Schonfeld Strategic Advisors LLC Sells 91,848 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Schonfeld Strategic Advisors LLC lessened its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 95.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,275 shares of the technology company's stock after selling 91,848 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in SS&C Technologies were worth $324,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of SSNC. AQR Capital Management LLC raised its position in SS&C Technologies by 52.4% in the 4th quarter. AQR Capital Management LLC now owns 2,270,232 shares of the technology company's stock valued at $172,038,000 after purchasing an additional 780,616 shares during the last quarter. Northern Trust Corp raised its position in shares of SS&C Technologies by 10.5% during the fourth quarter. Northern Trust Corp now owns 1,426,304 shares of the technology company's stock worth $108,085,000 after acquiring an additional 135,073 shares during the last quarter. Capital Analysts LLC raised its position in shares of SS&C Technologies by 5.0% during the fourth quarter. Capital Analysts LLC now owns 48,014 shares of the technology company's stock worth $3,638,000 after acquiring an additional 2,306 shares during the last quarter. Snyder Capital Management L P raised its position in shares of SS&C Technologies by 6.9% during the fourth quarter. Snyder Capital Management L P now owns 1,713,013 shares of the technology company's stock worth $129,812,000 after acquiring an additional 110,153 shares during the last quarter. Finally, Hancock Whitney Corp bought a new stake in shares of SS&C Technologies during the fourth quarter worth $336,000. Institutional investors own 96.95% of the company's stock.

Insiders Place Their Bets

In other SS&C Technologies news, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total transaction 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. The trade was a 91.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan E. Michael bought 2,700 shares of the company's stock in a transaction on Thursday, May 1st. The shares were purchased at an average cost of $75.53 per share, for a total transaction of $203,931.00. Following the transaction, the director now owns 72,776 shares in the company, valued at approximately $5,496,771.28. This represents a 3.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 106,500 shares of company stock worth $9,348,130. Company insiders own 16.40% of the company's stock.

SS&C Technologies Stock Up 0.1%

SSNC traded up $0.09 on Friday, hitting $79.60. 1,558,481 shares of the company were exchanged, compared to its average volume of 1,307,077. SS&C Technologies Holdings, Inc. has a 12 month low of $60.01 and a 12 month high of $89.73. The company has a market cap of $19.63 billion, a PE ratio of 26.53 and a beta of 1.24. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The stock's fifty day moving average is $78.40 and its 200-day moving average is $78.85.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its 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 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.28 earnings per share. Equities research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada boosted their target price on SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. DA Davidson dropped their target price on SS&C Technologies from $100.00 to $94.00 and set a "buy" rating for the company in a research report on Monday, April 28th. StockNews.com raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $86.00 price objective (down from $90.00) on shares of SS&C Technologies in a research note on Friday, April 25th. Finally, Jefferies Financial Group raised SS&C Technologies from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $70.00 to $94.00 in a research note on Monday, February 3rd. One analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $91.86.

SS&C Technologies 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.