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

Polar Capital Holdings Plc lowered its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 35.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 159,185 shares of the technology company's stock after selling 89,042 shares during the period. Polar Capital Holdings Plc owned 0.06% of SS&C Technologies worth $12,063,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC lifted its holdings in 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 worth $67,000 after buying an additional 123 shares during the period. EP Wealth Advisors LLC lifted its holdings in SS&C Technologies by 2.0% during the fourth quarter. EP Wealth Advisors LLC now owns 7,003 shares of the technology company's stock worth $531,000 after buying an additional 139 shares during the period. Global Retirement Partners LLC lifted its holdings in SS&C Technologies by 11.8% during the fourth quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company's stock worth $107,000 after buying an additional 149 shares during the period. Farther Finance Advisors LLC lifted its holdings in SS&C Technologies by 15.7% during 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 period. Finally, Wellington Management Group LLP lifted its holdings in 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. Hedge funds and other institutional investors own 96.95% of the company's stock.

SS&C Technologies Price Performance

SS&C Technologies stock traded down $0.78 during midday trading on Wednesday, reaching $79.61. The company had a trading volume of 294,155 shares, compared to its average volume of 1,308,521. The company has a market capitalization of $19.64 billion, a P/E ratio of 26.53 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a 12-month low of $60.01 and a 12-month high of $89.73. The firm's fifty day simple moving average is $78.38 and its 200-day simple moving average is $79.05. 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 (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.41 by $0.03. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. The business's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.28 EPS. As a group, equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Raymond James lowered their target price on SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating for the company in a report on Friday, April 25th. DA Davidson decreased their price objective on SS&C Technologies from $100.00 to $94.00 and set a "buy" rating for the company in a report on Monday, April 28th. Royal Bank of Canada increased their price objective on SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Jefferies Financial Group upgraded 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. Finally, UBS Group increased their price objective on SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a report on Monday, February 3rd. One analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $91.86.

Insider Transactions at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 23,000 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total value of $2,032,970.00. Following the completion of the sale, the director now directly owns 23,200 shares of the company's stock, valued at approximately $2,050,648. This represents a 49.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan E. Michael purchased 2,700 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were purchased at an average price of $75.53 per share, for a total transaction of $203,931.00. Following the completion of the purchase, the director now owns 72,776 shares of the company's stock, valued at approximately $5,496,771.28. This trade represents a 3.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 16.40% of the company's stock.

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.