SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Position Lowered by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. reduced its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 248,953 shares of the technology company’s stock after selling 767 shares during the quarter. Cookson Peirce & Co. Inc. owned approximately 0.10% of SS&C Technologies worth $18,866,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kestra Investment Management LLC bought a new stake in shares of SS&C Technologies in the 4th quarter valued at approximately $39,000. Parkside Financial Bank & Trust boosted its holdings in SS&C Technologies by 76.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock worth $40,000 after purchasing an additional 229 shares during the period. Financial Perspectives Inc bought a new stake in SS&C Technologies during the fourth quarter valued at $51,000. CENTRAL TRUST Co acquired a new stake in shares of SS&C Technologies during the fourth quarter worth $65,000. Finally, Global X Japan Co. Ltd. lifted its position in shares of SS&C Technologies by 193.3% in the 4th quarter. Global X Japan Co. Ltd. now owns 871 shares of the technology company’s stock worth $66,000 after buying an additional 574 shares during the last quarter. Institutional investors and hedge funds own 96.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SSNC shares. Needham & Company LLC boosted their price objective on shares of SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, February 7th. UBS Group increased their price target on SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Raymond James raised their price target on SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a report on Friday, February 7th. Royal Bank of Canada upped their price objective on SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, StockNews.com upgraded SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $97.50.

Insiders Place Their Bets

In related news, CEO William C. Stone sold 132,700 shares of the firm’s 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 transaction, the chief executive officer now owns 31,837,926 shares in the company, valued at $2,446,744,613.10. This trade represents a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Jay Zamkow sold 23,000 shares of the company’s stock in a transaction that occurred 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 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. In the last three months, insiders have sold 474,000 shares of company stock worth $37,492,778. 15.40% of the stock is owned by corporate insiders.

SS&C Technologies Stock Performance

Shares of NASDAQ SSNC opened at $86.29 on Wednesday. SS&C Technologies Holdings, Inc. has a 12-month low of $59.63 and a 12-month high of $89.73. 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 company has a market cap of $21.37 billion, a PE ratio of 28.76 and a beta of 1.38. The stock has a 50 day simple moving average of $81.63 and a 200-day simple moving average of $77.03.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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 research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 1.16%. SS&C Technologies’s payout ratio is 33.33%.

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.