California State Teachers Retirement System Has $32.94 Million Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

California State Teachers Retirement System cut its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 9.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 434,666 shares of the technology company's stock after selling 44,115 shares during the period. California State Teachers Retirement System owned approximately 0.18% of SS&C Technologies worth $32,939,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kestra Investment Management LLC acquired a new stake in SS&C Technologies during the fourth quarter valued at approximately $39,000. Parkside Financial Bank & Trust lifted its stake in SS&C Technologies by 76.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock valued at $40,000 after purchasing an additional 229 shares during the last quarter. Colonial Trust Co SC lifted its stake in SS&C Technologies by 239.3% during the fourth quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock valued at $42,000 after purchasing an additional 390 shares during the last quarter. True Wealth Design LLC lifted its stake in SS&C Technologies by 163.6% during the fourth quarter. True Wealth Design LLC now owns 551 shares of the technology company's stock valued at $42,000 after purchasing an additional 342 shares during the last quarter. Finally, Financial Perspectives Inc acquired a new stake in SS&C Technologies during the fourth quarter valued at approximately $51,000. 96.95% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Stock Up 0.2%

Shares of SS&C Technologies stock traded up $0.13 during midday trading on Friday, reaching $80.74. 1,898,323 shares of the company's stock traded hands, compared to its average volume of 1,317,109. The company has a market cap of $19.92 billion, a price-to-earnings ratio of 26.91 and a beta of 1.24. The company's 50 day simple moving average is $78.00 and its 200 day simple moving average is $79.36. 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 Holdings, Inc. has a 52 week low of $60.18 and a 52 week high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.03. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the business posted $1.28 EPS. SS&C Technologies's revenue was up 5.5% compared to the same quarter last year. Equities 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 announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.25 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.24%. SS&C Technologies's payout ratio is presently 31.06%.

Insider Activity at SS&C Technologies

In related news, Director Jonathan E. Michael purchased 2,700 shares of the firm's stock in a transaction on Thursday, May 1st. The shares were bought at an average cost of $75.53 per share, for a total transaction of $203,931.00. Following the transaction, the director now directly owns 72,776 shares of the company's stock, valued at approximately $5,496,771.28. This trade represents a 3.85% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael Jay Zamkow sold 12,500 shares of the firm's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $79.92, for a total transaction of $999,000.00. Following the completion of the sale, the director now owns 12,476 shares in the company, valued at $997,081.92. This represents a 50.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SSNC has been the subject of several recent research reports. Needham & Company LLC cut their target price on shares of 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. Wall Street Zen upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. Raymond James reduced their price target on shares of SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating for the company in a research report on Friday, April 25th. UBS Group upped their price target on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada increased their target price on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. One analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $91.86.

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.