SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Vinva Investment Management Ltd

Vinva Investment Management Ltd reduced its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 54.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,939 shares of the technology company's stock after selling 30,730 shares during the period. Vinva Investment Management Ltd's holdings in SS&C Technologies were worth $1,917,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new stake in SS&C Technologies in the 2nd quarter valued at $26,000. Ashton Thomas Private Wealth LLC acquired a new stake in SS&C Technologies in the 2nd quarter valued at $35,000. Benjamin Edwards Inc. grew its stake in shares of SS&C Technologies by 43.3% during the second quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company's stock valued at $42,000 after acquiring an additional 204 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of SS&C Technologies by 6,300.0% during the second quarter. Versant Capital Management Inc now owns 704 shares of the technology company's stock valued at $44,000 after acquiring an additional 693 shares in the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of SS&C Technologies during the second quarter valued at about $47,000. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other SS&C Technologies news, SVP Jason Douglas White sold 69,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total value of $5,317,830.00. Following the sale, the senior vice president now owns 6,412 shares in the company, valued at approximately $494,172.84. This trade represents a 91.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Normand A. Boulanger sold 130,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director now owns 333,576 shares in the company, valued at $25,144,958.88. The trade was a 28.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 218,000 shares of company stock valued at $16,560,660 over the last quarter. Insiders own 15.40% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on SSNC shares. DA Davidson restated a "buy" rating and set a $92.00 target price on shares of SS&C Technologies in a research note on Thursday, October 10th. Needham & Company LLC restated a "buy" rating and set a $90.00 target price on shares of SS&C Technologies in a research note on Friday, October 25th. Raymond James raised their target price on SS&C Technologies from $79.00 to $85.00 and gave the company a "strong-buy" rating in a research note on Friday, October 25th. StockNews.com downgraded SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 15th. Finally, Royal Bank of Canada raised 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. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $77.75.

SS&C Technologies Stock Performance

NASDAQ SSNC traded down $0.02 during trading hours on Friday, reaching $77.34. The company's stock had a trading volume of 571,965 shares, compared to its average volume of 1,091,018. 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 business has a 50-day simple moving average of $74.26 and a 200 day simple moving average of $69.82. SS&C Technologies Holdings, Inc. has a 52 week low of $55.63 and a 52 week high of $77.69. The stock has a market cap of $19.16 billion, a PE ratio of 27.72 and a beta of 1.39.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.26 by $0.03. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.33%. The firm had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter last year, the company posted $1.04 earnings per share. SS&C Technologies's revenue was up 7.3% on a year-over-year basis. Equities research analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a $0.25 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.29%. SS&C Technologies's dividend payout ratio is currently 35.84%.

SS&C Technologies 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.