World Investment Advisors LLC Sells 332 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

World Investment Advisors LLC reduced its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,578 shares of the technology company’s stock after selling 332 shares during the quarter. World Investment Advisors LLC’s holdings in SS&C Technologies were worth $859,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC raised its stake in SS&C Technologies by 63.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,326 shares of the technology company’s stock worth $396,000 after buying an additional 2,453 shares in the last quarter. Pallas Capital Advisors LLC bought a new stake in SS&C Technologies during the 2nd quarter valued at approximately $264,000. 1620 Investment Advisors Inc. purchased a new position in shares of SS&C Technologies during the 2nd quarter worth approximately $47,000. First National Bank of Hutchinson raised its position in shares of SS&C Technologies by 5.8% in the 2nd quarter. First National Bank of Hutchinson now owns 12,630 shares of the technology company’s stock worth $792,000 after acquiring an additional 697 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of SS&C Technologies by 6.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,289,558 shares of the technology company’s stock worth $80,817,000 after acquiring an additional 78,984 shares in the last quarter. Institutional investors own 96.95% of the company’s stock.

Insider Buying and Selling

In other SS&C Technologies news, Director Michael Jay Zamkow sold 19,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $75.97, for a total value of $1,443,430.00. Following the transaction, the director now directly owns 22,576 shares of the company’s stock, valued at approximately $1,715,098.72. This trade represents a 45.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jason Douglas White sold 69,000 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the sale, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at $494,172.84. The trade was a 91.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 468,000 shares of company stock worth $35,904,908. 15.40% of the stock is owned by insiders.

SS&C Technologies Stock Down 0.3 %

SS&C Technologies stock opened at $76.41 on Tuesday. SS&C Technologies Holdings, Inc. has a 12 month low of $58.79 and a 12 month high of $77.69. The stock has a fifty day simple moving average of $74.83 and a two-hundred day simple moving average of $71.02. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The firm has a market cap of $18.93 billion, a price-to-earnings ratio of 27.39 and a beta of 1.38.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.26 by $0.03. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. SS&C Technologies’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the company earned $1.04 EPS. Equities analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.25 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.31%. SS&C Technologies’s dividend payout ratio (DPR) is 35.84%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SSNC. StockNews.com downgraded shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of SS&C Technologies in a research note on Friday, October 25th. DA Davidson reiterated a “buy” rating and set a $92.00 target price on shares of SS&C Technologies in a report on Thursday, October 10th. Royal Bank of Canada upped their price target on SS&C Technologies from $75.00 to $86.00 and gave the stock an “outperform” rating in a research note on Thursday, September 19th. Finally, Raymond James lifted their price objective on SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $77.75.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.