Skylands Capital LLC Sells 12,100 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Skylands Capital LLC trimmed its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 14.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,125 shares of the technology company's stock after selling 12,100 shares during the quarter. Skylands Capital LLC's holdings in SS&C Technologies were worth $6,025,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SSNC. Atria Wealth Solutions Inc. bought a new stake in shares of SS&C Technologies in the 4th quarter worth approximately $200,000. IFP Advisors Inc grew its position in SS&C Technologies by 9.7% during the fourth quarter. IFP Advisors Inc now owns 2,412 shares of the technology company's stock valued at $183,000 after purchasing an additional 213 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in SS&C Technologies during the fourth quarter valued at approximately $7,634,000. QRG Capital Management Inc. grew its position in SS&C Technologies by 5.1% during the fourth quarter. QRG Capital Management Inc. now owns 53,566 shares of the technology company's stock valued at $4,059,000 after purchasing an additional 2,620 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted 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 valued at $40,000 after acquiring an additional 229 shares during the last quarter. 96.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Wall Street Zen upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. Raymond James Financial reduced their target price on shares of SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating for the company in a research note on Friday, April 25th. Needham & Company LLC reduced 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. DA Davidson reduced their target price on shares of SS&C Technologies from $100.00 to $94.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $86.00 target price (down from $90.00) on shares of SS&C Technologies in a research note on Friday, April 25th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, SS&C Technologies presently has an average rating of "Buy" and a consensus price target of $91.86.

SS&C Technologies Stock Performance

Shares of SS&C Technologies stock traded up $0.57 on Friday, reaching $81.84. The stock had a trading volume of 1,279,222 shares, compared to its average volume of 1,323,194. The business's 50-day moving average price is $78.97 and its two-hundred day moving average price is $80.03. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.11 and a current ratio of 1.11. SS&C Technologies Holdings, Inc. has a fifty-two week low of $61.13 and a fifty-two week high of $89.73. The stock has a market cap of $20.19 billion, a P/E ratio of 25.42 and a beta of 1.24.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The technology company reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.03. SS&C Technologies had a net margin of 13.69% and a return on equity of 18.68%. The business had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.50 billion. During the same period in the previous year, the company earned $1.28 earnings per share. SS&C Technologies's revenue for the quarter was up 5.5% on a year-over-year basis. On average, sell-side 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 was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.22%. The ex-dividend date was Monday, June 2nd. SS&C Technologies's payout ratio is currently 31.06%.

Insider Activity at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 12,500 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $79.92, for a total transaction of $999,000.00. Following the completion of the transaction, the director now directly owns 12,476 shares in the company, valued at $997,081.92. This represents a 50.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan E. Michael bought 2,700 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The shares were bought at an average price of $75.53 per share, with a total value of $203,931.00. Following the completion of the purchase, the director now owns 72,776 shares in the company, valued at approximately $5,496,771.28. The trade was a 3.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 16.40% of the company's stock.

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.