Amalgamated Bank Has $832,000 Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Amalgamated Bank trimmed its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,974 shares of the technology company’s stock after selling 321 shares during the quarter. Amalgamated Bank’s holdings in SS&C Technologies were worth $832,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its holdings in SS&C Technologies by 5.4% in the third quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company’s stock valued at $1,191,774,000 after purchasing an additional 817,501 shares during the period. State Street Corp grew its position in shares of SS&C Technologies by 2.2% in the 3rd quarter. State Street Corp now owns 5,624,174 shares of the technology company’s stock valued at $417,370,000 after buying an additional 121,223 shares during the last quarter. FMR LLC increased its stake in shares of SS&C Technologies by 1.5% in the third quarter. FMR LLC now owns 3,984,057 shares of the technology company’s stock valued at $295,657,000 after buying an additional 58,389 shares during the period. Geode Capital Management LLC raised its position in shares of SS&C Technologies by 1.8% during the third quarter. Geode Capital Management LLC now owns 3,621,022 shares of the technology company’s stock worth $268,075,000 after acquiring an additional 64,299 shares during the last quarter. Finally, Alkeon Capital Management LLC lifted its stake in shares of SS&C Technologies by 9.4% in the third quarter. Alkeon Capital Management LLC now owns 2,316,252 shares of the technology company’s stock worth $171,889,000 after acquiring an additional 198,111 shares during the period. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Michael Jay Zamkow sold 23,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were 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 $2,050,648. This represents a 49.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO William C. Stone sold 247,300 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $76.61, for a total transaction of $18,945,653.00. Following the completion of the transaction, the chief executive officer now directly owns 31,837,926 shares in the company, valued at approximately $2,439,103,510.86. The trade was a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 474,000 shares of company stock worth $37,492,778 in the last ninety days. Corporate insiders own 15.40% of the company’s stock.

SS&C Technologies Trading Down 0.9 %

NASDAQ:SSNC opened at $88.22 on Tuesday. The firm has a fifty day simple moving average of $81.37 and a two-hundred day simple moving average of $76.92. SS&C Technologies Holdings, Inc. has a 12 month low of $59.63 and a 12 month high of $89.73. The stock has a market capitalization of $21.85 billion, a price-to-earnings ratio of 29.41 and a beta of 1.38. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. Analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

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

Wall Street Analyst Weigh In

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