California Public Employees Retirement System Reduces Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

California Public Employees Retirement System cut its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 983,933 shares of the technology company’s stock after selling 7,952 shares during the period. California Public Employees Retirement System’s holdings in SS&C Technologies were worth $74,562,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SSNC. Vanguard Group Inc. lifted its position in shares of SS&C Technologies by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 20,215,026 shares of the technology company’s stock worth $1,531,895,000 after purchasing an additional 239,438 shares in the last quarter. Janus Henderson Group PLC increased its stake in SS&C Technologies by 5.4% during 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 period. State Street Corp lifted its holdings in SS&C Technologies by 2.2% in the 3rd quarter. State Street Corp now owns 5,624,174 shares of the technology company’s stock worth $417,370,000 after buying an additional 121,223 shares in the last quarter. Boston Partners boosted its position in SS&C Technologies by 283.1% in the 4th quarter. Boston Partners now owns 5,279,386 shares of the technology company’s stock valued at $400,161,000 after buying an additional 3,901,227 shares during the last quarter. Finally, Cantillon Capital Management LLC grew its stake in shares of SS&C Technologies by 0.6% during the fourth quarter. Cantillon Capital Management LLC now owns 4,533,081 shares of the technology company’s stock valued at $343,517,000 after acquiring an additional 25,895 shares in the last quarter. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Insider Buying and Selling

In other news, Director Michael Jay Zamkow sold 23,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the completion of the transaction, the director now owns 23,200 shares of the company’s stock, valued at approximately $2,050,648. The trade was a 49.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Jason Douglas White sold 71,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $570,411.52. This trade represents a 91.72 % decrease in their position. The disclosure for this sale can be found here. 15.40% of the stock is owned by company insiders.

SS&C Technologies Stock Up 1.9 %

SSNC stock opened at $83.53 on Tuesday. The firm has a market cap of $20.59 billion, a price-to-earnings ratio of 27.84 and a beta of 1.36. SS&C Technologies Holdings, Inc. has a 1-year low of $59.63 and a 1-year high of $89.73. The firm has a fifty day moving average price of $84.25 and a two-hundred day moving average price of $78.36. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data 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%. Research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.20%. SS&C Technologies’s dividend payout ratio is currently 33.33%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Needham & Company LLC increased their price target on SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a report on Friday, February 7th. Jefferies Financial Group raised shares of SS&C Technologies from a “hold” rating to a “buy” rating and raised their price target for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. Raymond James lifted their price target on shares of SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 7th. UBS Group raised their price objective on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Finally, Royal Bank of Canada boosted 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. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $97.50.

SS&C Technologies Company Profile

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.