SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio cut its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 4.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 127,850 shares of the technology company's stock after selling 5,369 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.05% of SS&C Technologies worth $9,688,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in SSNC. Kestra Investment Management LLC purchased a new position in SS&C Technologies during the 4th quarter valued at about $39,000. Parkside Financial Bank & Trust boosted its stake in SS&C Technologies by 76.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock worth $40,000 after buying an additional 229 shares during the last quarter. Colonial Trust Co SC increased its position 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 worth $42,000 after purchasing an additional 390 shares during the last quarter. True Wealth Design LLC raised 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 worth $42,000 after purchasing an additional 342 shares during the period. Finally, Financial Perspectives Inc acquired a new position in shares of SS&C Technologies in the 4th quarter valued at $51,000. 96.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at SS&C Technologies

In other SS&C Technologies news, Director Jonathan E. Michael purchased 2,700 shares of SS&C Technologies stock in a transaction on Thursday, May 1st. The stock was bought at an average price of $75.53 per share, for a total transaction of $203,931.00. Following the transaction, the director now owns 72,776 shares of the company's stock, valued at $5,496,771.28. The trade was a 3.85% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael Jay Zamkow sold 12,500 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $79.92, for a total value of $999,000.00. Following the transaction, the director now directly owns 12,476 shares in the company, valued at $997,081.92. This trade 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 insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. 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 report on Friday, February 7th. Jefferies Financial Group raised shares of SS&C Technologies from a "hold" rating to a "buy" rating and increased their target price for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $86.00 price target (down from $90.00) on shares of SS&C Technologies in a research report on Friday, April 25th. Wall Street Zen raised shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. Finally, UBS Group raised their target price on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $91.86.

SS&C Technologies Stock Up 0.2%

NASDAQ SSNC traded up $0.20 on Friday, reaching $80.81. The company had a trading volume of 1,830,554 shares, compared to its average volume of 1,316,109. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. SS&C Technologies Holdings, Inc. has a 1 year low of $60.01 and a 1 year high of $89.73. The firm has a 50-day moving average of $78.05 and a 200-day moving average of $79.32. The firm has a market capitalization of $19.93 billion, a PE ratio of 26.94 and a beta of 1.24.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings results 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. 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 during the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the business earned $1.28 EPS. The business's revenue was up 5.5% on a year-over-year basis. On average, equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders 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 dividend yield of 1.24%. SS&C Technologies's dividend payout ratio (DPR) is presently 31.06%.

About SS&C Technologies

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.