Marshall Wace LLP Has $1.58 Million Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Marshall Wace LLP lowered its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 47.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,783 shares of the technology company's stock after selling 18,979 shares during the period. Marshall Wace LLP's holdings in SS&C Technologies were worth $1,575,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Truist Financial Corp lifted its stake in shares of SS&C Technologies by 82.0% in the 4th quarter. Truist Financial Corp now owns 19,078 shares of the technology company's stock valued at $1,446,000 after purchasing an additional 8,598 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its holdings in shares of SS&C Technologies by 993.0% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 355,286 shares of the technology company's stock valued at $26,924,000 after buying an additional 322,781 shares during the period. ZWJ Investment Counsel Inc. raised its holdings in shares of SS&C Technologies by 3.5% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 330,352 shares of the technology company's stock valued at $25,034,000 after buying an additional 11,077 shares during the period. Benson Investment Management Company Inc. purchased a new stake in shares of SS&C Technologies in the 4th quarter valued at $5,578,000. Finally, Swedbank AB raised its holdings in shares of SS&C Technologies by 17.5% in the 4th quarter. Swedbank AB now owns 1,753,236 shares of the technology company's stock valued at $132,860,000 after buying an additional 261,275 shares during the period. Institutional investors and hedge funds own 96.95% of the company's stock.

Insider Activity

In other SS&C Technologies news, SVP Jason Douglas White sold 71,000 shares of the company's stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 6,412 shares in the company, valued at approximately $570,411.52. This represents a 91.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Jay Zamkow sold 23,000 shares of the company's stock in a transaction dated 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 owns 23,200 shares of the company's stock, valued at approximately $2,050,648. This trade represents a 49.78 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 16.40% of the company's stock.

Analyst Upgrades and Downgrades

SSNC has been the topic of several recent research reports. StockNews.com downgraded SS&C Technologies from a "strong-buy" rating to a "buy" rating in a report on Friday, April 25th. JPMorgan Chase & Co. restated a "neutral" rating and set a $86.00 price target (down previously from $90.00) on shares of SS&C Technologies in a report on Friday, April 25th. Jefferies Financial Group upgraded SS&C Technologies from a "hold" rating to a "buy" rating and upped their price target 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 stock a "buy" rating in a report on Monday, February 3rd. Finally, Raymond James cut their price target on SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating on the stock in a report on Friday, April 25th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $91.86.

SS&C Technologies Trading Up 0.1 %

NASDAQ:SSNC traded up $0.07 on Thursday, reaching $75.67. The stock had a trading volume of 1,453,001 shares, compared to its average volume of 1,277,477. The company has a market cap of $18.65 billion, a price-to-earnings ratio of 25.22 and a beta of 1.31. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The firm's fifty day moving average is $80.13 and its two-hundred day moving average is $78.54. SS&C Technologies Holdings, Inc. has a 12-month low of $60.01 and a 12-month high of $89.73.

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, beating analysts' consensus estimates of $1.41 by $0.03. The company 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 company's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.28 EPS. Equities analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.25 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.32%. SS&C Technologies's dividend payout ratio (DPR) is presently 31.06%.

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.