Trust Co. of Vermont Cuts Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Trust Co. of Vermont lessened its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 32.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,981 shares of the technology company’s stock after selling 3,764 shares during the period. Trust Co. of Vermont’s holdings in SS&C Technologies were worth $488,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SSNC. Norges Bank bought a new stake in shares of SS&C Technologies in the 4th quarter worth approximately $168,860,000. Junto Capital Management LP lifted its holdings in shares of SS&C Technologies by 183.0% in the 4th quarter. Junto Capital Management LP now owns 1,471,190 shares of the technology company’s stock worth $89,904,000 after acquiring an additional 951,269 shares during the last quarter. KBC Group NV lifted its holdings in shares of SS&C Technologies by 243.1% in the 4th quarter. KBC Group NV now owns 507,749 shares of the technology company’s stock worth $31,029,000 after acquiring an additional 359,741 shares during the last quarter. Nomura Holdings Inc. raised its holdings in SS&C Technologies by 571.4% during the 3rd quarter. Nomura Holdings Inc. now owns 409,563 shares of the technology company’s stock valued at $21,518,000 after buying an additional 348,563 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in SS&C Technologies by 375.6% during the 4th quarter. BNP Paribas Financial Markets now owns 417,176 shares of the technology company’s stock valued at $25,494,000 after buying an additional 329,458 shares during the last quarter. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Insider Activity at SS&C Technologies

In other SS&C Technologies news, Director Michael Jay Zamkow sold 10,000 shares of SS&C Technologies stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $63.94, for a total transaction of $639,400.00. Following the completion of the transaction, the director now directly owns 38,000 shares of the company’s stock, valued at $2,429,720. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders sold 25,000 shares of company stock valued at $1,574,300. 15.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on SSNC shares. DA Davidson reiterated a “buy” rating and set a $78.00 price target on shares of SS&C Technologies in a report on Tuesday, April 16th. TheStreet upgraded shares of SS&C Technologies from a “c+” rating to a “b” rating in a report on Friday, February 23rd. Needham & Company LLC upped their price objective on shares of SS&C Technologies from $70.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Finally, Jefferies Financial Group upped their price objective on shares of SS&C Technologies from $54.00 to $61.00 and gave the stock a “hold” rating in a report on Monday, April 29th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.20.

SS&C Technologies Stock Performance

Shares of NASDAQ:SSNC traded down $0.38 during trading on Monday, hitting $60.31. The company’s stock had a trading volume of 29,141 shares, compared to its average volume of 955,537. SS&C Technologies Holdings, Inc. has a 12 month low of $46.61 and a 12 month high of $65.86. The firm has a market cap of $14.92 billion, a price-to-earnings ratio of 24.18 and a beta of 1.37. The company has a 50-day moving average of $61.92 and a 200-day moving average of $61.62. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, April 25th. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.03. SS&C Technologies had a net margin of 11.46% and a return on equity of 17.10%. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.42 billion. On average, sell-side analysts expect that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Monday, June 3rd. SS&C Technologies’s dividend payout ratio (DPR) is presently 38.25%.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.