Kapitalo Investimentos Ltda Trims Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Kapitalo Investimentos Ltda lessened its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 23.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,402 shares of the technology company’s stock after selling 439 shares during the period. Kapitalo Investimentos Ltda’s holdings in SS&C Technologies were worth $86,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Headinvest LLC acquired a new position in SS&C Technologies in the third quarter valued at about $26,000. Operose Advisors LLC acquired a new position in shares of SS&C Technologies in the 3rd quarter worth approximately $34,000. Cary Street Partners Investment Advisory LLC purchased a new position in shares of SS&C Technologies during the 3rd quarter worth approximately $53,000. Fortis Group Advisors LLC acquired a new stake in SS&C Technologies in the 3rd quarter valued at approximately $53,000. Finally, Principal Securities Inc. purchased a new stake in SS&C Technologies in the fourth quarter valued at approximately $53,000. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

SS&C Technologies Trading Up 0.9 %

Shares of NASDAQ:SSNC opened at $61.88 on Thursday. The company has a market cap of $15.30 billion, a PE ratio of 24.65 and a beta of 1.37. The company’s 50 day moving average is $61.87 and its two-hundred day moving average is $61.68. SS&C Technologies Holdings, Inc. has a 52 week low of $46.61 and a 52 week high of $65.86. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings results on Thursday, April 25th. The technology company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.03. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. SS&C Technologies had a return on equity of 17.10% and a net margin of 11.46%. Equities analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date was Monday, June 3rd. SS&C Technologies’s dividend payout ratio (DPR) is 38.25%.

Insider Buying and Selling at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $63.14, for a total transaction of $315,700.00. Following the completion of the sale, the director now owns 38,000 shares in the company, valued at approximately $2,399,320. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 32,500 shares of company stock worth $2,027,750 over the last three months. Insiders own 15.40% of the company’s stock.

Analyst Ratings Changes

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

About SS&C Technologies

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.