SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) SVP Jason Douglas White Sells 71,000 Shares

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) SVP Jason Douglas White sold 71,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is available at the SEC website.

Jason Douglas White also recently made the following trade(s):

• On Tuesday, November 26th, Jason Douglas White sold 69,000 shares of SS&C Technologies stock. The stock was sold at an average price of $77.07, for a total transaction of $5,317,830.00.

SS&C Technologies Stock Performance

Shares of NASDAQ:SSNC opened at $89.12 on Thursday. SS&C Technologies Holdings, Inc. has a 52 week low of $59.63 and a 52 week high of $89.25. The stock has a market capitalization of $22.07 billion, a P/E ratio of 29.71 and a beta of 1.38. The firm has a fifty day simple moving average of $79.56 and a two-hundred day simple moving average of $75.97. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04.

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

SS&C Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.12%. SS&C Technologies’s dividend payout ratio is presently 33.33%.

Hedge Funds Weigh In On SS&C Technologies

Large investors have recently made changes to their positions in the company. Kestra Investment Management LLC purchased a new position in shares of SS&C Technologies during the 4th quarter worth about $39,000. Parkside Financial Bank & Trust lifted its holdings in SS&C Technologies by 76.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock valued at $40,000 after buying an additional 229 shares in the last quarter. Colonial Trust Co SC lifted its holdings in SS&C Technologies by 239.3% during the 4th quarter. Colonial Trust Co SC now owns 553 shares of the technology company’s stock valued at $42,000 after buying an additional 390 shares in the last quarter. True Wealth Design LLC lifted its holdings in SS&C Technologies by 163.6% during the 4th quarter. True Wealth Design LLC now owns 551 shares of the technology company’s stock valued at $42,000 after buying an additional 342 shares in the last quarter. Finally, Financial Perspectives Inc bought a new stake in SS&C Technologies during the 4th quarter valued at about $51,000. 96.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada upped their target price on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Needham & Company LLC upped their target price on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. DA Davidson upped their target price on shares of 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 upped their target price 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. Finally, Jefferies Financial Group upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and upped their target price for the stock from $70.00 to $94.00 in a research 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 stock. Based on data from MarketBeat.com, the company currently 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.