Ethic Inc. Sells 5,580 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Ethic Inc. cut its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 20.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,445 shares of the technology company's stock after selling 5,580 shares during the period. Ethic Inc.'s holdings in SS&C Technologies were worth $1,625,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pallas Capital Advisors LLC grew its holdings in shares of SS&C Technologies by 51.7% during the fourth quarter. Pallas Capital Advisors LLC now owns 7,476 shares of the technology company's stock worth $567,000 after purchasing an additional 2,548 shares in the last quarter. Benson Investment Management Company Inc. purchased a new position in shares of SS&C Technologies during the fourth quarter worth about $5,578,000. Park Avenue Securities LLC grew its holdings in shares of SS&C Technologies by 385.8% during the fourth quarter. Park Avenue Securities LLC now owns 19,382 shares of the technology company's stock worth $1,469,000 after purchasing an additional 15,392 shares in the last quarter. Meyer Handelman Co. grew its holdings in shares of SS&C Technologies by 13.0% during the fourth quarter. Meyer Handelman Co. now owns 74,680 shares of the technology company's stock worth $5,659,000 after purchasing an additional 8,588 shares in the last quarter. Finally, Burney Co. boosted its stake in SS&C Technologies by 5.6% in the fourth quarter. Burney Co. now owns 197,059 shares of the technology company's stock worth $14,933,000 after buying an additional 10,374 shares in the last quarter. 96.95% of the stock is currently owned by institutional investors.

SS&C Technologies Trading Up 0.1%

Shares of NASDAQ:SSNC traded up $0.09 during trading on Friday, reaching $79.60. 1,558,481 shares of the company traded hands, compared to its average volume of 1,309,577. The firm has a market capitalization of $19.63 billion, a price-to-earnings ratio of 26.53 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a 52-week low of $60.01 and a 52-week 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 business's fifty day moving average is $78.40 and its 200-day moving average is $78.97.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The technology company reported $1.44 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.03. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. The business's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.28 earnings per share. As a group, analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

Analyst Ratings Changes

Several analysts have issued reports on SSNC shares. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $86.00 target price (down previously from $90.00) on shares of SS&C Technologies in a research note on Friday, April 25th. UBS Group upped their target price on SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. Needham & Company LLC cut their target price on SS&C Technologies from $105.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, April 25th. StockNews.com raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday. Finally, Jefferies Financial Group raised SS&C Technologies from a "hold" rating to a "buy" rating and upped their target price for the stock from $70.00 to $94.00 in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $91.86.

Insider Activity

In related news, 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 transaction of $2,032,970.00. Following the completion of the transaction, the director now 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total value of $6,316,160.00. Following the transaction, the senior vice president now owns 6,412 shares of the company's stock, valued at approximately $570,411.52. This represents a 91.72% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 106,500 shares of company stock valued at $9,348,130. 16.40% of the stock is currently owned by company insiders.

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.