Clark Estates Inc. NY Lowers Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Clark Estates Inc. NY cut its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 7.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,900 shares of the technology company’s stock after selling 4,100 shares during the quarter. Clark Estates Inc. NY’s holdings in SS&C Technologies were worth $3,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its stake in SS&C Technologies by 2,178.2% during the second quarter. Assenagon Asset Management S.A. now owns 104,797 shares of the technology company’s stock valued at $6,568,000 after buying an additional 100,197 shares during the period. National Pension Service boosted its position in shares of SS&C Technologies by 5.4% during the 3rd quarter. National Pension Service now owns 530,166 shares of the technology company’s stock valued at $39,344,000 after acquiring an additional 27,336 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of SS&C Technologies during the second quarter worth about $1,661,000. Jackson Square Capital LLC bought a new position in shares of SS&C Technologies in the third quarter worth approximately $1,612,000. Finally, Burgundy Asset Management Ltd. lifted its position in SS&C Technologies by 4.3% during the second quarter. Burgundy Asset Management Ltd. now owns 4,942,374 shares of the technology company’s stock valued at $309,739,000 after purchasing an additional 201,632 shares during the last quarter. 96.95% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Michael Jay Zamkow sold 19,000 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $75.97, for a total value of $1,443,430.00. Following the completion of the transaction, the director now directly owns 22,576 shares of the company’s stock, valued at $1,715,098.72. This represents a 45.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Normand A. Boulanger sold 130,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $75.38, for a total transaction of $9,799,400.00. Following the completion of the sale, the director now owns 333,576 shares of the company’s stock, valued at $25,144,958.88. This trade represents a 28.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 15.40% of the company’s stock.

Wall Street Analysts Forecast Growth

SSNC has been the topic of a number of research analyst reports. Royal Bank of Canada increased their price target on shares of SS&C Technologies from $75.00 to $86.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. DA Davidson reissued a “buy” rating and issued a $92.00 target price on shares of SS&C Technologies in a research note on Thursday, October 10th. StockNews.com lowered SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Raymond James increased their price objective on SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a research report on Friday, October 25th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of SS&C Technologies in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $77.75.

SS&C Technologies Price Performance

SSNC opened at $77.10 on Wednesday. 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 Holdings, Inc. has a 1 year low of $55.45 and a 1 year high of $77.50. The stock’s 50 day simple moving average is $74.13 and its 200 day simple moving average is $69.52. The firm has a market cap of $19.10 billion, a price-to-earnings ratio of 27.63 and a beta of 1.39.

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

SS&C Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Monday, December 2nd. SS&C Technologies’s payout ratio is 35.84%.

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.