244,104. SS&C Technologies Holdings, Inc. has a one year low of $59.63 and a one year high of $89.73. The firm has a market capitalization of $18.74 billion, a price-to-earnings ratio of 25.36 and a beta of 1.31. The business has a 50-day moving average price of $83.42 and a two-hundred day moving average price of $78.43. 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 announced its earnings results on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.32 by $0.09. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. Equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 1.31%. SS&C Technologies's dividend payout ratio (DPR) is presently 33.33%.

Analyst Ratings Changes

SSNC has been the subject of several recent research reports. Royal Bank of Canada increased their target price on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Jefferies Financial Group upgraded SS&C Technologies from a "hold" rating to a "buy" rating and raised their price objective for the company from $70.00 to $94.00 in a report on Monday, February 3rd. Raymond James upped their target price on SS&C Technologies from $85.00 to $95.00 and gave the stock a "strong-buy" rating in a report on Friday, February 7th. Needham & Company LLC raised their price target on SS&C Technologies from $90.00 to $105.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Finally, DA Davidson dropped their price objective on SS&C Technologies from $102.00 to $100.00 and set a "buy" rating on the stock in a research note on Friday. 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 an average rating of "Buy" and a consensus target price of $97.17.

SS&C Technologies Company 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.