SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC reduced its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 26.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 112,876 shares of the technology company’s stock after selling 39,834 shares during the quarter. Hsbc Holdings PLC’s holdings in SS&C Technologies were worth $8,555,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC raised its position in shares of SS&C Technologies by 16.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the technology company’s stock valued at $67,000 after buying an additional 123 shares during the last quarter. SkyView Investment Advisors LLC raised its holdings in SS&C Technologies by 2.2% in the 3rd quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company’s stock valued at $475,000 after acquiring an additional 137 shares during the last quarter. Global Retirement Partners LLC lifted its stake in SS&C Technologies by 11.8% in the 4th quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company’s stock worth $107,000 after purchasing an additional 149 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of SS&C Technologies by 15.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,163 shares of the technology company’s stock worth $88,000 after purchasing an additional 158 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in shares of SS&C Technologies by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 3,193 shares of the technology company’s stock valued at $242,000 after purchasing an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Analysts Set New Price Targets

SSNC has been the topic of a number of recent research reports. UBS Group boosted their price objective on SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Raymond James dropped their price objective on shares of SS&C Technologies from $95.00 to $90.00 and set a “strong-buy” rating for the company in a report on Friday. Royal Bank of Canada lifted their target price on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Needham & Company LLC dropped their price target on shares of SS&C Technologies from $105.00 to $90.00 and set a “buy” rating for the company in a research note on Friday. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $86.00 price target (down previously from $90.00) on shares of SS&C Technologies in a research report on Friday. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, SS&C Technologies currently has a consensus rating of “Buy” and an average target price of $92.71.

Insider Buying and Selling

In other SS&C Technologies news, SVP Jason Douglas White sold 71,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the sale, the senior vice president now owns 6,412 shares in the company, valued at $570,411.52. This represents a 91.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total value of $2,032,970.00. Following the completion of the transaction, the director now owns 23,200 shares of the company’s stock, valued at $2,050,648. The trade was a 49.78 % decrease in their position. The disclosure for this sale can be found here. 16.40% of the stock is owned by insiders.

SS&C Technologies Stock Down 6.1 %

Shares of NASDAQ SSNC opened at $72.69 on Monday. SS&C Technologies Holdings, Inc. has a 52-week low of $60.01 and a 52-week high of $89.73. The business’s 50 day moving average is $81.25 and its two-hundred day moving average is $78.60. The firm has a market cap of $17.91 billion, a price-to-earnings ratio of 24.23 and a beta of 1.31. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. Research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Monday, March 3rd. SS&C Technologies’s dividend payout ratio (DPR) is currently 31.06%.

About SS&C Technologies

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.