SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Ironwood Investment Counsel LLC

Ironwood Investment Counsel LLC trimmed its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 9.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,506 shares of the technology company’s stock after selling 444 shares during the quarter. Ironwood Investment Counsel LLC’s holdings in SS&C Technologies were worth $290,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. boosted its holdings in SS&C Technologies by 22.8% in the fourth quarter. GHP Investment Advisors Inc. now owns 104,210 shares of the technology company’s stock valued at $6,368,000 after purchasing an additional 19,374 shares in the last quarter. Burgundy Asset Management Ltd. boosted its holdings in SS&C Technologies by 2.2% in the fourth quarter. Burgundy Asset Management Ltd. now owns 4,716,792 shares of the technology company’s stock valued at $288,243,000 after purchasing an additional 101,948 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in SS&C Technologies by 18.8% in the fourth quarter. Mackenzie Financial Corp now owns 1,017,953 shares of the technology company’s stock valued at $62,207,000 after purchasing an additional 161,165 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. purchased a new stake in SS&C Technologies in the fourth quarter valued at approximately $2,388,000. Finally, SG Americas Securities LLC lifted its stake in SS&C Technologies by 39.3% in the first quarter. SG Americas Securities LLC now owns 66,879 shares of the technology company’s stock valued at $4,305,000 after buying an additional 18,878 shares during the last quarter. 96.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 10,000 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $63.94, for a total transaction of $639,400.00. Following the transaction, the director now directly owns 38,000 shares in the company, valued at $2,429,720. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 32,500 shares of company stock valued at $2,027,750 over the last quarter. Insiders own 15.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SSNC shares. Jefferies Financial Group boosted their price objective on SS&C Technologies from $54.00 to $61.00 and gave the company a “hold” rating in a research note on Monday, April 29th. Needham & Company LLC boosted their price objective on SS&C Technologies from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, DA Davidson boosted their price objective on SS&C Technologies from $78.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $70.80.

SS&C Technologies Price Performance

SS&C Technologies stock traded up $1.01 during trading hours on Monday, hitting $67.56. The stock had a trading volume of 748,963 shares, compared to its average volume of 954,534. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $16.71 billion, a price-to-earnings ratio of 26.92 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a 1-year low of $46.61 and a 1-year high of $69.49. The stock’s fifty day moving average is $62.85 and its two-hundred day moving average is $62.39.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, April 25th. The technology company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.03. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.42 billion. SS&C Technologies had a return on equity of 17.10% and a net margin of 11.46%. As a group, analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Monday, June 3rd. SS&C Technologies’s payout ratio is currently 38.25%.

SS&C Technologies 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.