SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Director Michael Jay Zamkow Sells 10,000 Shares

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Get Free Report) Director Michael Jay Zamkow sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $63.94, for a total transaction of $639,400.00. Following the completion of the sale, the director now owns 38,000 shares of the company's stock, valued at approximately $2,429,720. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Michael Jay Zamkow also recently made the following trade(s):

• On Thursday, May 9th, Michael Jay Zamkow sold 5,000 shares of SS&C Technologies stock. The shares were sold at an average price of $63.14, for a total transaction of $315,700.00.

SS&C Technologies Stock Down 0.5 %

Shares of SSNC traded down $0.29 during mid-day trading on Friday, hitting $63.72. 659,348 shares of the company's stock were exchanged, compared to its average volume of 972,191. SS&C Technologies Holdings, Inc. has a twelve month low of $46.61 and a twelve month high of $65.86. The firm has a fifty day moving average of $62.53 and a two-hundred day moving average of $60.39. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. The stock has a market cap of $15.76 billion, a price-to-earnings ratio of 25.39 and a beta of 1.42.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its earnings results on Thursday, April 25th. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.11 by $0.03. SS&C Technologies had a net margin of 11.46% and a return on equity of 17.10%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.42 billion. On average, sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in SS&C Technologies by 14.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,292 shares of the technology company's stock valued at $79,000 after buying an additional 166 shares during the last quarter. Quent Capital LLC boosted its holdings in SS&C Technologies by 76.8% in the 1st quarter. Quent Capital LLC now owns 396 shares of the technology company's stock valued at $25,000 after purchasing an additional 172 shares during the period. Carret Asset Management LLC boosted its holdings in SS&C Technologies by 2.5% in the 4th quarter. Carret Asset Management LLC now owns 7,070 shares of the technology company's stock valued at $432,000 after purchasing an additional 175 shares during the period. IFM Investors Pty Ltd boosted its holdings in SS&C Technologies by 0.4% in the 1st quarter. IFM Investors Pty Ltd now owns 47,246 shares of the technology company's stock valued at $3,041,000 after purchasing an additional 190 shares during the period. Finally, Scotia Capital Inc. boosted its holdings in SS&C Technologies by 0.3% in the 4th quarter. Scotia Capital Inc. now owns 55,124 shares of the technology company's stock valued at $3,369,000 after purchasing an additional 191 shares during the period. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SSNC has been the topic of several research reports. Needham & Company LLC upped their price objective on shares of SS&C Technologies from $70.00 to $74.00 and gave the company a "buy" rating in a research note on Friday, April 26th. DA Davidson reiterated a "buy" rating and issued a $78.00 price objective on shares of SS&C Technologies in a research note on Tuesday, April 16th. Jefferies Financial Group upped their price objective on shares of SS&C Technologies from $54.00 to $61.00 and gave the company a "hold" rating in a research note on Monday, April 29th. Truist Financial upped their price objective on shares of SS&C Technologies from $55.00 to $60.00 and gave the company a "hold" rating in a research note on Wednesday, February 14th. Finally, UBS Group upped their price objective on shares of SS&C Technologies from $72.00 to $77.00 and gave the company a "buy" rating in a research note on Wednesday, February 14th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $70.20.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.

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