Insider Selling: SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Director Sells 10,000 Shares of Stock

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Director Michael Jay Zamkow sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $61.92, for a total value of $619,200.00. Following the transaction, the director now directly owns 38,000 shares in the company, valued at approximately $2,352,960. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Michael Jay Zamkow also recently made the following trade(s):

• On Thursday, May 16th, Michael Jay Zamkow sold 10,000 shares of SS&C Technologies stock. The shares were sold at an average price of $63.94, for a total transaction of $639,400.00.
• On Thursday, May 9th, Michael Jay Zamkow sold 5,000 shares of SS&C Technologies stock. The stock was sold at an average price of $63.14, for a total transaction of $315,700.00.

SS&C Technologies Price Performance

SS&C Technologies stock traded down $0.14 during mid-day trading on Friday, reaching $61.82. 1,117,847 shares of the company’s stock traded hands, compared to its average volume of 969,530. The company has a market cap of $15.29 billion, a price-to-earnings ratio of 24.69 and a beta of 1.42. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. The stock has a 50 day moving average of $62.56 and a two-hundred day moving average of $60.73. SS&C Technologies Holdings, Inc. has a 12-month low of $46.61 and a 12-month high of $65.86.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, April 25th. The technology company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.11 by $0.03. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.42 billion. SS&C Technologies had a return on equity of 17.10% and a net margin of 11.46%. Equities analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.24 per share. The ex-dividend date is Monday, June 3rd. This represents a $0.96 annualized dividend and a yield of 1.55%. SS&C Technologies’s payout ratio is presently 38.25%.

Institutional Trading of SS&C Technologies

Several large investors have recently made changes to their positions in the business. Quent Capital LLC lifted its holdings in SS&C Technologies by 76.8% in the first quarter. Quent Capital LLC now owns 396 shares of the technology company’s stock valued at $25,000 after acquiring an additional 172 shares during the period. ST Germain D J Co. Inc. purchased a new position in SS&C Technologies during the first quarter valued at $27,000. Headinvest LLC acquired a new stake in shares of SS&C Technologies in the third quarter valued at about $26,000. Operose Advisors LLC purchased a new stake in shares of SS&C Technologies during the third quarter worth about $34,000. Finally, Denali Advisors LLC purchased a new position in SS&C Technologies in the 1st quarter valued at about $51,000. 96.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on SSNC. Citigroup lifted their target price on SS&C Technologies from $70.00 to $71.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. UBS Group increased their target price on shares of SS&C Technologies from $72.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Truist Financial increased their price target on SS&C Technologies from $55.00 to $60.00 and gave the stock a “hold” rating in a report on Wednesday, February 14th. Needham & Company LLC raised their price target on shares of SS&C Technologies from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, StockNews.com upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, January 29th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $70.20.

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.