SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 13.8% during the third quarter, HoldingsChannel reports. The fund owned 496,310 shares of the technology company’s stock after selling 79,669 shares during the quarter. JPMorgan Chase & Co.’s holdings in SS&C Technologies were worth $36,831,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Tidal Investments LLC raised its stake in shares of SS&C Technologies by 111.4% during the 3rd quarter. Tidal Investments LLC now owns 87,897 shares of the technology company’s stock worth $6,523,000 after buying an additional 46,323 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in SS&C Technologies in the third quarter worth $2,326,000. Sanctuary Advisors LLC lifted its holdings in SS&C Technologies by 7.4% in the third quarter. Sanctuary Advisors LLC now owns 33,375 shares of the technology company’s stock valued at $2,541,000 after acquiring an additional 2,287 shares during the period. Boyar Asset Management Inc. purchased a new stake in shares of SS&C Technologies during the 3rd quarter worth $1,334,000. Finally, SkyView Investment Advisors LLC grew its stake in shares of SS&C Technologies by 2.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company’s stock worth $475,000 after purchasing an additional 137 shares during the period. 96.95% of the stock is owned by hedge funds and other institutional investors.

SS&C Technologies Stock Performance

NASDAQ SSNC opened at $75.70 on Tuesday. 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 stock has a market cap of $18.75 billion, a price-to-earnings ratio of 27.13 and a beta of 1.37. SS&C Technologies Holdings, Inc. has a fifty-two week low of $59.18 and a fifty-two week high of $77.69. The business has a fifty day moving average of $75.11 and a 200-day moving average of $72.51.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.03. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.33%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the company posted $1.04 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Monday, December 2nd. SS&C Technologies’s payout ratio is currently 35.84%.

Wall Street Analyst Weigh In

A number of research firms recently commented on SSNC. Royal Bank of Canada boosted their price objective on shares of SS&C Technologies from $75.00 to $86.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. Raymond James upped their price target on SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. StockNews.com cut SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of SS&C Technologies in a report on Friday, October 25th. Finally, DA Davidson restated a “buy” rating and issued a $92.00 price target on shares of SS&C Technologies in a research report on Thursday, October 10th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $77.75.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, CEO William C. Stone sold 132,700 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $76.85, for a total transaction of $10,197,995.00. Following the transaction, the chief executive officer now owns 31,837,926 shares of the company’s stock, valued at $2,446,744,613.10. This trade represents a 0.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jason Douglas White sold 69,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the sale, the senior vice president now directly owns 6,412 shares in the company, valued at $494,172.84. This trade represents a 91.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 449,000 shares of company stock worth $34,461,478 in the last three months. 15.40% of the stock is currently owned by company insiders.

SS&C Technologies 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.