SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) CFO Patrick J. Pedonti sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $40.39, for a total value of $807,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

SS&C Technologies Holdings, Inc. (SSNC) traded up $0.44 on Wednesday, hitting $41.05. The stock had a trading volume of 603,745 shares, compared to its average volume of 710,973. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.87. SS&C Technologies Holdings, Inc. has a 52-week low of $28.89 and a 52-week high of $42.50. The stock has a market capitalization of $8,450.00, a PE ratio of 39.10, a PEG ratio of 1.36 and a beta of 1.08.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Wednesday, October 25th. The technology company reported $0.50 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.50. SS&C Technologies had a return on equity of 15.32% and a net margin of 13.47%. The firm had revenue of $419.60 million for the quarter, compared to analysts’ expectations of $424.14 million. During the same period in the previous year, the firm earned $0.42 earnings per share. The business’s revenue was up 7.1% compared to the same quarter last year. analysts forecast that SS&C Technologies Holdings, Inc. will post 1.78 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a dividend of $0.07 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.28 annualized dividend and a dividend yield of 0.68%. SS&C Technologies’s dividend payout ratio (DPR) is presently 26.67%.

SSNC has been the subject of several recent research reports. Raymond James Financial upgraded SS&C Technologies from an “outperform” rating to a “strong-buy” rating in a research report on Tuesday, November 21st. Jefferies Group reiterated a “buy” rating on shares of SS&C Technologies in a research report on Tuesday, October 3rd. JPMorgan Chase & Co. downgraded SS&C Technologies from an “overweight” rating to a “neutral” rating and set a $49.00 price objective for the company. in a research report on Tuesday, December 12th. BidaskClub downgraded SS&C Technologies from a “hold” rating to a “sell” rating in a research report on Friday, December 22nd. Finally, Citigroup upgraded SS&C Technologies to a “strong-buy” rating and boosted their price objective for the company from $43.00 to $46.00 in a research report on Tuesday, November 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $43.82.

Institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp increased its stake in shares of SS&C Technologies by 20.9% during the second quarter. State Street Corp now owns 3,012,292 shares of the technology company’s stock valued at $115,706,000 after buying an additional 521,727 shares during the period. Tredje AP fonden purchased a new stake in SS&C Technologies in the second quarter worth $263,000. Green Square Capital LLC purchased a new stake in SS&C Technologies in the second quarter worth $257,000. State of Wisconsin Investment Board grew its stake in SS&C Technologies by 7.4% in the third quarter. State of Wisconsin Investment Board now owns 157,385 shares of the technology company’s stock worth $6,319,000 after purchasing an additional 10,885 shares during the period. Finally, Amundi Pioneer Asset Management Inc. grew its stake in SS&C Technologies by 138.3% in the third quarter. Amundi Pioneer Asset Management Inc. now owns 238,338 shares of the technology company’s stock worth $9,569,000 after purchasing an additional 138,338 shares during the period. 86.13% of the stock is currently owned by hedge funds and other institutional investors.

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SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc is a holding company. The Company is a provider of software products and software-enabled services that allow financial services providers to automate complex business processes and manage their information processing requirements. The Company’s portfolio of software products and software-enabled services allows its clients to automate and integrate front-office functions, such as trading and modeling, middle-office functions, such as portfolio management and reporting, and back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing.

Insider Buying and Selling by Quarter for SS&C Technologies (NASDAQ:SSNC)

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