Tredje AP fonden Reduces Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Tredje AP fonden trimmed its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 50.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,402 shares of the technology company's stock after selling 17,402 shares during the quarter. Tredje AP fonden's holdings in SS&C Technologies were worth $1,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SSNC. Kestra Investment Management LLC purchased a new position in SS&C Technologies during the 4th quarter worth $39,000. Parkside Financial Bank & Trust grew its stake in SS&C Technologies by 76.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock valued at $40,000 after purchasing an additional 229 shares during the last quarter. Financial Perspectives Inc purchased a new stake in SS&C Technologies during the 4th quarter valued at about $51,000. Rialto Wealth Management LLC purchased a new stake in SS&C Technologies during the 4th quarter valued at about $64,000. Finally, CENTRAL TRUST Co purchased a new stake in SS&C Technologies during the 4th quarter valued at about $65,000. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on SSNC. Jefferies Financial Group upgraded SS&C Technologies from a "hold" rating to a "buy" rating and boosted their price target for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. UBS Group boosted their price target on SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. DA Davidson boosted their price objective on SS&C Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a report on Monday, February 10th. StockNews.com raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday, February 10th. Finally, Royal Bank of Canada boosted their price objective on SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $97.50.

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SS&C Technologies Price Performance

NASDAQ SSNC traded up $1.10 during trading hours on Wednesday, reaching $82.85. The company's stock had a trading volume of 1,110,354 shares, compared to its average volume of 1,159,398. The firm has a market capitalization of $20.42 billion, a price-to-earnings ratio of 27.62 and a beta of 1.36. 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 debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The company's 50-day moving average is $83.20 and its two-hundred day moving average is $77.75.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share 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, equities analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued 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 dividend yield of 1.21%. SS&C Technologies's payout ratio is currently 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 value of $6,316,160.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Jay Zamkow sold 23,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were 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 owns 23,200 shares of the company's stock, valued at $2,050,648. This trade represents a 49.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.