Sequoia Financial Advisors LLC Sells 508,230 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Sequoia Financial Advisors LLC decreased its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 99.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,403 shares of the technology company's stock after selling 508,230 shares during the period. Sequoia Financial Advisors LLC's holdings in SS&C Technologies were worth $258,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of SSNC. Toronto Dominion Bank increased its stake in 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 increased its stake in SS&C Technologies by 82.0% in the fourth quarter. Truist Financial Corp now owns 19,078 shares of the technology company's stock valued at $1,446,000 after purchasing an additional 8,598 shares in the last quarter. State Street Corp increased its stake in SS&C Technologies by 2.2% in the third quarter. State Street Corp now owns 5,624,174 shares of the technology company's stock valued at $417,370,000 after purchasing an additional 121,223 shares in the last quarter. ZWJ Investment Counsel Inc. increased its stake in 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 in the last quarter. Finally, Benson Investment Management Company Inc. bought a new stake in shares of SS&C Technologies during the fourth quarter worth about $5,578,000. Institutional investors and hedge funds own 96.95% of the company's stock.

Remove Ads

Analyst Ratings Changes

A number of research firms recently weighed in on SSNC. DA Davidson upped their target price on shares of SS&C Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Jefferies Financial Group upgraded shares of SS&C Technologies from a "hold" rating to a "buy" rating and upped their target price for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. Raymond James upped 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. StockNews.com upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday, February 10th. Finally, Needham & Company LLC upped their target price on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $97.50.

Insider Activity

In related 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 value 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 approximately $2,050,648. This trade represents a 49.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 approximately $570,411.52. This trade represents 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 Up 0.0 %

NASDAQ:SSNC traded up $0.01 on Friday, hitting $82.35. The stock had a trading volume of 3,080,527 shares, compared to its average volume of 1,171,732. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market cap of $20.30 billion, a P/E ratio of 27.45 and a beta of 1.36. SS&C Technologies Holdings, Inc. has a 1 year low of $59.63 and a 1 year high of $89.73. The firm's fifty day simple moving average is $83.61 and its two-hundred day simple moving average is $77.90.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, beating 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%. Analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Monday, March 3rd. SS&C Technologies's dividend payout ratio is currently 33.33%.

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.