Zurcher Kantonalbank Zurich Cantonalbank Sells 22,788 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Zurcher Kantonalbank Zurich Cantonalbank reduced its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 33.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,609 shares of the technology company's stock after selling 22,788 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in SS&C Technologies were worth $3,385,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Innealta Capital LLC purchased a new position in SS&C Technologies during the second quarter valued at approximately $26,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of SS&C Technologies in the second quarter worth $35,000. Benjamin Edwards Inc. grew its stake in SS&C Technologies by 43.3% in the second quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company's stock valued at $42,000 after purchasing an additional 204 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in shares of SS&C Technologies in the 2nd quarter valued at approximately $47,000. Finally, Capital Performance Advisors LLP acquired a new position in SS&C Technologies during the third quarter valued at approximately $68,000. Hedge funds and other institutional investors own 96.95% of the company's stock.

SS&C Technologies Trading Up 0.1 %

NASDAQ:SSNC traded up $0.04 during trading hours on Wednesday, hitting $76.74. 287,734 shares of the stock were exchanged, compared to its average volume of 1,086,200. The company's 50 day moving average is $74.33 and its two-hundred day moving average is $70.10. The company has a market capitalization of $19.01 billion, a P/E ratio of 27.49 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a twelve month low of $56.10 and a twelve month high of $77.69. 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 released its earnings results on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.03. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.33%. The business's quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.04 EPS. On average, sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.30%. The ex-dividend date is Monday, December 2nd. SS&C Technologies's payout ratio is 35.84%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on SSNC shares. Raymond James boosted their target price on shares of SS&C Technologies from $79.00 to $85.00 and gave the stock a "strong-buy" rating in a research report on Friday, October 25th. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price objective on shares of SS&C Technologies in a research report on Friday, October 25th. DA Davidson reissued a "buy" rating and set a $92.00 target price on shares of SS&C Technologies in a research report on Thursday, October 10th. Royal Bank of Canada upped their target price on SS&C Technologies from $75.00 to $86.00 and gave the company an "outperform" rating in a research note on Thursday, September 19th. Finally, StockNews.com cut shares of SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $77.75.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, Director Normand A. Boulanger sold 130,000 shares of the company's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $75.38, for a total transaction of $9,799,400.00. Following the sale, the director now directly owns 333,576 shares of the company's stock, valued at approximately $25,144,958.88. This represents a 28.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael Jay Zamkow sold 19,000 shares of SS&C Technologies stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $75.97, for a total transaction of $1,443,430.00. Following the completion of the transaction, the director now directly owns 22,576 shares of the company's stock, valued at approximately $1,715,098.72. This trade represents a 45.70 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 218,000 shares of company stock valued at $16,560,660 in the last ninety days. 15.40% of the stock is currently owned by corporate insiders.

SS&C Technologies Company 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.