SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) CEO Sells $10,197,995.00 in Stock

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) CEO William C. Stone sold 132,700 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $76.85, for a total value of $10,197,995.00. Following the transaction, the chief executive officer now owns 31,837,926 shares in the company, valued at $2,446,744,613.10. This represents a 0.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

SS&C Technologies Price Performance

NASDAQ SSNC traded up $0.33 during mid-day trading on Wednesday, hitting $77.25. The stock had a trading volume of 1,486,018 shares, compared to its average volume of 1,089,825. The company has a 50 day simple moving average of $74.57 and a 200 day simple moving average of $70.58. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The company has a market cap of $19.13 billion, a price-to-earnings ratio of 27.57 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a 52-week low of $57.53 and a 52-week high of $77.69.

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

SS&C Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.29%. SS&C Technologies’s dividend payout ratio is currently 35.84%.

Institutional Trading of SS&C Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SSNC. SkyView Investment Advisors LLC boosted its stake in shares of SS&C Technologies by 2.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company’s stock worth $475,000 after purchasing an additional 137 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in SS&C Technologies by 0.4% during the third quarter. Janney Montgomery Scott LLC now owns 46,282 shares of the technology company’s stock worth $3,435,000 after acquiring an additional 196 shares during the last quarter. Tectonic Advisors LLC grew its stake in SS&C Technologies by 2.9% in the 3rd quarter. Tectonic Advisors LLC now owns 7,064 shares of the technology company’s stock worth $524,000 after acquiring an additional 198 shares during the period. Summit Trail Advisors LLC raised its holdings in SS&C Technologies by 2.9% in the 2nd quarter. Summit Trail Advisors LLC now owns 7,112 shares of the technology company’s stock valued at $446,000 after acquiring an additional 203 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its stake in shares of SS&C Technologies by 43.3% during the 2nd quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company’s stock worth $42,000 after purchasing an additional 204 shares during the period. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Royal Bank of Canada increased their price objective on SS&C Technologies from $75.00 to $86.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. Raymond James increased their price target on SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price objective on shares of SS&C Technologies in a research note on Friday, October 25th. DA Davidson restated a “buy” rating and issued a $92.00 target price on shares of SS&C Technologies in a research note on Thursday, October 10th. Finally, StockNews.com lowered shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, SS&C Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $77.75.

About SS&C Technologies

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.