SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) SVP Sells $6,316,160.00 in Stock

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Get Free Report) SVP Jason Douglas White sold 71,000 shares of SS&C Technologies 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Jason Douglas White also recently made the following trade(s):

• On Tuesday, November 26th, Jason Douglas White sold 69,000 shares of SS&C Technologies stock. The stock was sold at an average price of $77.07, for a total transaction of $5,317,830.00.

SS&C Technologies Stock Performance

SSNC stock traded down $0.53 on Friday, hitting $88.60. The company's stock had a trading volume of 2,166,520 shares, compared to its average volume of 1,437,951. The firm has a 50 day moving average of $80.04 and a two-hundred day moving average of $76.20. SS&C Technologies Holdings, Inc. has a 1 year low of $59.63 and a 1 year high of $89.50. The stock has a market cap of $21.94 billion, a price-to-earnings ratio of 29.53 and a beta of 1.38. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings results 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%. Equities analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.25 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 1.13%. SS&C Technologies's dividend payout ratio is currently 33.33%.

Hedge Funds Weigh In On SS&C Technologies

Institutional investors have recently bought and sold shares of the company. Kestra Investment Management LLC acquired a new position in SS&C Technologies in the 4th quarter valued at $39,000. Parkside Financial Bank & Trust increased its stake in SS&C Technologies by 76.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock valued at $40,000 after buying an additional 229 shares during the period. Colonial Trust Co SC increased its stake in SS&C Technologies by 239.3% in the 4th quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock valued at $42,000 after buying an additional 390 shares during the period. True Wealth Design LLC increased its stake in SS&C Technologies by 163.6% in the 4th quarter. True Wealth Design LLC now owns 551 shares of the technology company's stock valued at $42,000 after buying an additional 342 shares during the period. Finally, Financial Perspectives Inc acquired a new position in shares of SS&C Technologies during the 4th quarter worth $51,000. 96.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. UBS Group lifted their price target on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Needham & Company LLC lifted their price target on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Raymond James boosted their price objective on shares of SS&C Technologies from $85.00 to $95.00 and gave the stock a "strong-buy" rating in a research report on Friday, February 7th. StockNews.com upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Monday, February 10th. Finally, Jefferies Financial Group upgraded shares of SS&C Technologies from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $97.50.

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.