SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) SVP Jason Douglas White Sells 71,000 Shares

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) SVP Jason Douglas White sold 71,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the sale, the senior vice president now directly owns 6,412 shares in the company, valued at $570,411.52. The trade was a 91.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Jason Douglas White also recently made the following trade(s):

• On Tuesday, November 26th, Jason Douglas White sold 69,000 shares of SS&C Technologies stock. The stock was sold at an average price of $77.07, for a total transaction of $5,317,830.00.

SS&C Technologies Stock Up 0.0 %

SSNC opened at $89.12 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The firm has a 50 day moving average price of $79.56 and a 200-day moving average price of $75.97. SS&C Technologies Holdings, Inc. has a twelve month low of $59.63 and a twelve month high of $89.25. The stock has a market capitalization of $22.07 billion, a price-to-earnings ratio of 29.71 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 for the quarter, beating the consensus estimate of $1.32 by $0.09. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. Equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued 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 yield of 1.12%. SS&C Technologies’s dividend payout ratio is currently 33.33%.

Institutional Trading of SS&C Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Toronto Dominion Bank increased its holdings in SS&C Technologies by 26.4% during the third quarter. Toronto Dominion Bank now owns 32,136 shares of the technology company’s stock valued at $2,385,000 after buying an additional 6,721 shares during the last quarter. State Street Corp increased its holdings in SS&C Technologies by 2.2% during the third quarter. State Street Corp now owns 5,624,174 shares of the technology company’s stock valued at $417,370,000 after buying an additional 121,223 shares during the last quarter. ZWJ Investment Counsel Inc. increased its holdings in SS&C Technologies by 3.5% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 330,352 shares of the technology company’s stock valued at $25,034,000 after buying an additional 11,077 shares during the last quarter. Benson Investment Management Company Inc. purchased a new stake in SS&C Technologies during the fourth quarter valued at approximately $5,578,000. Finally, Swedbank AB increased its holdings in SS&C Technologies by 17.5% during the fourth quarter. Swedbank AB now owns 1,753,236 shares of the technology company’s stock valued at $132,860,000 after buying an additional 261,275 shares during the last quarter. 96.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SSNC shares. Jefferies Financial Group raised shares of SS&C Technologies from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $70.00 to $94.00 in a research note on Monday, February 3rd. Needham & Company LLC upped 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. StockNews.com upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Royal Bank of Canada upped their target price on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, DA Davidson upped their target price 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. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, SS&C Technologies presently has an average rating of “Buy” and an average price target of $97.50.

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.