Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 11,700 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 15.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,757 shares of the technology company’s stock after selling 11,700 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in SS&C Technologies were worth $4,983,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. SkyView Investment Advisors LLC raised its position in SS&C Technologies by 2.2% in the third quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company’s stock worth $475,000 after acquiring an additional 137 shares during the period. Global Retirement Partners LLC grew its holdings in SS&C Technologies by 11.8% during the fourth quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company’s stock valued at $107,000 after purchasing an additional 149 shares during the period. Legacy Capital Group California Inc. increased its position in SS&C Technologies by 5.8% in the fourth quarter. Legacy Capital Group California Inc. now owns 3,003 shares of the technology company’s stock worth $228,000 after buying an additional 164 shares in the last quarter. Foundations Investment Advisors LLC raised its stake in shares of SS&C Technologies by 5.6% in the fourth quarter. Foundations Investment Advisors LLC now owns 3,249 shares of the technology company’s stock worth $246,000 after buying an additional 171 shares during the period. Finally, Janney Montgomery Scott LLC grew its stake in shares of SS&C Technologies by 0.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 46,282 shares of the technology company’s stock valued at $3,435,000 after acquiring an additional 196 shares during the period. 96.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SSNC has been the topic of a number of recent analyst reports. Needham & Company LLC raised their target price on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. DA Davidson increased their price objective on shares of SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. UBS Group lifted their target price on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Raymond James increased their price target on SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 7th. Finally, Jefferies Financial Group upgraded SS&C Technologies from a “hold” rating to a “buy” rating and boosted their price objective for the company from $70.00 to $94.00 in a research report on Monday, February 3rd. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, SS&C Technologies presently has an average rating of “Buy” and a consensus price target of $97.50.

Insider Activity at SS&C Technologies

In related news, SVP Jason Douglas White sold 71,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total value of $6,316,160.00. Following the completion of the transaction, the senior vice president now owns 6,412 shares of the company’s stock, valued at approximately $570,411.52. This trade represents a 91.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William C. Stone sold 247,300 shares of SS&C Technologies stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $76.61, for a total value of $18,945,653.00. Following the completion of the transaction, the chief executive officer now owns 31,837,926 shares of the company’s stock, valued at approximately $2,439,103,510.86. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 451,000 shares of company stock valued at $35,459,808. 15.40% of the stock is owned by corporate insiders.

SS&C Technologies Stock Performance

Shares of NASDAQ SSNC opened at $88.45 on Wednesday. The firm’s fifty day moving average is $80.54 and its two-hundred day moving average is $76.55. SS&C Technologies Holdings, Inc. has a 52-week low of $59.63 and a 52-week high of $89.50. The company has a market cap of $21.91 billion, a P/E ratio of 29.48 and a beta of 1.38. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping 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%. As a group, analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.25 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.13%. SS&C Technologies’s dividend payout ratio is currently 33.33%.

SS&C Technologies Profile

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.