SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Trust Co. of Vermont

Trust Co. of Vermont lowered its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 16.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,321 shares of the technology company’s stock after selling 1,231 shares during the quarter. Trust Co. of Vermont’s holdings in SS&C Technologies were worth $396,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Quent Capital LLC increased its holdings in shares of SS&C Technologies by 76.8% in the 1st quarter. Quent Capital LLC now owns 396 shares of the technology company’s stock valued at $25,000 after acquiring an additional 172 shares during the period. ST Germain D J Co. Inc. purchased a new position in SS&C Technologies in the 1st quarter valued at $27,000. Versant Capital Management Inc grew its position in SS&C Technologies by 6,300.0% in the 2nd quarter. Versant Capital Management Inc now owns 704 shares of the technology company’s stock valued at $44,000 after buying an additional 693 shares during the last quarter. Denali Advisors LLC purchased a new position in SS&C Technologies in the 1st quarter valued at $51,000. Finally, Principal Securities Inc. purchased a new position in SS&C Technologies in the 4th quarter valued at $53,000. 96.95% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Trading Up 0.1 %

SSNC traded up $0.07 on Tuesday, reaching $69.33. 1,291,734 shares of the company’s stock were exchanged, compared to its average volume of 991,628. The company’s 50 day moving average is $64.60 and its 200-day moving average is $63.21. The company has a market cap of $17.15 billion, a price-to-earnings ratio of 27.62 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a twelve month low of $46.61 and a twelve month high of $73.97. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, July 25th. The technology company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.07. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.43 billion. SS&C Technologies had a return on equity of 17.52% and a net margin of 12.33%. SS&C Technologies’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.96 EPS. Equities analysts predict that SS&C Technologies Holdings, Inc. will post 4.66 earnings per share for the current year.

SS&C Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Monday, June 3rd. SS&C Technologies’s dividend payout ratio (DPR) is currently 38.25%.

Wall Street Analyst Weigh In

SSNC has been the topic of several research analyst reports. DA Davidson boosted their target price on shares of SS&C Technologies from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Needham & Company LLC boosted their target price on shares of SS&C Technologies from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Royal Bank of Canada boosted their target price on shares of SS&C Technologies from $72.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Jefferies Financial Group boosted their price objective on shares of SS&C Technologies from $54.00 to $61.00 and gave the stock a “hold” rating in a research report on Monday, April 29th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $70.75.

Insider Activity

In other news, Director Michael Jay Zamkow sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $63.94, for a total transaction of $639,400.00. Following the completion of the transaction, the director now directly owns 38,000 shares in the company, valued at approximately $2,429,720. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last three months, insiders sold 32,500 shares of company stock worth $2,027,750. 15.40% of the stock is currently owned by insiders.

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 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.