SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Director Normand A. Boulanger Sells 20,000 Shares

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Director Normand A. Boulanger sold 20,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $55.19, for a total value of $1,103,800.00. Following the transaction, the director now directly owns 380,000 shares of the company’s stock, valued at approximately $20,972,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

SS&C Technologies Trading Up 1.6 %

Shares of SSNC opened at $55.50 on Friday. The stock’s 50-day moving average is $57.71 and its two-hundred day moving average is $57.14. The stock has a market cap of $13.77 billion, a PE ratio of 22.93 and a beta of 1.41. SS&C Technologies Holdings, Inc. has a 12 month low of $45.25 and a 12 month high of $64.52. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.19 and a quick ratio of 1.19.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data on Thursday, July 27th. The technology company reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.05). The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.36 billion. SS&C Technologies had a return on equity of 17.56% and a net margin of 11.59%. Equities analysts forecast that SS&C Technologies Holdings, Inc. will post 4.2 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a $0.24 dividend. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.96 annualized dividend and a dividend yield of 1.73%. SS&C Technologies’s payout ratio is 39.67%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. DA Davidson lowered their price objective on SS&C Technologies from $74.00 to $70.00 and set a “buy” rating for the company in a research report on Monday, July 31st. Raymond James lowered their price objective on SS&C Technologies from $74.00 to $71.00 in a research report on Friday, July 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $71.00 price objective on shares of SS&C Technologies in a research report on Friday, July 28th. StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 25th. Finally, TheStreet cut SS&C Technologies from a “b-” rating to a “c+” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, SS&C Technologies currently has an average rating of “Buy” and an average target price of $66.11.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SSNC. Price T Rowe Associates Inc. MD lifted its stake in shares of SS&C Technologies by 482.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,727,873 shares of the technology company’s stock worth $210,514,000 after acquiring an additional 3,088,224 shares in the last quarter. Norges Bank acquired a new position in shares of SS&C Technologies in the fourth quarter worth about $124,570,000. Shapiro Capital Management LLC acquired a new position in shares of SS&C Technologies in the fourth quarter worth about $118,298,000. Durable Capital Partners LP acquired a new position in shares of SS&C Technologies in the second quarter worth about $121,640,000. Finally, Capital World Investors bought a new stake in SS&C Technologies in the first quarter valued at about $103,226,000. Institutional investors and hedge funds own 82.17% of the company’s stock.

SS&C Technologies Company 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 include 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 comprising claims adjudication, benefit management, care management, and business intelligence solutions.