SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH reduced its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,553,629 shares of the technology company’s stock after selling 14,883 shares during the period. Fort Washington Investment Advisors Inc. OH owned 0.63% of SS&C Technologies worth $117,734,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in SSNC. ZWJ Investment Counsel Inc. boosted its position in SS&C Technologies by 3.5% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 330,352 shares of the technology company’s stock valued at $25,034,000 after purchasing an additional 11,077 shares during the period. Kera Capital Partners Inc. acquired a new position in shares of SS&C Technologies during the fourth quarter valued at $242,000. Alhambra Investment Management LLC acquired a new position in shares of SS&C Technologies during the fourth quarter valued at $364,000. Integrated Investment Consultants LLC increased its holdings in shares of SS&C Technologies by 14.8% in the 4th quarter. Integrated Investment Consultants LLC now owns 23,326 shares of the technology company’s stock worth $1,768,000 after acquiring an additional 3,006 shares during the period. Finally, Arkadios Wealth Advisors bought a new stake in SS&C Technologies in the 4th quarter valued at about $215,000. 96.95% of the stock is owned by institutional investors.

SS&C Technologies Stock Performance

SSNC stock opened at $80.37 on Wednesday. The firm has a 50 day simple moving average of $76.17 and a 200 day simple moving average of $73.65. SS&C Technologies Holdings, Inc. has a 52 week low of $59.53 and a 52 week high of $80.45. The stock has a market cap of $19.91 billion, a P/E ratio of 28.81 and a beta of 1.37. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.03. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.44 billion. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 earnings per share. Research analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.24%. The ex-dividend date was Monday, December 2nd. SS&C Technologies’s payout ratio is 35.84%.

Insider Buying and Selling at SS&C Technologies

In other news, SVP Jason Douglas White sold 69,000 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the transaction, the senior vice president now owns 6,412 shares of the company’s stock, valued at approximately $494,172.84. This represents a 91.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO William C. Stone sold 132,700 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $76.85, for a total value of $10,197,995.00. Following the completion of the sale, the chief executive officer now owns 31,837,926 shares of the company’s stock, valued at approximately $2,446,744,613.10. This trade represents a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 449,000 shares of company stock worth $34,461,478 over the last three months. Corporate insiders own 15.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on SSNC. Raymond James upped their target price on shares of SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 25th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price objective on shares of SS&C Technologies in a report on Friday, October 25th. StockNews.com downgraded SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Finally, DA Davidson reissued a “buy” rating and issued a $92.00 price target on shares of SS&C Technologies in a research note on Thursday, October 10th. Two equities research 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $77.75.

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.