SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 13.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 410,380 shares of the technology company's stock after selling 62,399 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.17% of SS&C Technologies worth $25,078,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. boosted its holdings in SS&C Technologies by 16.2% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 15,600 shares of the technology company's stock worth $820,000 after buying an additional 2,176 shares in the last quarter. Allworth Financial LP raised its holdings in shares of SS&C Technologies by 126.0% in the third quarter. Allworth Financial LP now owns 1,060 shares of the technology company's stock worth $56,000 after acquiring an additional 591 shares during the last quarter. Teacher Retirement System of Texas lifted its position in shares of SS&C Technologies by 2.3% in the third quarter. Teacher Retirement System of Texas now owns 17,380 shares of the technology company's stock valued at $913,000 after acquiring an additional 397 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of SS&C Technologies by 3.8% during the third quarter. California Public Employees Retirement System now owns 1,306,916 shares of the technology company's stock valued at $68,665,000 after acquiring an additional 48,398 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its position in SS&C Technologies by 13.8% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,251 shares of the technology company's stock worth $328,000 after purchasing an additional 756 shares in the last quarter. 96.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Michael Jay Zamkow sold 5,000 shares of the business's stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $63.14, for a total value of $315,700.00. Following the transaction, the director now owns 38,000 shares in the company, valued at $2,399,320. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 15.40% of the company's stock.

SS&C Technologies Stock Down 0.5 %

NASDAQ:SSNC traded down $0.29 during mid-day trading on Friday, hitting $63.72. The company had a trading volume of 684,409 shares, compared to its average volume of 1,042,842. SS&C Technologies Holdings, Inc. has a 1 year low of $46.61 and a 1 year high of $65.86. The business has a fifty day simple moving average of $62.53 and a 200-day simple moving average of $60.46. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02. The firm has a market capitalization 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 announced its earnings results on Thursday, April 25th. The technology company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.11 by $0.03. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.42 billion. SS&C Technologies had a return on equity of 17.10% and a net margin of 11.46%. Equities analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. TheStreet upgraded shares of SS&C Technologies from a "c+" rating to a "b" rating in a research report on Friday, February 23rd. Citigroup upped their target price on SS&C Technologies from $70.00 to $71.00 and gave the company a "buy" rating in a research note on Thursday, February 15th. DA Davidson reissued a "buy" rating and issued a $78.00 price target on shares of SS&C Technologies in a research note on Tuesday, April 16th. Truist Financial increased their price objective on shares of SS&C Technologies from $55.00 to $60.00 and gave the stock a "hold" rating in a report on Wednesday, February 14th. Finally, Jefferies Financial Group boosted their target price on shares of SS&C Technologies from $54.00 to $61.00 and gave the company a "hold" rating in a report on Monday, April 29th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, SS&C Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $70.20.

About SS&C Technologies

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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