Trust Co. of Vermont Reduces Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Trust Co. of Vermont trimmed its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 9.4% in the 4th quarter, HoldingsChannel reports. The firm owned 5,720 shares of the technology company’s stock after selling 595 shares during the period. Trust Co. of Vermont’s holdings in SS&C Technologies were worth $433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of SSNC. Alhambra Investment Management LLC purchased a new stake in SS&C Technologies in the 4th quarter worth approximately $364,000. Integrated Investment Consultants LLC increased its stake in shares of SS&C Technologies by 14.8% in the fourth quarter. Integrated Investment Consultants LLC now owns 23,326 shares of the technology company’s stock worth $1,768,000 after purchasing an additional 3,006 shares in the last quarter. Arkadios Wealth Advisors bought a new stake in shares of SS&C Technologies during the 4th quarter valued at $215,000. Merit Financial Group LLC purchased a new position in shares of SS&C Technologies during the 4th quarter valued at $359,000. Finally, Wedge Capital Management L L P NC boosted its holdings in SS&C Technologies by 11.2% in the 4th quarter. Wedge Capital Management L L P NC now owns 57,241 shares of the technology company’s stock worth $4,338,000 after buying an additional 5,744 shares during the period. 96.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SSNC has been the topic of several research analyst reports. DA Davidson restated a “buy” rating and issued a $92.00 price objective on shares of SS&C Technologies in a research report on Thursday, October 10th. Raymond James boosted 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. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of SS&C Technologies in a report on Friday, October 25th. Finally, StockNews.com downgraded shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, SS&C Technologies has an average rating of “Moderate Buy” and a consensus target price of $77.75.

SS&C Technologies Price Performance

SS&C Technologies stock opened at $78.50 on Monday. SS&C Technologies Holdings, Inc. has a 52-week low of $59.20 and a 52-week high of $79.59. The company has a market cap of $19.44 billion, a price-to-earnings ratio of 28.14 and a beta of 1.37. The firm’s fifty day moving average is $75.98 and its 200 day moving average is $73.41. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates 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 last year, the firm earned $1.04 EPS. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. Sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Monday, December 2nd. SS&C Technologies’s dividend payout ratio is currently 35.84%.

Insider Activity at SS&C Technologies

In other SS&C Technologies news, SVP Jason Douglas White sold 69,000 shares of the business’s 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 $494,172.84. The trade was a 91.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO William C. Stone sold 247,300 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $76.61, for a total value of $18,945,653.00. Following the completion of the sale, 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 449,000 shares of company stock worth $34,461,478. Company insiders own 15.40% of the company’s stock.

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.