SS&C Technologies Holdings, Inc. (SSNC) CFO Sells $807,800.00 in Stock

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) CFO Patrick J. Pedonti sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $40.39, for a total transaction of $807,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of SS&C Technologies Holdings, Inc. (NASDAQ SSNC) opened at $41.85 on Friday. SS&C Technologies Holdings, Inc. has a one year low of $29.54 and a one year high of $42.50. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.87. The company has a market cap of $8,450.58, a price-to-earnings ratio of 39.86, a PEG ratio of 1.38 and a beta of 1.07.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data 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 net margin of 13.47% and a return on equity of 15.32%. The business had revenue of $419.60 million during the quarter, compared to the consensus estimate of $424.14 million. During the same period in the previous year, the firm posted $0.42 earnings per share. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. research analysts predict that SS&C Technologies Holdings, Inc. will post 1.78 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a dividend of $0.07 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.28 annualized dividend and a dividend yield of 0.67%. SS&C Technologies’s payout ratio is currently 26.67%.

Several large investors have recently bought and sold shares of the company. Atlantic Trust Group LLC acquired a new stake in shares of SS&C Technologies during the third quarter worth $55,411,000. Burgundy Asset Management Ltd. lifted its stake in shares of SS&C Technologies by 2.6% during the third quarter. Burgundy Asset Management Ltd. now owns 2,652,366 shares of the technology company’s stock worth $106,492,000 after buying an additional 68,110 shares during the period. Alkeon Capital Management LLC lifted its stake in shares of SS&C Technologies by 0.8% during the third quarter. Alkeon Capital Management LLC now owns 2,627,211 shares of the technology company’s stock worth $105,483,000 after buying an additional 20,000 shares during the period. Crestline Management LP acquired a new stake in shares of SS&C Technologies during the third quarter worth $673,000. Finally, PEAK6 Investments L.P. lifted its stake in shares of SS&C Technologies by 177.1% during the third quarter. PEAK6 Investments L.P. now owns 6,909 shares of the technology company’s stock worth $277,000 after buying an additional 15,875 shares during the period. Institutional investors and hedge funds own 86.13% of the company’s stock.

Several equities research analysts have weighed in on SSNC shares. DA Davidson started coverage on shares of SS&C Technologies in a research note on Thursday, September 14th. They issued a “buy” rating and a $43.00 target price for the company. UBS Group restated a “buy” rating and issued a $49.00 target price on shares of SS&C Technologies in a research note on Thursday, December 14th. Needham & Company LLC restated a “buy” rating on shares of SS&C Technologies in a research note on Friday, October 27th. Jefferies Group restated a “buy” rating on shares of SS&C Technologies in a research note on Tuesday, October 3rd. Finally, Zacks Investment Research downgraded shares of SS&C Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $43.82.

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SS&C Technologies Company Profile

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.

Insider Buying and Selling by Quarter for SS&C Technologies (NASDAQ:SSNC)

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