SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC decreased its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 13.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 98,259 shares of the technology company's stock after selling 14,888 shares during the quarter. ProShare Advisors LLC's holdings in SS&C Technologies were worth $7,446,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in SS&C Technologies by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 20,215,026 shares of the technology company's stock valued at $1,531,895,000 after buying an additional 239,438 shares during the period. Janus Henderson Group PLC increased its holdings in shares of SS&C Technologies by 3.4% in the 4th quarter. Janus Henderson Group PLC now owns 16,598,958 shares of the technology company's stock valued at $1,257,869,000 after acquiring an additional 539,483 shares during the period. Boston Partners increased its holdings in shares of SS&C Technologies by 283.1% in the 4th quarter. Boston Partners now owns 5,279,386 shares of the technology company's stock valued at $400,161,000 after acquiring an additional 3,901,227 shares during the period. Cantillon Capital Management LLC raised its position in shares of SS&C Technologies by 0.6% in the 4th quarter. Cantillon Capital Management LLC now owns 4,533,081 shares of the technology company's stock worth $343,517,000 after acquiring an additional 25,895 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of SS&C Technologies by 8.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,158,478 shares of the technology company's stock worth $239,353,000 after purchasing an additional 258,554 shares during the last quarter. Institutional investors own 96.95% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Royal Bank of Canada lifted their target price on SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Jefferies Financial Group raised shares of SS&C Technologies from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. DA Davidson decreased 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 report on Monday, April 28th. Raymond James lowered 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. Finally, Wall Street Zen raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. One 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 company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $91.86.

SS&C Technologies Stock Performance

Shares of SS&C Technologies stock traded up $0.37 during midday trading on Thursday, hitting $78.90. The company had a trading volume of 906,736 shares, compared to its average volume of 1,313,123. The company has a fifty day simple moving average of $78.32 and a 200 day simple moving average of $79.04. The stock has a market cap of $19.46 billion, a price-to-earnings ratio of 26.30 and a beta of 1.24. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a 12-month low of $60.01 and a 12-month high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $1.50 billion. During the same quarter last year, the company posted $1.28 earnings per share. The business's quarterly revenue was up 5.5% on a year-over-year basis. As a group, analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Michael Jay Zamkow sold 12,500 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $79.92, for a total value of $999,000.00. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan E. Michael purchased 2,700 shares of SS&C Technologies stock in a transaction on Thursday, May 1st. The shares were acquired at an average cost of $75.53 per share, with a total value of $203,931.00. Following the completion of the transaction, the director now directly owns 72,776 shares in the company, valued at $5,496,771.28. The trade was a 3.85% increase in their position. The disclosure for this purchase can be found here. 16.40% of the stock is currently owned by company insiders.

SS&C Technologies 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.