SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Position Trimmed by Cookson Peirce & Co. Inc.

Cookson Peirce & Co. Inc. lowered its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 248,953 shares of the technology company’s stock after selling 767 shares during the period. Cookson Peirce & Co. Inc.’s holdings in SS&C Technologies were worth $18,866,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC raised its position in shares of SS&C Technologies by 7,320.0% during the third quarter. International Assets Investment Management LLC now owns 2,226 shares of the technology company’s stock worth $165,000 after purchasing an additional 2,196 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in SS&C Technologies by 95.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 12,353 shares of the technology company’s stock worth $917,000 after purchasing an additional 6,027 shares in the last quarter. First Trust Direct Indexing L.P. acquired a new stake in SS&C Technologies during the 3rd quarter worth about $202,000. US Bancorp DE lifted its stake in SS&C Technologies by 1.9% during the third quarter. US Bancorp DE now owns 17,160 shares of the technology company’s stock valued at $1,273,000 after buying an additional 318 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in SS&C Technologies by 0.4% during the third quarter. Janney Montgomery Scott LLC now owns 46,282 shares of the technology company’s stock valued at $3,435,000 after buying an additional 196 shares in the last quarter. Institutional investors and hedge funds own 96.95% of the company’s stock.

SS&C Technologies Trading Down 2.2 %

Shares of NASDAQ:SSNC opened at $86.29 on Wednesday. The firm has a fifty day moving average of $81.63 and a two-hundred day moving average of $77.03. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a 12-month low of $59.63 and a 12-month high of $89.73. The firm has a market capitalization of $21.37 billion, a P/E ratio of 28.76 and a beta of 1.38.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. On average, equities analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.16%. SS&C Technologies’s dividend payout ratio is currently 33.33%.

Analysts Set New Price Targets

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

Insider Activity at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 23,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total value of $2,032,970.00. Following the completion of the sale, the director now directly owns 23,200 shares in the company, valued at approximately $2,050,648. This represents a 49.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO William C. Stone sold 132,700 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $76.85, for a total value of $10,197,995.00. Following the transaction, the chief executive officer now owns 31,837,926 shares in the company, valued at approximately $2,446,744,613.10. This trade represents a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 474,000 shares of company stock valued at $37,492,778. 15.40% of the stock is currently owned by corporate insiders.

About SS&C Technologies

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.