SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) CFO Sells $807,800.00 in Stock

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) CFO Patrick J. Pedonti sold 20,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $40.39, for a total value of $807,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of SS&C Technologies Holdings, Inc. (SSNC) opened at $49.47 on Friday. The company has a market capitalization of $10,180.00, a P/E ratio of 47.11, a price-to-earnings-growth ratio of 1.66 and a beta of 1.08. SS&C Technologies Holdings, Inc. has a one year low of $30.82 and a one year high of $51.39. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.96 and a current ratio of 0.96.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Wednesday, October 25th. The technology company reported $0.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.50. The business had revenue of $419.60 million during the quarter, compared to the consensus estimate of $424.14 million. SS&C Technologies had a return on equity of 15.32% and a net margin of 13.47%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 EPS. equities research analysts predict that SS&C Technologies Holdings, Inc. will post 1.78 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Thursday, November 30th. SS&C Technologies’s dividend payout ratio (DPR) is 26.67%.

Several research firms have recently weighed in on SSNC. Needham & Company LLC reissued a “buy” rating and issued a $60.00 target price (up from $44.00) on shares of SS&C Technologies in a report on Friday. Jefferies Group reissued a “buy” rating on shares of SS&C Technologies in a report on Friday. DA Davidson boosted their target price on SS&C Technologies to $54.00 and gave the company a “buy” rating in a report on Friday. Royal Bank of Canada boosted their target price on SS&C Technologies to $60.00 and gave the company an “outperform” rating in a report on Friday. Finally, JPMorgan Chase & Co. raised SS&C Technologies from a “neutral” rating to an “overweight” rating in a research note on Thursday. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $48.18.

Hedge funds have recently modified their holdings of the company. State Street Corp raised its stake in shares of SS&C Technologies by 20.9% during the 2nd quarter. State Street Corp now owns 3,012,292 shares of the technology company’s stock worth $115,706,000 after buying an additional 521,727 shares in the last quarter. Tredje AP fonden purchased a new position in shares of SS&C Technologies during the 2nd quarter worth approximately $263,000. Green Square Capital LLC purchased a new position in shares of SS&C Technologies during the 2nd quarter worth approximately $257,000. State of Wisconsin Investment Board raised its stake in shares of SS&C Technologies by 7.4% during the 3rd quarter. State of Wisconsin Investment Board now owns 157,385 shares of the technology company’s stock worth $6,319,000 after buying an additional 10,885 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its stake in shares of SS&C Technologies by 138.3% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 238,338 shares of the technology company’s stock worth $9,569,000 after buying an additional 138,338 shares in the last quarter. 86.13% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) CFO Sells $807,800.00 in Stock” was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/01/13/ssc-technologies-holdings-inc-ssnc-cfo-sells-807800-00-in-stock.html.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc is a holding company. The Company is a provider of software products and software-enabled services that allow financial services providers to automate complex business processes and manage their information processing requirements. The Company’s portfolio of software products and software-enabled services allows its clients to automate and integrate front-office functions, such as trading and modeling, middle-office functions, such as portfolio management and reporting, and back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing.

Insider Buying and Selling by Quarter for SS&C Technologies (NASDAQ:SSNC)

Receive News & Ratings for SS&C Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SS&C Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply