SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Director Michael Jay Zamkow Sells 23,000 Shares

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Director Michael Jay Zamkow sold 23,000 shares of the business’s 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 sale, the director now owns 23,200 shares of the company’s stock, valued at approximately $2,050,648. This represents a 49.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

SS&C Technologies Stock Up 1.0 %

NASDAQ SSNC opened at $89.05 on Friday. 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 1-year low of $59.63 and a 1-year high of $89.50. The company has a 50 day moving average of $81.11 and a 200-day moving average of $76.71. The company has a market cap of $22.06 billion, a price-to-earnings ratio of 29.68 and a beta of 1.38.

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, beating 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, equities research analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given 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 1.12%. SS&C Technologies’s dividend payout ratio is currently 33.33%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SSNC. International Assets Investment Management LLC raised its position in SS&C Technologies by 7,320.0% during the third quarter. International Assets Investment Management LLC now owns 2,226 shares of the technology company’s stock valued at $165,000 after purchasing an additional 2,196 shares in the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in SS&C Technologies during the third quarter valued at approximately $213,000. Mirae Asset Global Investments Co. Ltd. raised its position in SS&C Technologies by 49.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,865 shares of the technology company’s stock valued at $951,000 after purchasing an additional 4,262 shares in the last quarter. Forsta AP Fonden raised its position in SS&C Technologies by 26.8% during the third quarter. Forsta AP Fonden now owns 39,800 shares of the technology company’s stock valued at $2,954,000 after purchasing an additional 8,400 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in SS&C Technologies by 95.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 12,353 shares of the technology company’s stock valued at $917,000 after purchasing an additional 6,027 shares in the last quarter. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SSNC has been the subject of a number of research analyst reports. StockNews.com upgraded SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. Jefferies Financial Group upgraded SS&C Technologies from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. Royal Bank of Canada boosted their price objective on SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. DA Davidson boosted their price objective on SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Finally, Needham & Company LLC boosted their price objective on SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Five research 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, SS&C Technologies has a consensus rating of “Buy” and an average target price 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.