Insider Selling: SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Director Sells $453,450.00 in Stock

SS&C Technologies Holdings, Inc. (NASDAQ:SSNCGet Free Report) Director Michael Jay Zamkow sold 7,500 shares of SS&C Technologies stock in a transaction on Monday, June 17th. The stock was sold at an average price of $60.46, for a total transaction of $453,450.00. Following the sale, the director now owns 41,576 shares in the company, valued at approximately $2,513,684.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Michael Jay Zamkow also recently made the following trade(s):

  • On Thursday, May 23rd, Michael Jay Zamkow sold 10,000 shares of SS&C Technologies stock. The stock was sold at an average price of $61.92, for a total transaction of $619,200.00.
  • On Thursday, May 16th, Michael Jay Zamkow sold 10,000 shares of SS&C Technologies stock. The stock was sold at an average price of $63.94, for a total transaction of $639,400.00.
  • On Thursday, May 9th, Michael Jay Zamkow sold 5,000 shares of SS&C Technologies stock. The shares were sold at an average price of $63.14, for a total value of $315,700.00.

SS&C Technologies Trading Up 0.4 %

Shares of NASDAQ SSNC opened at $62.15 on Friday. SS&C Technologies Holdings, Inc. has a 1-year low of $46.61 and a 1-year high of $65.86. The company has a 50-day moving average of $61.88 and a two-hundred day moving average of $61.69. The company has a market cap of $15.37 billion, a PE ratio of 24.76 and a beta of 1.37. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.02.

SS&C Technologies (NASDAQ:SSNCGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The technology company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.03. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. SS&C Technologies had a net margin of 11.46% and a return on equity of 17.10%. As a group, equities analysts expect that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a $0.24 dividend. The ex-dividend date was Monday, June 3rd. This represents a $0.96 dividend on an annualized basis and a yield of 1.54%. SS&C Technologies’s payout ratio is 38.25%.

Institutional Trading of SS&C Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in SSNC. Pzena Investment Management LLC raised its stake in shares of SS&C Technologies by 0.3% during the first quarter. Pzena Investment Management LLC now owns 14,519,103 shares of the technology company’s stock worth $934,595,000 after buying an additional 46,211 shares during the last quarter. Burgundy Asset Management Ltd. raised its position in shares of SS&C Technologies by 0.5% during the 1st quarter. Burgundy Asset Management Ltd. now owns 4,740,742 shares of the technology company’s stock valued at $305,162,000 after acquiring an additional 23,950 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of SS&C Technologies by 1.5% in the 4th quarter. Franklin Resources Inc. now owns 3,871,753 shares of the technology company’s stock valued at $236,603,000 after purchasing an additional 56,002 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of SS&C Technologies by 0.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,860,256 shares of the technology company’s stock valued at $248,485,000 after purchasing an additional 25,183 shares during the period. Finally, Norges Bank bought a new position in shares of SS&C Technologies in the 4th quarter worth $168,860,000. 96.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SSNC shares. DA Davidson restated a “buy” rating and set a $78.00 target price on shares of SS&C Technologies in a research report on Tuesday, April 16th. TheStreet upgraded shares of SS&C Technologies from a “c+” rating to a “b” rating in a research note on Friday, February 23rd. Needham & Company LLC increased their target price on shares of SS&C Technologies from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, Jefferies Financial Group boosted their price target on shares of SS&C Technologies from $54.00 to $61.00 and gave the company a “hold” rating in a research report on Monday, April 29th. Three 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $70.20.

Check Out Our Latest Stock Report on SSNC

About SS&C Technologies

(Get Free Report)

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.

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