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

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Director Michael Jay Zamkow sold 23,000 shares of the firm’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 sale, the director now directly owns 23,200 shares in the company, valued at $2,050,648. The trade was a 49.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

SS&C Technologies Price Performance

NASDAQ:SSNC opened at $89.05 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The stock’s 50-day simple moving average is $81.11 and its 200 day simple moving average is $76.71. The company has a market cap of $22.06 billion, a P/E ratio of 29.68 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a 52-week low of $59.63 and a 52-week high of $89.50.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results 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%. As a group, sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

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

Institutional Trading of SS&C Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Boston Partners grew its holdings in SS&C Technologies by 283.1% during the fourth quarter. Boston Partners now owns 5,279,386 shares of the technology company’s stock worth $400,161,000 after purchasing an additional 3,901,227 shares during the period. Norges Bank bought a new position in SS&C Technologies during the fourth quarter worth about $205,475,000. Bank of America Corp DE grew its holdings in SS&C Technologies by 64.9% during the fourth quarter. Bank of America Corp DE now owns 2,235,142 shares of the technology company’s stock worth $169,379,000 after purchasing an additional 880,058 shares during the period. Senator Investment Group LP grew its holdings in SS&C Technologies by 133.7% during the fourth quarter. Senator Investment Group LP now owns 1,519,175 shares of the technology company’s stock worth $115,123,000 after purchasing an additional 869,175 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in SS&C Technologies by 5.4% during the third quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company’s stock worth $1,191,774,000 after purchasing an additional 817,501 shares during the period. Institutional investors and hedge funds own 96.95% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on SSNC shares. Royal Bank of Canada raised their price objective on SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. 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 note on Friday, February 7th. UBS Group lifted their price target on SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Finally, Jefferies Financial Group raised SS&C Technologies from a “hold” rating to a “buy” rating and lifted their price target for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, SS&C Technologies has an average 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.