USS Investment Management Ltd Sells 14,131 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

USS Investment Management Ltd lessened its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 20.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Boston Partners boosted its stake in shares of SS&C Technologies by 283.1% during the 4th quarter. Boston Partners now owns 5,279,386 shares of the technology company's stock worth $400,161,000 after buying an additional 3,901,227 shares during the last quarter. Norges Bank acquired a new position in shares of SS&C Technologies during the 4th quarter worth about $205,475,000. Bank of America Corp DE boosted its stake in shares of SS&C Technologies by 64.9% during the 4th quarter. Bank of America Corp DE now owns 2,235,142 shares of the technology company's stock worth $169,379,000 after buying an additional 880,058 shares during the last quarter. Senator Investment Group LP boosted its stake in shares of SS&C Technologies by 133.7% during the 4th quarter. Senator Investment Group LP now owns 1,519,175 shares of the technology company's stock worth $115,123,000 after buying an additional 869,175 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of SS&C Technologies by 52.4% during the 4th quarter. AQR Capital Management LLC now owns 2,270,232 shares of the technology company's stock worth $172,038,000 after buying an additional 780,616 shares during the last quarter. Institutional investors own 96.95% of the company's stock.

Insiders Place Their Bets

In related news, Director Jonathan E. Michael acquired 2,700 shares of the business's stock in a transaction on Thursday, May 1st. The stock was purchased at an average cost of $75.53 per share, for a total transaction of $203,931.00. Following the completion of the transaction, the director now directly owns 72,776 shares of the company's stock, valued at approximately $5,496,771.28. The trade was a 3.85% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Jay Zamkow sold 23,000 shares of the firm'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 transaction of $2,032,970.00. Following the sale, the director now owns 23,200 shares of the company's stock, valued at $2,050,648. This trade represents a 49.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 16.40% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented 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. UBS Group increased their price objective on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. 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. DA Davidson cut 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, Jefferies Financial Group upgraded shares of SS&C Technologies from a "hold" rating to a "buy" rating and raised their target price for the company from $70.00 to $94.00 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $91.86.

SS&C Technologies Trading Up 0.5%

Shares of NASDAQ:SSNC opened at $78.90 on Friday. SS&C Technologies Holdings, Inc. has a 52-week low of $60.01 and a 52-week high of $89.73. The company has a market capitalization of $19.46 billion, a P/E ratio of 26.30 and a beta of 1.24. The company has a 50-day simple moving average of $78.25 and a 200 day simple moving average of $79.10. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21.

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 (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.03. The firm had revenue of $1.51 billion during 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 business's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $1.28 earnings per share. Sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

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.

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