Two Sigma Investments LP Trims Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Two Sigma Investments LP trimmed its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 41.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 576,377 shares of the technology company's stock after selling 412,131 shares during the quarter. Two Sigma Investments LP owned approximately 0.23% of SS&C Technologies worth $43,678,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kestra Investment Management LLC bought a new position in SS&C Technologies in the 4th quarter worth about $39,000. Parkside Financial Bank & Trust grew its holdings in shares of SS&C Technologies by 76.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock worth $40,000 after purchasing an additional 229 shares in the last quarter. True Wealth Design LLC increased its position in shares of SS&C Technologies by 163.6% in 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 last quarter. Colonial Trust Co SC increased its position in shares of SS&C Technologies by 239.3% in 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. Finally, Financial Perspectives Inc purchased a new stake in SS&C Technologies in the fourth quarter valued at approximately $51,000. 96.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other SS&C Technologies news, Director Michael Jay Zamkow sold 23,000 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the sale, the director now directly owns 23,200 shares in the company, valued at approximately $2,050,648. This trade represents a 49.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jonathan E. Michael bought 2,700 shares of SS&C Technologies stock in a transaction on 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 acquisition, the director now owns 72,776 shares in the company, valued at approximately $5,496,771.28. This represents a 3.85% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 16.40% of the company's stock.

SS&C Technologies Stock Performance

Shares of SSNC stock opened at $80.39 on Wednesday. The company has a market capitalization of $19.83 billion, a P/E ratio of 26.80 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a fifty-two week low of $60.01 and a fifty-two week high of $89.73. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a 50 day moving average price of $78.38 and a two-hundred day moving average price of $79.05.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its earnings results on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.41 by $0.03. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.28 earnings per share. Analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Raymond James cut their price objective on SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating for the company in a report on Friday, April 25th. UBS Group increased 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. StockNews.com raised shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. DA Davidson lowered their price objective on shares of SS&C Technologies from $100.00 to $94.00 and set a "buy" rating for the company in a report on Monday, April 28th. Finally, Needham & Company LLC reduced their target price on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, April 25th. One analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $91.86.

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.

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