Incline Global Management LLC Sells 68,474 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Incline Global Management LLC decreased its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 39.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 103,135 shares of the technology company’s stock after selling 68,474 shares during the quarter. SS&C Technologies makes up 3.4% of Incline Global Management LLC’s portfolio, making the stock its 22nd biggest holding. Incline Global Management LLC’s holdings in SS&C Technologies were worth $7,654,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC lifted its holdings in SS&C Technologies by 5.4% in the third quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company’s stock valued at $1,191,774,000 after acquiring an additional 817,501 shares during the period. Diamond Hill Capital Management Inc. lifted its holdings in SS&C Technologies by 0.7% in the second quarter. Diamond Hill Capital Management Inc. now owns 7,798,723 shares of the technology company’s stock valued at $488,746,000 after acquiring an additional 53,080 shares during the period. Burgundy Asset Management Ltd. lifted its holdings in SS&C Technologies by 4.3% in the second quarter. Burgundy Asset Management Ltd. now owns 4,942,374 shares of the technology company’s stock valued at $309,739,000 after acquiring an additional 201,632 shares during the period. FMR LLC lifted its holdings in SS&C Technologies by 1.5% in the third quarter. FMR LLC now owns 3,984,057 shares of the technology company’s stock valued at $295,657,000 after acquiring an additional 58,389 shares during the period. Finally, Millennium Management LLC lifted its holdings in SS&C Technologies by 49.2% in the second quarter. Millennium Management LLC now owns 3,399,874 shares of the technology company’s stock valued at $213,070,000 after acquiring an additional 1,120,961 shares during the period. Institutional investors own 96.95% of the company’s stock.

Insiders Place Their Bets

In other news, Director Normand A. Boulanger sold 130,000 shares of SS&C Technologies stock in a transaction on Monday, September 16th. The stock was sold at an average price of $75.38, for a total value of $9,799,400.00. Following the transaction, the director now directly owns 333,576 shares in the company, valued at approximately $25,144,958.88. This trade represents a 28.04 % decrease in their position. The sale was disclosed in a legal 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 on Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total value 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 $494,172.84. This represents a 91.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 218,000 shares of company stock worth $16,560,660 in the last ninety days. 15.40% of the stock is owned by company insiders.

SS&C Technologies Trading Down 0.1 %

Shares of NASDAQ:SSNC traded down $0.11 during trading on Tuesday, hitting $76.98. The company had a trading volume of 1,029,838 shares, compared to its average volume of 1,381,162. SS&C Technologies Holdings, Inc. has a one year low of $56.10 and a one year high of $77.69. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market cap of $19.07 billion, a price-to-earnings ratio of 27.59 and a beta of 1.38. The company has a fifty day simple moving average of $74.29 and a two-hundred day simple moving average of $70.01.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.03. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the company earned $1.04 EPS. SS&C Technologies’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, equities analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 1.30%. SS&C Technologies’s payout ratio is currently 35.84%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. StockNews.com downgraded SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of SS&C Technologies in a research report on Friday, October 25th. Royal Bank of Canada increased their target price on SS&C Technologies from $75.00 to $86.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. DA Davidson reissued a “buy” rating and set a $92.00 price target on shares of SS&C Technologies in a research note on Thursday, October 10th. Finally, Raymond James increased their price target on SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, SS&C Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $77.75.

About SS&C Technologies

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.