Public Employees Retirement Association of Colorado Decreases Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Public Employees Retirement Association of Colorado trimmed its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 292,172 shares of the technology company’s stock after selling 970 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in SS&C Technologies were worth $22,141,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Virtu Financial LLC purchased a new stake in SS&C Technologies during the third quarter valued at about $372,000. SkyView Investment Advisors LLC boosted its holdings in SS&C Technologies by 2.2% in the 3rd quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company’s stock worth $475,000 after buying an additional 137 shares during the period. Boyar Asset Management Inc. purchased a new position in SS&C Technologies in the 3rd quarter valued at approximately $1,334,000. Wilmington Savings Fund Society FSB bought a new stake in SS&C Technologies during the 3rd quarter valued at $2,326,000. Finally, Tidal Investments LLC lifted its position in shares of SS&C Technologies by 111.4% during the third quarter. Tidal Investments LLC now owns 87,897 shares of the technology company’s stock worth $6,523,000 after acquiring an additional 46,323 shares in the last quarter. 96.95% of the stock is owned by institutional investors.

SS&C Technologies Stock Down 6.1 %

Shares of NASDAQ:SSNC opened at $72.69 on Monday. SS&C Technologies Holdings, Inc. has a 1 year low of $60.01 and a 1 year high of $89.73. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The stock’s 50-day moving average is $81.25 and its 200 day moving average is $78.60. The company has a market cap of $17.91 billion, a PE ratio of 24.23 and a beta of 1.31.

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

SS&C Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.25 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 1.38%. SS&C Technologies’s payout ratio is 31.06%.

Analyst Ratings Changes

SSNC has been the topic of a number of analyst reports. StockNews.com lowered SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday. DA Davidson decreased their price target on SS&C Technologies from $102.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. UBS Group raised their price objective 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. Royal Bank of Canada increased their target price on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, Raymond James cut their price target on shares of SS&C Technologies from $95.00 to $90.00 and set a “strong-buy” rating for the company in a report on Friday. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $92.71.

Insiders Place Their Bets

In other news, SVP Jason Douglas White sold 71,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total value of $6,316,160.00. Following the sale, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at $570,411.52. This represents a 91.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the transaction, the director now directly owns 23,200 shares of the company’s stock, valued at approximately $2,050,648. This trade represents a 49.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 16.40% of the company’s stock.

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.