Blair William & Co. IL Sells 3,658 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Blair William & Co. IL trimmed its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 10.8% during the fourth quarter, Holdings Channel reports. The fund owned 30,144 shares of the technology company’s stock after selling 3,658 shares during the quarter. Blair William & Co. IL’s holdings in SS&C Technologies were worth $2,284,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of SSNC. Kestra Investment Management LLC bought a new stake in SS&C Technologies in the 4th quarter valued at $39,000. Parkside Financial Bank & Trust boosted its stake 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 in the last quarter. Financial Perspectives Inc bought a new stake in SS&C Technologies during the 4th quarter worth about $51,000. Rialto Wealth Management LLC bought a new stake in shares of SS&C Technologies during the fourth quarter valued at approximately $64,000. Finally, CENTRAL TRUST Co acquired a new stake in shares of SS&C Technologies in the 4th quarter valued at $65,000. Institutional investors own 96.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SSNC. DA Davidson increased their price target on SS&C Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Needham & Company LLC boosted 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 report on Friday, February 7th. Raymond James raised their target price 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. StockNews.com upgraded SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Finally, UBS Group lifted their target price on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $97.50.

Insider Transactions at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 23,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the sale, the director now directly owns 23,200 shares in the company, valued at $2,050,648. This represents a 49.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jason Douglas White sold 71,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the completion of the sale, the senior vice president now 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 disclosure for this sale can be found here. 15.40% of the stock is owned by corporate insiders.

SS&C Technologies Stock Down 0.6 %

SSNC stock opened at $83.00 on Wednesday. The stock’s 50 day simple moving average is $84.30 and its 200 day simple moving average is $78.42. SS&C Technologies Holdings, Inc. has a fifty-two week low of $59.63 and a fifty-two week high of $89.73. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market cap of $20.46 billion, a P/E ratio of 27.67 and a beta of 1.36.

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

SS&C Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given 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 1.20%. SS&C Technologies’s dividend payout ratio is presently 33.33%.

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.