Thrivent Financial for Lutherans Cuts Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Thrivent Financial for Lutherans trimmed its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 7.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,442 shares of the technology company's stock after selling 4,784 shares during the period. Thrivent Financial for Lutherans' holdings in SS&C Technologies were worth $4,577,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SSNC. Toronto Dominion Bank raised its holdings in SS&C Technologies by 26.4% during the third quarter. Toronto Dominion Bank now owns 32,136 shares of the technology company's stock worth $2,385,000 after purchasing an additional 6,721 shares in the last quarter. Truist Financial Corp lifted its holdings in shares of 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 buying an additional 8,598 shares during the period. State Street Corp boosted its stake in shares of 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 buying an additional 121,223 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its position in SS&C Technologies by 993.0% in the fourth 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. lifted its holdings 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 acquiring an additional 11,077 shares during the period. Hedge funds and other institutional investors own 96.95% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Raymond James increased their price target on shares of SS&C Technologies from $85.00 to $95.00 and gave the company a "strong-buy" rating in a report on Friday, February 7th. DA Davidson upped their price target on SS&C Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Needham & Company LLC upped their target price on SS&C Technologies from $90.00 to $105.00 and gave the company a "buy" rating in a report on Friday, February 7th. Jefferies Financial Group raised SS&C Technologies from a "hold" rating to a "buy" rating and lifted their price target for the stock from $70.00 to $94.00 in a research note on Monday, February 3rd. Finally, UBS Group raised their target price on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a report on Monday, February 3rd. 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. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $97.50.

SS&C Technologies Price Performance

SS&C Technologies stock traded down $0.19 during midday trading on Thursday, reaching $83.64. 902,436 shares of the company were exchanged, compared to its average volume of 1,166,888. The firm's 50-day simple moving average is $84.08 and its 200-day simple moving average is $78.15. SS&C Technologies Holdings, Inc. has a 1 year low of $59.63 and a 1 year high of $89.73. The company has a market capitalization of $20.62 billion, a price-to-earnings ratio of 27.88 and a beta of 1.36. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. On average, analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Monday, March 3rd. SS&C Technologies's dividend payout ratio is presently 33.33%.

Insider Transactions at SS&C Technologies

In other news, SVP Jason Douglas White sold 71,000 shares of the stock in a transaction dated 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 directly owns 6,412 shares in the company, valued at $570,411.52. This represents a 91.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael Jay Zamkow sold 23,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the completion of the sale, the director now directly owns 23,200 shares in the company, valued at $2,050,648. This represents a 49.78 % 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 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.