Brant Point Investment Management LLC Sells 20,000 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Brant Point Investment Management LLC lowered its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 25.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 60,000 shares of the technology company's stock after selling 20,000 shares during the quarter. Brant Point Investment Management LLC's holdings in SS&C Technologies were worth $4,547,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Boston Partners lifted its position in SS&C Technologies by 283.1% during the 4th quarter. Boston Partners now owns 5,279,386 shares of the technology company's stock valued at $400,161,000 after purchasing an additional 3,901,227 shares during the period. Norges Bank bought a new position in SS&C Technologies in the fourth quarter valued at approximately $205,475,000. KBC Group NV raised its position in shares of SS&C Technologies by 403.0% during the 4th quarter. KBC Group NV now owns 839,536 shares of the technology company's stock valued at $63,620,000 after acquiring an additional 672,641 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of SS&C Technologies in the 4th quarter valued at $49,179,000. Finally, Russell Investments Group Ltd. grew its stake in shares of SS&C Technologies by 94.4% during the fourth quarter. Russell Investments Group Ltd. now owns 720,364 shares of the technology company's stock worth $54,589,000 after purchasing an additional 349,820 shares during the period. 96.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. StockNews.com upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Monday, February 10th. UBS Group boosted their price target 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. Royal Bank of Canada increased their price target on SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Needham & Company LLC boosted their price objective on SS&C Technologies from $90.00 to $105.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Finally, Jefferies Financial Group raised shares of SS&C Technologies from a "hold" rating to a "buy" rating and lifted their price target for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, SS&C Technologies presently has an average rating of "Buy" and a consensus price target of $97.17.

SS&C Technologies Stock Up 2.6 %

SSNC traded up $1.94 on Tuesday, hitting $75.49. 1,195,113 shares of the company were exchanged, compared to its average volume of 1,250,152. The company has a market cap of $18.60 billion, a PE ratio of 25.16 and a beta of 1.31. SS&C Technologies Holdings, Inc. has a 12 month low of $60.01 and a 12 month high of $89.73. The stock's fifty day moving average is $82.31 and its 200-day moving average is $78.56. 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 announced its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, beating 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%. Equities research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.25 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.32%. SS&C Technologies's dividend payout ratio (DPR) is 33.33%.

Insider Buying and Selling at SS&C Technologies

In other SS&C Technologies news, SVP Jason Douglas White sold 71,000 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total value of $6,316,160.00. Following the transaction, the senior vice president now directly owns 6,412 shares of the company's stock, valued at $570,411.52. This represents a 91.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total value of $2,032,970.00. Following the sale, the director now directly owns 23,200 shares of the company's stock, valued at $2,050,648. This represents a 49.78 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 16.40% 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.