Natixis Sells 18,800 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Natixis cut its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 94.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,123 shares of the technology company's stock after selling 18,800 shares during the quarter. Natixis' holdings in SS&C Technologies were worth $85,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC bought a new stake in SS&C Technologies in the 4th quarter valued at $39,000. Parkside Financial Bank & Trust increased its position in SS&C Technologies by 76.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock worth $40,000 after purchasing an additional 229 shares in the last quarter. Financial Perspectives Inc bought a new position in shares of SS&C Technologies in the 4th quarter valued at $51,000. Rialto Wealth Management LLC acquired a new position in SS&C Technologies in the 4th quarter worth about $64,000. Finally, CENTRAL TRUST Co bought a new position in SS&C Technologies in the fourth quarter valued at about $65,000. 96.95% of the stock is owned by institutional investors.

Insider Activity at SS&C Technologies

In related 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 sale, the director now owns 23,200 shares in the company, valued at $2,050,648. This represents a 49.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction dated 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 transaction, the senior vice president now owns 6,412 shares of the company's stock, valued at $570,411.52. This trade represents a 91.72 % decrease in their position. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by corporate insiders.

SS&C Technologies Trading Down 0.1 %

SSNC stock traded down $0.05 during mid-day trading on Wednesday, reaching $74.86. The company's stock had a trading volume of 790,692 shares, compared to its average volume of 1,272,213. 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 current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The business's 50 day moving average price is $80.65 and its 200 day moving average price is $78.56. The company has a market cap of $18.45 billion, a price-to-earnings ratio of 24.95 and a beta of 1.31.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The technology company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.03. The company had revenue of $1.51 billion during 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%. SS&C Technologies'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 business posted $1.28 EPS. On average, equities research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.25 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.34%. SS&C Technologies's dividend payout ratio is presently 31.06%.

Wall Street Analyst Weigh In

SSNC has been the subject of several recent research reports. Raymond James lowered their price objective on SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating for the company in a research note on Friday, April 25th. DA Davidson reduced their price objective on shares of SS&C Technologies from $100.00 to $94.00 and set a "buy" rating on the stock in a research note on Monday. Royal Bank of Canada lifted their target price on SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Needham & Company LLC lowered their price objective on SS&C Technologies from $105.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, UBS Group upped their target price 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, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, SS&C Technologies currently has a consensus rating of "Buy" and a consensus target price 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.