SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Swiss National Bank

Swiss National Bank lowered its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 623,900 shares of the technology company's stock after selling 36,800 shares during the quarter. Swiss National Bank owned 0.25% of SS&C Technologies worth $47,279,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SSNC. Kestra Investment Management LLC purchased a new stake in SS&C Technologies during the fourth quarter worth $39,000. Parkside Financial Bank & Trust raised its holdings in shares of SS&C Technologies by 76.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock valued at $40,000 after acquiring an additional 229 shares during the last quarter. Financial Perspectives Inc acquired a new position in shares of SS&C Technologies during the fourth quarter valued at approximately $51,000. Rialto Wealth Management LLC acquired a new position in shares of SS&C Technologies during the fourth quarter valued at approximately $64,000. Finally, CENTRAL TRUST Co acquired a new position in shares of SS&C Technologies during the fourth quarter valued at approximately $65,000. Institutional investors and hedge funds own 96.95% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on SSNC. Raymond James increased their target price on SS&C Technologies from $85.00 to $95.00 and gave the company a "strong-buy" rating in a report on Friday, February 7th. StockNews.com raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday, February 10th. DA Davidson upped their price target on SS&C Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Needham & Company LLC upped their price target 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, UBS Group upped their price target on SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a research report 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, the company has a consensus rating of "Buy" and an average target price of $97.50.

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SS&C Technologies Trading Down 0.6 %

SS&C Technologies stock traded down $0.51 during mid-day trading on Thursday, hitting $82.34. The company's stock had a trading volume of 1,278,932 shares, compared to its average volume of 1,161,191. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The stock's fifty day moving average is $83.33 and its two-hundred day moving average is $77.79. SS&C Technologies Holdings, Inc. has a 1 year low of $59.63 and a 1 year high of $89.73. The firm has a market capitalization of $20.30 billion, a PE ratio of 27.45 and a beta of 1.36.

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, topping analysts' consensus estimates of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. On average, analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Dividend Announcement

The company 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 yield of 1.21%. The ex-dividend date was Monday, March 3rd. SS&C Technologies's dividend payout ratio (DPR) is 33.33%.

Insiders Place Their Bets

In other news, Director Michael Jay Zamkow sold 23,000 shares of the 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 in the company, valued at approximately $2,050,648. This trade represents a 49.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jason Douglas White sold 71,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total value of $6,316,160.00. Following the completion of the sale, the senior vice president now owns 6,412 shares in the company, valued at approximately $570,411.52. The trade was a 91.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.40% of the stock is owned by insiders.

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.