National Pension Service Cuts Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

National Pension Service trimmed its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 7.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 488,093 shares of the technology company’s stock after selling 42,073 shares during the period. National Pension Service’s holdings in SS&C Technologies were worth $36,988,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SSNC. Kestra Investment Management LLC purchased a new stake in SS&C Technologies during the fourth quarter valued at about $39,000. Financial Perspectives Inc purchased a new stake in SS&C Technologies during the fourth quarter valued at about $51,000. CENTRAL TRUST Co bought a new position in shares of SS&C Technologies during the fourth quarter valued at about $65,000. Global X Japan Co. Ltd. raised its stake in shares of SS&C Technologies by 193.3% during the fourth quarter. Global X Japan Co. Ltd. now owns 871 shares of the technology company’s stock valued at $66,000 after acquiring an additional 574 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of SS&C Technologies during the third quarter valued at about $68,000. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO William C. Stone sold 132,700 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $76.85, for a total transaction of $10,197,995.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael Jay Zamkow sold 23,000 shares of the stock in a transaction that occurred on 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 sale, the director now owns 23,200 shares in the company, valued at approximately $2,050,648. The trade was a 49.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 474,000 shares of company stock worth $37,492,778 over the last 90 days. 15.40% of the stock is currently owned by insiders.

SS&C Technologies Price Performance

Shares of NASDAQ SSNC opened at $89.05 on Friday. SS&C Technologies Holdings, Inc. has a fifty-two week low of $59.63 and a fifty-two week high of $89.50. The company has a 50 day simple moving average of $81.11 and a two-hundred day simple moving average of $76.71. The company has a market capitalization of $22.06 billion, a price-to-earnings ratio of 29.68 and a beta of 1.38. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.09. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. Analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Monday, March 3rd. SS&C Technologies’s payout ratio is 33.33%.

Analyst Ratings Changes

Several brokerages have recently commented on SSNC. Raymond James upped their price objective on shares of SS&C Technologies from $85.00 to $95.00 and gave the company a “strong-buy” rating in a research note on Friday, February 7th. Royal Bank of Canada increased their price target on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Jefferies Financial Group raised shares of SS&C Technologies from a “hold” rating to a “buy” rating and increased their price target for the stock from $70.00 to $94.00 in a research note on Monday, February 3rd. UBS Group increased 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. Finally, Needham & Company LLC increased 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. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, SS&C Technologies presently has a consensus rating of “Buy” and an average 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.