Pinebridge Investments L.P. Sells 20,941 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Pinebridge Investments L.P. decreased its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 80.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,197 shares of the technology company's stock after selling 20,941 shares during the quarter. Pinebridge Investments L.P.'s holdings in SS&C Technologies were worth $394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Boston Partners increased its position in shares of SS&C Technologies by 283.1% during the 4th quarter. Boston Partners now owns 5,279,386 shares of the technology company's stock valued at $400,161,000 after purchasing an additional 3,901,227 shares during the last quarter. Norges Bank bought a new position in shares of SS&C Technologies during the 4th quarter valued at approximately $205,475,000. Senator Investment Group LP increased its position in shares of SS&C Technologies by 133.7% during the 4th quarter. Senator Investment Group LP now owns 1,519,175 shares of the technology company's stock valued at $115,123,000 after purchasing an additional 869,175 shares during the last quarter. KBC Group NV grew its position in SS&C Technologies by 403.0% in the 4th quarter. KBC Group NV now owns 839,536 shares of the technology company's stock valued at $63,620,000 after acquiring an additional 672,641 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in SS&C Technologies in the 4th quarter valued at $49,179,000. Institutional investors own 96.95% of the company's stock.

Insider Buying and Selling at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 23,000 shares of the business'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. The trade was a 49.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jason Douglas White sold 71,000 shares of the business'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 in the company, valued at approximately $570,411.52. This trade represents a 91.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.40% of the stock is owned by insiders.

SS&C Technologies Price Performance

Shares of SSNC stock opened at $73.38 on Tuesday. SS&C Technologies Holdings, Inc. has a twelve month low of $60.01 and a twelve month high of $89.73. The stock has a market capitalization of $18.08 billion, a price-to-earnings ratio of 24.46 and a beta of 1.31. The stock has a fifty day simple moving average of $80.93 and a two-hundred day simple moving average of $78.59. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04.

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

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.36%. SS&C Technologies's dividend payout ratio (DPR) is presently 31.06%.

Analysts Set New Price Targets

SSNC has been the topic of several research analyst reports. Raymond James cut their price objective on SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating on the stock in a research report on Friday. DA Davidson cut their price objective on SS&C Technologies from $100.00 to $94.00 and set a "buy" rating on the stock in a research report on Monday. UBS Group upped their price objective 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 upped their price objective on SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Finally, Needham & Company LLC cut their price objective on SS&C Technologies from $105.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $91.86.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.