SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. decreased its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,721,872 shares of the technology company's stock after selling 75,157 shares during the period. Franklin Resources Inc. owned about 1.10% of SS&C Technologies worth $206,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Boston Partners raised its holdings in shares of SS&C Technologies by 283.1% during the fourth 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 last quarter. Norges Bank purchased a new stake in shares of SS&C Technologies during the fourth quarter worth approximately $205,475,000. Janus Henderson Group PLC raised its stake in SS&C Technologies by 5.4% in the 3rd quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company's stock valued at $1,191,774,000 after purchasing an additional 817,501 shares during the last quarter. KBC Group NV boosted its stake in SS&C Technologies by 403.0% during the 4th quarter. KBC Group NV now owns 839,536 shares of the technology company's stock worth $63,620,000 after purchasing an additional 672,641 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of SS&C Technologies during the fourth quarter worth $49,179,000. Institutional investors and hedge funds own 96.95% of the company's stock.

SS&C Technologies Trading Down 7.0 %

SS&C Technologies stock traded down $5.63 during mid-day trading on Friday, hitting $74.35. The company's stock had a trading volume of 1,479,620 shares, compared to its average volume of 1,222,140. The stock's fifty day moving average is $84.27 and its two-hundred day moving average is $78.47. 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 has a market capitalization of $18.33 billion, a PE ratio of 24.78 and a beta of 1.36. SS&C Technologies Holdings, Inc. has a 1 year low of $59.63 and a 1 year high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. On average, analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Monday, March 3rd. SS&C Technologies's dividend payout ratio (DPR) is 33.33%.

Analyst Ratings Changes

Several research firms have recently weighed in on SSNC. StockNews.com raised shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Monday, February 10th. Jefferies Financial Group upgraded SS&C Technologies from a "hold" rating to a "buy" rating and boosted their target price for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. UBS Group upped their price target on SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Royal Bank of Canada lifted their price objective on SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Finally, Needham & Company LLC upped their target price on SS&C Technologies from $90.00 to $105.00 and gave the company a "buy" rating in a report on Friday, February 7th. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, SS&C Technologies has an average rating of "Buy" and a consensus target price of $97.50.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, Director Michael Jay Zamkow sold 23,000 shares of the company's 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 transaction, the director now directly owns 23,200 shares in the company, valued at $2,050,648. This represents a 49.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jason Douglas White sold 71,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total value of $6,316,160.00. Following the transaction, the senior vice president now owns 6,412 shares of the company's stock, valued at approximately $570,411.52. This represents a 91.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 15.40% 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.