Blair William & Co. IL Cuts Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Blair William & Co. IL reduced its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 10.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,144 shares of the technology company’s stock after selling 3,658 shares during the period. Blair William & Co. IL’s holdings in SS&C Technologies were worth $2,284,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in SSNC. Steward Partners Investment Advisory LLC raised its position in shares of SS&C Technologies by 16.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the technology company’s stock worth $67,000 after acquiring an additional 123 shares during the period. SkyView Investment Advisors LLC lifted its stake in SS&C Technologies by 2.2% in the 3rd quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company’s stock worth $475,000 after purchasing an additional 137 shares in the last quarter. Global Retirement Partners LLC boosted its stake in SS&C Technologies by 11.8% during the fourth quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company’s stock worth $107,000 after buying an additional 149 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of SS&C Technologies by 15.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,163 shares of the technology company’s stock valued at $88,000 after purchasing an additional 158 shares during the period. Finally, Legacy Capital Group California Inc. grew its stake in shares of SS&C Technologies by 5.8% in the 4th quarter. Legacy Capital Group California Inc. now owns 3,003 shares of the technology company’s stock valued at $228,000 after buying an additional 164 shares during the period. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Insider Activity

In related news, Director Michael Jay Zamkow sold 23,000 shares of the stock in a transaction that occurred on 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 directly owns 23,200 shares of the company’s stock, valued at $2,050,648. This represents a 49.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Jason Douglas White sold 71,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the transaction, the senior vice president now directly owns 6,412 shares in the company, valued at approximately $570,411.52. The trade was a 91.72 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 15.40% of the company’s stock.

SS&C Technologies Price Performance

SSNC stock opened at $83.00 on Wednesday. The stock has a 50-day moving average price of $84.30 and a two-hundred day moving average price of $78.42. The company has a market cap of $20.46 billion, a PE ratio of 27.67 and a beta of 1.36. 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 Holdings, Inc. has a 12-month low of $59.63 and a 12-month high of $89.73.

SS&C Technologies (NASDAQ:SSNC) last released 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%. As a group, research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Monday, March 3rd. SS&C Technologies’s dividend payout ratio is currently 33.33%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on SSNC shares. Royal Bank of Canada boosted their target price on SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Needham & Company LLC boosted their price target on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, February 7th. DA Davidson raised their target price on SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. UBS Group boosted their price target on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Finally, Raymond James boosted their price objective on 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. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, SS&C Technologies presently has a consensus rating of “Buy” and an average price target of $97.50.

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.