SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by GMT Capital Corp

GMT Capital Corp trimmed its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,273,800 shares of the technology company's stock after selling 78,100 shares during the quarter. SS&C Technologies accounts for about 4.7% of GMT Capital Corp's portfolio, making the stock its 7th largest position. GMT Capital Corp owned approximately 0.51% of SS&C Technologies worth $96,529,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC increased its holdings in shares of SS&C Technologies by 16.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the technology company's stock valued at $67,000 after acquiring an additional 123 shares in the last quarter. SkyView Investment Advisors LLC grew its position in SS&C Technologies by 2.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company's stock worth $475,000 after purchasing an additional 137 shares during the last quarter. Global Retirement Partners LLC increased its stake in SS&C Technologies by 11.8% during the 4th quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company's stock valued at $107,000 after purchasing an additional 149 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of SS&C Technologies by 15.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,163 shares of the technology company's stock worth $88,000 after buying an additional 158 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of SS&C Technologies by 5.3% during the fourth quarter. Wellington Management Group LLP now owns 3,193 shares of the technology company's stock worth $242,000 after buying an additional 161 shares during the period. 96.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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 transaction 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 position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Jason Douglas White sold 71,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 in the company, valued at $570,411.52. This trade represents a 91.72 % decrease in their position. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by insiders.

SS&C Technologies Stock Performance

SSNC stock traded down $0.16 during trading on Monday, hitting $72.53. 804,565 shares of the company traded hands, compared to its average volume of 1,265,293. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. SS&C Technologies Holdings, Inc. has a 1 year low of $60.01 and a 1 year high of $89.73. The stock's 50-day simple moving average is $81.25 and its 200 day simple moving average is $78.60. The company has a market cap of $17.87 billion, a PE ratio of 24.20 and a beta of 1.31.

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

SS&C Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.38%. SS&C Technologies's dividend payout ratio is presently 31.06%.

Analysts Set New Price Targets

SSNC has been the topic of several research reports. Needham & Company LLC cut their target price on SS&C Technologies from $105.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday. Jefferies Financial Group raised SS&C Technologies from a "hold" rating to a "buy" rating and increased their price objective for the company from $70.00 to $94.00 in a report on Monday, February 3rd. DA Davidson decreased their target price on SS&C Technologies from $102.00 to $100.00 and set a "buy" rating for the company in a report on Friday, April 11th. Raymond James cut their price target on shares of SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating on the stock in a report on Friday. Finally, StockNews.com cut shares of SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research note on Friday. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $92.71.

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.