SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by USS Investment Management Ltd

USS Investment Management Ltd lessened its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 20.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 55,429 shares of the technology company's stock after selling 14,131 shares during the period. USS Investment Management Ltd's holdings in SS&C Technologies were worth $4,201,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC bought a new position in shares of SS&C Technologies in the fourth quarter valued at approximately $39,000. Parkside Financial Bank & Trust lifted its holdings in 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 acquiring an additional 229 shares during the period. True Wealth Design LLC raised its stake 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 valued at $42,000 after buying an additional 342 shares during the period. Colonial Trust Co SC raised its stake 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 valued at $42,000 after buying an additional 390 shares during the period. Finally, Financial Perspectives Inc bought a new stake in shares of SS&C Technologies in the fourth quarter valued at $51,000. Institutional investors and hedge funds own 96.95% of the company's stock.

SS&C Technologies Price Performance

Shares of SSNC stock traded down $0.06 on Wednesday, reaching $80.88. The company's stock had a trading volume of 151,075 shares, compared to its average volume of 1,310,544. The stock's fifty day simple moving average is $78.13 and its 200-day simple moving average is $79.27. SS&C Technologies Holdings, Inc. has a 1 year low of $60.01 and a 1 year high of $89.73. 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 company has a market capitalization of $19.95 billion, a price-to-earnings ratio of 26.96 and a beta of 1.24.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.50 billion. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. SS&C Technologies's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.28 earnings per share. Analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.24%. SS&C Technologies's dividend payout ratio is presently 31.06%.

Wall Street Analysts Forecast Growth

SSNC has been the subject of several recent research reports. Needham & Company LLC reduced their price target on SS&C Technologies from $105.00 to $90.00 and set a "buy" rating for the company 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 note on Friday, May 16th. Jefferies Financial Group raised shares of SS&C Technologies from a "hold" rating to a "buy" rating and boosted their price target for the stock from $70.00 to $94.00 in a research note on Monday, February 3rd. Raymond James decreased their price objective on shares of SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating on the stock in a research report on Friday, April 25th. Finally, UBS Group boosted their price objective 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. One research analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $91.86.

Insider Activity

In other SS&C Technologies 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 approximately $997,081.92. This represents a 50.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jonathan E. Michael acquired 2,700 shares of the 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 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.

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.