SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Position Reduced by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 21.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,018 shares of the technology company’s stock after selling 2,934 shares during the period. Principal Financial Group Inc.’s holdings in SS&C Technologies were worth $835,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. CENTRAL TRUST Co purchased a new position in SS&C Technologies during the 4th quarter worth approximately $65,000. Global X Japan Co. Ltd. grew its holdings 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 in the last quarter. Capital Performance Advisors LLP acquired a new position in SS&C Technologies during the third quarter valued at $68,000. Versant Capital Management Inc raised its position in 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 period. Finally, Brooklyn Investment Group purchased a new stake in SS&C Technologies in the 3rd quarter worth about $73,000. Institutional investors and hedge funds own 96.95% of the company’s stock.

SS&C Technologies Stock Down 2.8 %

SS&C Technologies stock opened at $84.57 on Friday. The company has a market capitalization of $20.95 billion, a P/E ratio of 28.19 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a 1-year low of $59.63 and a 1-year high of $89.73. The firm’s fifty day simple moving average is $82.02 and its 200-day simple moving average is $77.19. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly 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%. Sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

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 issued a dividend of $0.25 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 1.18%. SS&C Technologies’s dividend payout ratio (DPR) is presently 33.33%.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, SVP Jason Douglas White sold 71,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total value of $6,316,160.00. Following the sale, the senior vice president now directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total value of $2,032,970.00. Following the completion of the transaction, the director now owns 23,200 shares in the company, valued at $2,050,648. The trade was a 49.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 226,700 shares of company stock valued at $18,547,125 over the last 90 days. 15.40% of the stock is currently owned by company insiders.

SS&C Technologies Company Profile

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.