Blue Trust Inc. Reduces Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Blue Trust Inc. cut its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 58.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 824 shares of the technology company’s stock after selling 1,147 shares during the period. Blue Trust Inc.’s holdings in SS&C Technologies were worth $62,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. CENTRAL TRUST Co acquired a new stake in shares of SS&C Technologies during the 4th quarter valued at approximately $65,000. Global X Japan Co. Ltd. boosted its holdings in shares of SS&C Technologies by 193.3% in the 4th 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 period. Capital Performance Advisors LLP acquired a new stake in SS&C Technologies during the third quarter worth about $68,000. Versant Capital Management Inc boosted its stake in SS&C Technologies by 32.5% in the fourth quarter. Versant Capital Management Inc now owns 949 shares of the technology company’s stock valued at $72,000 after acquiring an additional 233 shares during the period. Finally, Brooklyn Investment Group acquired a new position in SS&C Technologies during the 3rd quarter valued at approximately $73,000. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SSNC. UBS Group lifted their price target on SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a report on Monday, February 3rd. StockNews.com upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 10th. Raymond James increased their price objective on SS&C Technologies from $85.00 to $95.00 and gave the company a “strong-buy” rating in a research report on Friday, February 7th. DA Davidson upped their price target on shares of SS&C Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Finally, Needham & Company LLC upped their price objective on shares of SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $97.50.

SS&C Technologies Price Performance

NASDAQ:SSNC opened at $88.65 on Tuesday. The firm’s fifty day moving average price is $80.29 and its two-hundred day moving average price is $76.42. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market cap of $21.96 billion, a P/E ratio of 29.55 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a one year low of $59.63 and a one year high of $89.50.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. Equities analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Monday, March 3rd. SS&C Technologies’s dividend payout ratio (DPR) is currently 33.33%.

Insiders Place Their Bets

In related news, CEO William C. Stone sold 247,300 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was 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 directly owns 31,837,926 shares in the company, valued at approximately $2,439,103,510.86. The trade was a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction 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 owns 6,412 shares of the company’s stock, valued at approximately $570,411.52. This trade represents a 91.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 451,000 shares of company stock worth $35,459,808. Corporate 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.