Two Sigma Advisers LP Sells 146,800 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Two Sigma Advisers LP decreased its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 35.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 268,600 shares of the technology company's stock after selling 146,800 shares during the quarter. Two Sigma Advisers LP owned about 0.11% of SS&C Technologies worth $20,355,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC acquired a new position in shares of SS&C Technologies in the 4th quarter valued at about $39,000. Parkside Financial Bank & Trust lifted its stake in shares of SS&C Technologies by 76.1% in the 4th 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 period. True Wealth Design LLC lifted its stake in shares of SS&C Technologies by 163.6% in the 4th 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 period. Colonial Trust Co SC lifted its stake in shares of SS&C Technologies by 239.3% in the 4th 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 period. Finally, Financial Perspectives Inc acquired a new position in shares of SS&C Technologies in the 4th quarter valued at about $51,000. Institutional investors own 96.95% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SSNC. Jefferies Financial Group raised SS&C Technologies from a "hold" rating to a "buy" rating and boosted their price objective for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. Royal Bank of Canada boosted their price objective 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. Needham & Company LLC dropped their price target on SS&C Technologies from $105.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. 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 note on Friday, April 25th. Finally, UBS Group upped their price target 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. One analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $91.86.

SS&C Technologies Stock Up 1.1%

SSNC stock traded up $0.89 during trading on Friday, reaching $79.79. 1,135,292 shares of the stock were exchanged, compared to its average volume of 1,315,040. 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 firm's 50 day moving average is $78.22 and its 200 day moving average is $79.15. The firm has a market cap of $19.68 billion, a P/E ratio of 26.60 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a twelve month low of $60.01 and a twelve month high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, topping 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 company's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.28 EPS. As a group, research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Monday, June 2nd. SS&C Technologies's dividend payout ratio is currently 31.06%.

Insiders Place Their Bets

In other 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 value of $2,032,970.00. Following the completion of the transaction, the director now directly owns 23,200 shares of the company's stock, valued at $2,050,648. This represents a 49.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jonathan E. Michael bought 2,700 shares of SS&C Technologies stock in a transaction dated Thursday, May 1st. The stock was acquired at an average cost of $75.53 per share, with a total value of $203,931.00. Following the completion of the acquisition, the director now owns 72,776 shares of the company's stock, valued at $5,496,771.28. This represents 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.