SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) COO sells $30,143,454.70 worth of stock

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Get Your Free Report ) COO Rahul Kanwar sold 412,190 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $73.13, for a total transaction of $30,143,454.70. Following the transaction, the chief operating officer now owns 57,642 shares in the company, valued at $4,215,359.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

SS&C Technologies stock fell 0.2%

Shares of NASDAQ:SSNC opened at $73.40 on Friday. SS&C Technologies Holdings, Inc. has a 1 year low of $46.61 and a 1 year high of $73.97. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.16, and a quick ratio of 1.16. The company’s 50-day moving average is $67.04 and its 200-day moving average is $64.04. The company has a market cap of $18.01 billion, a price-to-earnings ratio of 29.24 and a beta of 1.38.

SS&C Technologies (NASDAQ:SSNC – Get Your Free Report ) last announced its quarterly earnings data on Thursday, July 25th. The technology company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.20 by $0.07. SS&C Technologies had a net margin of 12.33% and a return on equity of 17.43%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.43 billion. In the same quarter last year, the firm posted EPS of $0.96. The company’s quarterly revenue was up 6.5% year over year. Equities research analysts predict that SS&C Technologies Holdings, Inc. will post 4.66 earnings per share for the current year.

SS&C Technologies Raises Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.25 per share. This represents a dividend of $1.00 on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Tuesday, September 3rd. This is a boost from SS&C Technologies’ previous quarterly dividend of $0.24. SS&C Technologies’s dividend payout ratio is 38.25%.

Analyst upgrades and downgrades

A number of equities analysts recently commented on the company. Royal Bank of Canada lifted their price target on SS&C Technologies from $72.00 to $75.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Needham & Company LLC upped their target price on shares of SS&C Technologies from $74.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Jefferies Financial Group boosted their target price on shares of SS&C Technologies from $54.00 to $61.00 and gave the company a “hold” rating in a report on Monday, April 29th. Finally, DA Davidson boosted their price target on SS&C Technologies from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Moderate Buy” and an average price target of $70.75, according to MarketBeat.

Get the latest research report on SSNC

Institutional Trading of SS&C Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quent Capital LLC raised its stake in SS&C Technologies by 76.8% in the first quarter. Quent Capital LLC now owns 396 shares of the technology company’s stock valued at $25,000 after acquiring an additional 172 shares during the period. Inçalta Capital LLC purchased a new stake in SS&C Technologies in the second quarter valued at $26,000. ST Germain DJ Co. Inc. bought a new stake in SS&C Technologies in the 1st quarter valued at $27,000. Ashton Thomas Private Wealth LLC acquired a new position in SS&C Technologies in the second quarter valued at $35,000. Finally, Benjamin Edwards Inc. raised its stake in shares of SS&C Technologies by 43.3% in the second quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company’s stock valued at $42,000 after buying an additional 204 shares in the last quarter. 96.95% of shares are held by institutional investors.

SS&C Technologies Company Profile

(Get a free report)

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to the financial services and healthcare industries. The company owns and operates a technology stack in securities accounting; front-office functions such as trading and modeling; middle-office functions including portfolio management and reporting; back-office functions such as accounting, performance measurement, reconciliation, reporting, processing and clearing, as well as compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefits management, care management and business intelligence solutions.

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