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

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) SVP Jason Douglas White sold 71,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total value of $6,316,160.00. Following the completion of the transaction, the senior vice president now owns 6,412 shares of the company’s stock, valued at approximately $570,411.52. This represents a 91.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 Trading Down 0.6 %

NASDAQ SSNC opened at $88.60 on Friday. 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’s 50-day simple moving average is $80.04 and its two-hundred day simple moving average is $76.20. SS&C Technologies Holdings, Inc. has a twelve month low of $59.63 and a twelve month high of $89.50. The company has a market capitalization of $21.94 billion, a price-to-earnings ratio of 29.53 and a beta of 1.38.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data 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%. Research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.25 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.13%. SS&C Technologies’s dividend payout ratio (DPR) is 33.33%.

Hedge Funds Weigh In On SS&C Technologies

Several institutional investors and hedge funds have recently made changes to their positions in SSNC. Kestra Investment Management LLC purchased a new stake in SS&C Technologies during the fourth quarter valued at about $39,000. Parkside Financial Bank & Trust boosted its holdings in SS&C Technologies by 76.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock valued at $40,000 after acquiring an additional 229 shares during the period. Colonial Trust Co SC grew its position in SS&C Technologies by 239.3% during the 4th quarter. Colonial Trust Co SC now owns 553 shares of the technology company’s stock worth $42,000 after acquiring an additional 390 shares during the last quarter. True Wealth Design LLC grew its position in SS&C Technologies by 163.6% during the 4th quarter. True Wealth Design LLC now owns 551 shares of the technology company’s stock worth $42,000 after acquiring an additional 342 shares during the last quarter. Finally, Financial Perspectives Inc purchased a new position in SS&C Technologies in the 4th quarter worth approximately $51,000. Institutional investors own 96.95% of the company’s stock.

Analyst Ratings Changes

SSNC has been the topic of a number of analyst reports. 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 report on Friday, February 7th. Raymond James upped their price target on shares of SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a report on Friday, February 7th. UBS Group lifted their price objective on SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. DA Davidson upped their target price on SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, Needham & Company LLC lifted their price target on SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, SS&C Technologies has a consensus 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.