Rhumbline Advisers Sells 4,093 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Rhumbline Advisers reduced its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 280,009 shares of the technology company’s stock after selling 4,093 shares during the quarter. Rhumbline Advisers owned about 0.11% of SS&C Technologies worth $21,219,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SSNC. CENTRAL TRUST Co bought a new position in shares of SS&C Technologies during the fourth quarter valued at approximately $65,000. Global X Japan Co. Ltd. grew its stake in shares of SS&C Technologies by 193.3% during the fourth quarter. Global X Japan Co. Ltd. now owns 871 shares of the technology company’s stock valued at $66,000 after buying an additional 574 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of SS&C Technologies during the third quarter valued at approximately $68,000. Versant Capital Management Inc grew its stake in shares of SS&C Technologies by 32.5% during the fourth quarter. Versant Capital Management Inc now owns 949 shares of the technology company’s stock valued at $72,000 after buying an additional 233 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of SS&C Technologies during the third quarter valued at approximately $73,000. 96.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SSNC shares. Raymond James increased their price objective on SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 7th. Needham & Company LLC increased their price objective on SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Jefferies Financial Group raised SS&C Technologies from a “hold” rating to a “buy” rating and increased their price objective for the stock from $70.00 to $94.00 in a research note on Monday, February 3rd. Finally, Royal Bank of Canada increased their price objective on SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, SS&C Technologies presently has a consensus rating of “Buy” and a consensus price target of $97.50.

SS&C Technologies Stock Up 0.0 %

SS&C Technologies stock opened at $89.13 on Friday. The business has a fifty day moving average of $79.81 and a two-hundred day moving average of $76.06. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The firm has a market cap of $22.08 billion, a P/E ratio of 29.71 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a twelve month low of $59.63 and a twelve month high of $89.25.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. On average, analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.12%. SS&C Technologies’s dividend payout ratio is presently 33.33%.

Insider Activity

In other news, SVP Jason Douglas White sold 69,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the completion of the sale, the senior vice president now owns 6,412 shares in the company, valued at approximately $494,172.84. This represents a 91.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William C. Stone sold 247,300 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $76.61, for a total value of $18,945,653.00. Following the sale, the chief executive officer now owns 31,837,926 shares of the company’s stock, valued at approximately $2,439,103,510.86. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 520,000 shares of company stock worth $40,777,638. Insiders own 15.40% of the company’s stock.

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.