SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 9.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 597,753 shares of the technology company's stock after selling 60,407 shares during the quarter. Ameriprise Financial Inc. owned 0.24% of SS&C Technologies worth $45,298,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Caisse DE Depot ET Placement DU Quebec bought a new position in SS&C Technologies in the fourth quarter valued at $12,916,000. Comerica Bank grew its holdings in SS&C Technologies by 8.9% during the 4th quarter. Comerica Bank now owns 34,730 shares of the technology company's stock worth $2,632,000 after acquiring an additional 2,843 shares during the period. Kapitalo Investimentos Ltda purchased a new position in SS&C Technologies during the 4th quarter worth $69,000. Utah Retirement Systems raised its position in SS&C Technologies by 0.6% in the fourth quarter. Utah Retirement Systems now owns 35,636 shares of the technology company's stock worth $2,700,000 after acquiring an additional 200 shares during the period. Finally, AQR Capital Management LLC lifted its position in shares of SS&C Technologies by 52.4% during the fourth quarter. AQR Capital Management LLC now owns 2,270,232 shares of the technology company's stock worth $172,038,000 after acquiring an additional 780,616 shares in the last quarter. Institutional investors own 96.95% of the company's stock.

SS&C Technologies Stock Performance

SSNC traded down $0.40 during trading on Wednesday, hitting $79.26. The stock had a trading volume of 1,260,007 shares, compared to its average volume of 1,305,336. 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 company's 50-day moving average price is $78.63 and its 200 day moving average price is $78.72. SS&C Technologies Holdings, Inc. has a twelve month low of $60.01 and a twelve month high of $89.73. The firm has a market capitalization of $19.55 billion, a P/E ratio of 26.42 and a beta of 1.24.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.03. The company had revenue of $1.51 billion during 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 company's revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.28 earnings per share. On average, equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given 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 1.26%. SS&C Technologies's dividend payout ratio (DPR) is presently 31.06%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SSNC shares. StockNews.com raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 6th. UBS Group upped their price target on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $86.00 target price (down from $90.00) on shares of SS&C Technologies in a report on Friday, April 25th. Royal Bank of Canada raised 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, DA Davidson dropped their target price on SS&C Technologies from $100.00 to $94.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. One equities research 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.com, the company presently has an average rating of "Buy" and a consensus price target of $91.86.

Insider Activity

In other news, SVP Jason Douglas White sold 71,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total value of $6,316,160.00. Following the completion of the transaction, the senior vice president now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan E. Michael purchased 2,700 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was bought at an average cost of $75.53 per share, for a total transaction of $203,931.00. Following the completion of the purchase, the director now directly owns 72,776 shares in the company, 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. 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.