SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. trimmed its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,721,872 shares of the technology company’s stock after selling 75,157 shares during the quarter. Franklin Resources Inc.’s holdings in SS&C Technologies were worth $206,263,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Toronto Dominion Bank raised its holdings in SS&C Technologies by 26.4% in the 3rd quarter. Toronto Dominion Bank now owns 32,136 shares of the technology company’s stock valued at $2,385,000 after acquiring an additional 6,721 shares during the last quarter. Truist Financial Corp increased its holdings in shares of SS&C Technologies by 82.0% in the fourth quarter. Truist Financial Corp now owns 19,078 shares of the technology company’s stock valued at $1,446,000 after purchasing an additional 8,598 shares during the last quarter. State Street Corp lifted its position in SS&C Technologies by 2.2% during the third quarter. State Street Corp now owns 5,624,174 shares of the technology company’s stock worth $417,370,000 after buying an additional 121,223 shares in the last quarter. Thompson Siegel & Walmsley LLC boosted its stake in SS&C Technologies by 993.0% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 355,286 shares of the technology company’s stock worth $26,924,000 after buying an additional 322,781 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. grew its holdings in SS&C Technologies by 3.5% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 330,352 shares of the technology company’s stock valued at $25,034,000 after buying an additional 11,077 shares in the last quarter. 96.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at SS&C Technologies

In related news, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction on 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 directly owns 6,412 shares in the company, valued at approximately $570,411.52. This trade represents a 91.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total value of $2,032,970.00. Following the sale, the director now owns 23,200 shares in the company, valued at approximately $2,050,648. This trade represents a 49.78 % decrease in their position. The disclosure for this sale can be found here. 15.40% of the stock is currently owned by corporate insiders.

SS&C Technologies Stock Down 0.6 %

NASDAQ:SSNC opened at $83.00 on Wednesday. SS&C Technologies Holdings, Inc. has a 52 week low of $59.63 and a 52 week high of $89.73. The stock’s fifty day moving average is $84.30 and its two-hundred day moving average is $78.42. The stock has a market capitalization of $20.46 billion, a price-to-earnings ratio of 27.67 and a beta of 1.36. 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 earnings results on Thursday, February 6th. The technology company reported $1.41 EPS 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 anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.20%. The ex-dividend date was Monday, March 3rd. SS&C Technologies’s payout ratio is currently 33.33%.

Analyst Ratings Changes

Several research analysts have recently commented on SSNC shares. Royal Bank of Canada lifted their price target on SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. DA Davidson boosted their target price on shares of SS&C Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a report on Monday, February 10th. Jefferies Financial Group upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and raised their price target for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. Needham & Company LLC upped their price objective on SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, UBS Group raised their target price on SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $97.50.

SS&C Technologies Profile

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.