SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Kennon Green & Company LLC

Kennon Green & Company LLC decreased its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 75,186 shares of the technology company’s stock after selling 1,053 shares during the period. SS&C Technologies accounts for 4.9% of Kennon Green & Company LLC’s portfolio, making the stock its 7th largest position. Kennon Green & Company LLC’s holdings in SS&C Technologies were worth $5,698,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of SSNC. Kestra Investment Management LLC acquired a new position in SS&C Technologies during the fourth quarter worth approximately $39,000. Financial Perspectives Inc acquired a new position in SS&C Technologies during the fourth quarter worth approximately $51,000. CENTRAL TRUST Co acquired a new position in SS&C Technologies during the fourth quarter worth approximately $65,000. Global X Japan Co. Ltd. increased its position in SS&C Technologies by 193.3% during the fourth quarter. Global X Japan Co. Ltd. now owns 871 shares of the technology company’s stock worth $66,000 after purchasing an additional 574 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in SS&C Technologies during the third quarter worth approximately $68,000. Institutional investors and hedge funds own 96.95% of the company’s stock.

Insider Buying and Selling

In other SS&C Technologies news, CEO William C. Stone sold 247,300 shares of SS&C Technologies stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $76.61, for a total value of $18,945,653.00. Following the transaction, the chief executive officer now owns 31,837,926 shares in the company, valued at approximately $2,439,103,510.86. The trade was a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 6,412 shares in the company, valued at approximately $494,172.84. This trade represents a 91.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 520,000 shares of company stock valued at $40,777,638 over the last quarter. Corporate insiders own 15.40% of the company’s stock.

SS&C Technologies Stock Performance

SSNC opened at $88.60 on Friday. The business’s 50 day moving average is $80.04 and its 200-day moving average is $76.20. The stock has a market cap of $21.94 billion, a PE ratio of 29.53 and a beta of 1.38. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a twelve month low of $59.63 and a twelve month high of $89.50.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share 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, analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SSNC. Royal Bank of Canada upped their price target on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. DA Davidson upped their target price on shares of SS&C Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Needham & Company LLC increased their price objective on shares of SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Raymond James increased their price objective 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. Finally, UBS Group increased their target price on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, SS&C Technologies has an average rating of “Buy” and a consensus 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.