Amalgamated Bank Cuts Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Amalgamated Bank lowered its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 10,974 shares of the technology company’s stock after selling 321 shares during the period. Amalgamated Bank’s holdings in SS&C Technologies were worth $832,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Kestra Investment Management LLC bought a new stake in SS&C Technologies in the 4th quarter worth about $39,000. Financial Perspectives Inc purchased a new position in shares of SS&C Technologies in the 4th quarter worth approximately $51,000. CENTRAL TRUST Co bought a new position in shares of SS&C Technologies in the fourth quarter valued at approximately $65,000. Global X Japan Co. Ltd. increased its position 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 acquiring an additional 574 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in SS&C Technologies during the third quarter worth $68,000. Hedge funds and other institutional investors own 96.95% of the company’s stock.

SS&C Technologies Trading Down 0.9 %

NASDAQ:SSNC opened at $88.22 on Tuesday. The company has a market cap of $21.85 billion, a P/E ratio of 29.41 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 company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The stock’s fifty day moving average price is $81.37 and its two-hundred day moving average price is $76.92.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, topping 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%. As a group, analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Monday, March 3rd. SS&C Technologies’s dividend payout ratio (DPR) is presently 33.33%.

Analysts Set New Price Targets

SSNC has been the subject of a number of recent analyst reports. Needham & Company LLC upped their price objective on SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, February 7th. DA Davidson increased 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. UBS Group lifted their price objective on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a research 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 note on Monday, February 10th. Finally, Royal Bank of Canada raised their price target on shares of 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $97.50.

Insiders Place Their Bets

In other SS&C Technologies news, CEO William C. Stone sold 247,300 shares of the firm’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 owns 31,837,926 shares of the company’s stock, valued at $2,439,103,510.86. This trade represents a 0.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the sale, the director now owns 23,200 shares of the company’s stock, valued at approximately $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 474,000 shares of company stock worth $37,492,778 in the last three months. 15.40% of the stock is currently owned by corporate 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.