Gulf International Bank UK Ltd Sells 154 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Gulf International Bank UK Ltd reduced its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 17,530 shares of the technology company’s stock after selling 154 shares during the quarter. Gulf International Bank UK Ltd’s holdings in SS&C Technologies were worth $1,328,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SSNC. Janus Henderson Group PLC grew its position in shares of SS&C Technologies by 5.4% in the 3rd quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company’s stock worth $1,191,774,000 after buying an additional 817,501 shares during the last quarter. KBC Group NV grew its position in shares of SS&C Technologies by 403.0% in the 4th quarter. KBC Group NV now owns 839,536 shares of the technology company’s stock worth $63,620,000 after buying an additional 672,641 shares during the last quarter. Point72 Asset Management L.P. grew its position in shares of SS&C Technologies by 250.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 593,700 shares of the technology company’s stock worth $44,058,000 after buying an additional 424,487 shares during the last quarter. Two Sigma Advisers LP grew its position in shares of SS&C Technologies by 433.9% in the 3rd quarter. Two Sigma Advisers LP now owns 415,400 shares of the technology company’s stock worth $30,827,000 after buying an additional 337,600 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of SS&C Technologies by 44.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 897,198 shares of the technology company’s stock worth $66,581,000 after buying an additional 275,186 shares during the last quarter. 96.95% of the stock is currently owned by institutional investors.

Insider Transactions at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 23,000 shares of the business’s stock in a transaction 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 owns 23,200 shares in the company, valued at $2,050,648. The trade was a 49.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Jason Douglas White sold 71,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total value of $6,316,160.00. Following the completion of the transaction, the senior vice president now owns 6,412 shares of the company’s stock, valued at $570,411.52. This represents a 91.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 474,000 shares of company stock worth $37,492,778 over the last quarter. 15.40% of the stock is currently owned by insiders.

SS&C Technologies Stock Up 1.0 %

Shares of NASDAQ:SSNC opened at $89.05 on Friday. The stock has a fifty day simple moving average of $81.37 and a two-hundred day simple moving average of $76.88. The stock has a market capitalization of $22.06 billion, a price-to-earnings ratio of 29.68 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a 12-month low of $59.63 and a 12-month high of $89.50. 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 (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

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

Wall Street Analyst Weigh In

SSNC has been the topic of several research reports. Raymond James lifted their price target on SS&C Technologies from $85.00 to $95.00 and gave the company a “strong-buy” rating in a research report on Friday, February 7th. StockNews.com upgraded SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 10th. Needham & Company LLC lifted their price target on SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, February 7th. DA Davidson lifted their price target on SS&C Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Finally, Royal Bank of Canada lifted their price target 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. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, SS&C Technologies presently has a consensus rating of “Buy” and a consensus 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.