Insider Selling: SS&C Technologies Holdings, Inc. (SSNC) CFO Sells $813,800.00 in Stock

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) CFO Patrick J. Pedonti sold 20,000 shares of SS&C Technologies stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $40.69, for a total value of $813,800.00. Following the completion of the transaction, the chief financial officer now owns 17,500 shares of the company’s stock, valued at $712,075. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) opened at $40.10 on Thursday. SS&C Technologies Holdings, Inc. has a twelve month low of $28.43 and a twelve month high of $42.48. The company has a market capitalization of $8,333.24, a P/E ratio of 23.13, a P/E/G ratio of 1.54 and a beta of 1.08. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.87.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Wednesday, October 25th. The technology company reported $0.50 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.50. SS&C Technologies had a return on equity of 15.32% and a net margin of 13.47%. The firm had revenue of $419.60 million for the quarter, compared to analysts’ expectations of $424.14 million. During the same quarter in the previous year, the company earned $0.42 earnings per share. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. analysts expect that SS&C Technologies Holdings, Inc. will post 1.78 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.28 annualized dividend and a yield of 0.70%. SS&C Technologies’s payout ratio is 26.67%.

A number of brokerages have commented on SSNC. Raymond James Financial upgraded SS&C Technologies from an “outperform” rating to a “strong-buy” rating in a research note on Tuesday, November 21st. Citigroup upgraded SS&C Technologies to a “strong-buy” rating and boosted their price objective for the stock from $43.00 to $46.00 in a research report on Tuesday, November 21st. Needham & Company LLC reiterated a “buy” rating on shares of SS&C Technologies in a research report on Friday, October 27th. DA Davidson reiterated a “buy” rating and set a $44.00 price objective on shares of SS&C Technologies in a research report on Thursday, October 26th. Finally, Morgan Stanley boosted their price objective on SS&C Technologies from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday, October 26th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $42.50.

Hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp increased its holdings in shares of SS&C Technologies by 20.9% in the second quarter. State Street Corp now owns 3,012,292 shares of the technology company’s stock valued at $115,706,000 after buying an additional 521,727 shares in the last quarter. Tredje AP fonden bought a new position in shares of SS&C Technologies in the second quarter valued at $263,000. Green Square Capital LLC bought a new position in shares of SS&C Technologies in the second quarter valued at $257,000. State of Wisconsin Investment Board increased its holdings in shares of SS&C Technologies by 7.4% in the third quarter. State of Wisconsin Investment Board now owns 157,385 shares of the technology company’s stock valued at $6,319,000 after buying an additional 10,885 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of SS&C Technologies by 302.7% in the second quarter. Bank of Montreal Can now owns 10,961 shares of the technology company’s stock valued at $421,000 after buying an additional 8,239 shares in the last quarter. 86.65% of the stock is currently owned by institutional investors.

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About SS&C Technologies

SS&C Technologies Holdings, Inc is a holding company. The Company is a provider of software products and software-enabled services that allow financial services providers to automate complex business processes and manage their information processing requirements. The Company’s portfolio of software products and software-enabled services allows its clients to automate and integrate front-office functions, such as trading and modeling, middle-office functions, such as portfolio management and reporting, and back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing.

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