Geneva Capital Management LLC Sells 2,002 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Geneva Capital Management LLC lowered its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 1.9% in the first quarter, Holdings Channel.com reports. The institutional investor owned 105,813 shares of the technology company’s stock after selling 2,002 shares during the period. Geneva Capital Management LLC’s holdings in SS&C Technologies were worth $6,811,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of SSNC. Quent Capital LLC boosted its position 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 buying an additional 172 shares in the last quarter. Headinvest LLC acquired a new stake in shares of SS&C Technologies during the 3rd quarter valued at $26,000. ST Germain D J Co. Inc. acquired a new position in SS&C Technologies in the 1st quarter worth about $27,000. Denali Advisors LLC bought a new position in SS&C Technologies in the first quarter valued at about $51,000. Finally, Fortis Group Advisors LLC acquired a new stake in shares of SS&C Technologies during the third quarter valued at about $53,000. 96.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SSNC has been the topic of a number of research reports. Jefferies Financial Group boosted their target price on shares of SS&C Technologies from $54.00 to $61.00 and gave the stock a “hold” rating in a report on Monday, April 29th. DA Davidson reissued a “buy” rating and issued a $78.00 price objective on shares of SS&C Technologies in a research note on Tuesday, April 16th. Finally, Needham & Company LLC raised their target price on SS&C Technologies from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, SS&C Technologies has a consensus rating of “Moderate Buy” and an average target price of $70.20.

SS&C Technologies Stock Performance

NASDAQ:SSNC traded up $1.39 during trading hours on Thursday, reaching $62.87. The stock had a trading volume of 1,173,319 shares, compared to its average volume of 943,274. SS&C Technologies Holdings, Inc. has a 12-month low of $46.61 and a 12-month high of $65.86. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a 50 day simple moving average of $62.23 and a 200 day simple moving average of $62.05. The stock has a market cap of $15.55 billion, a P/E ratio of 24.99 and a beta of 1.38.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Thursday, April 25th. The technology company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.03. SS&C Technologies had a net margin of 11.46% and a return on equity of 17.10%. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. On average, research analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date was Monday, June 3rd. SS&C Technologies’s dividend payout ratio (DPR) is presently 38.25%.

Insiders Place Their Bets

In other news, Director Michael Jay Zamkow sold 7,500 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $60.46, for a total transaction of $453,450.00. Following the completion of the transaction, the director now directly owns 41,576 shares in the company, valued at approximately $2,513,684.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 32,500 shares of company stock worth $2,027,750 in the last three months. 15.40% of the stock is currently owned by corporate insiders.

About SS&C Technologies

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.