Insider Selling: SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Director Sells $619,200.00 in Stock

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Director Michael Jay Zamkow sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $61.92, for a total value of $619,200.00. Following the transaction, the director now directly owns 38,000 shares of the company’s stock, valued at approximately $2,352,960. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Michael Jay Zamkow also recently made the following trade(s):

• On Thursday, May 16th, Michael Jay Zamkow sold 10,000 shares of SS&C Technologies stock. The shares were sold at an average price of $63.94, for a total value of $639,400.00.
• On Thursday, May 9th, Michael Jay Zamkow sold 5,000 shares of SS&C Technologies stock. The shares were sold at an average price of $63.14, for a total value of $315,700.00.

SS&C Technologies Stock Performance

SSNC stock opened at $61.82 on Monday. The company has a market cap of $15.29 billion, a P/E ratio of 24.63 and a beta of 1.42. SS&C Technologies Holdings, Inc. has a 1 year low of $46.61 and a 1 year high of $65.86. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. The stock’s fifty day moving average price is $62.55 and its 200-day moving average price is $60.91.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, April 25th. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.03. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.42 billion. SS&C Technologies had a return on equity of 17.10% and a net margin of 11.46%. On average, equities analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current year.

SS&C Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $0.96 annualized dividend and a yield of 1.55%. SS&C Technologies’s dividend payout ratio (DPR) is presently 38.25%.

Analyst Upgrades and Downgrades

Several brokerages have commented on SSNC. Needham & Company LLC increased their target price on SS&C Technologies from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, April 26th. StockNews.com upgraded SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 29th. Citigroup increased their target price on SS&C Technologies from $70.00 to $71.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. TheStreet upgraded SS&C Technologies from a “c+” rating to a “b” rating in a research note on Friday, February 23rd. Finally, DA Davidson reiterated a “buy” rating and set a $78.00 target price on shares of SS&C Technologies in a research note on Tuesday, April 16th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, SS&C Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.20.

Hedge Funds Weigh In On SS&C Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cetera Advisors LLC purchased a new position in SS&C Technologies during the first quarter valued at $343,000. PGGM Investments lifted its position in SS&C Technologies by 3.1% during the first quarter. PGGM Investments now owns 44,694 shares of the technology company’s stock valued at $2,877,000 after purchasing an additional 1,336 shares in the last quarter. Burney Co. lifted its position in SS&C Technologies by 294.9% during the first quarter. Burney Co. now owns 183,873 shares of the technology company’s stock valued at $11,836,000 after purchasing an additional 137,306 shares in the last quarter. Swedbank AB bought a new stake in SS&C Technologies during the first quarter valued at about $94,939,000. Finally, Delphi Management Inc. MA bought a new stake in SS&C Technologies during the first quarter valued at about $1,366,000. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

About SS&C Technologies

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.