UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 145,113 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 11.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,139,996 shares of the technology company’s stock after selling 145,113 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in SS&C Technologies were worth $86,389,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Waverly Advisors LLC acquired a new stake in shares of SS&C Technologies in the fourth quarter valued at about $383,000. Vident Advisory LLC grew its holdings in SS&C Technologies by 6.1% during the fourth quarter. Vident Advisory LLC now owns 2,964 shares of the technology company’s stock worth $225,000 after purchasing an additional 170 shares during the period. Squarepoint Ops LLC bought a new position in SS&C Technologies during the fourth quarter worth about $1,841,000. Triavera Capital LLC bought a new position in SS&C Technologies during the fourth quarter worth about $8,288,000. Finally, True Wealth Design LLC grew its holdings in SS&C Technologies by 163.6% during the fourth quarter. True Wealth Design LLC now owns 551 shares of the technology company’s stock worth $42,000 after purchasing an additional 342 shares during the period. Institutional investors and hedge funds own 96.95% of the company’s stock.

SS&C Technologies Stock Up 1.1%

NASDAQ SSNC opened at $79.79 on Friday. 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 Holdings, Inc. has a 1-year low of $60.01 and a 1-year high of $89.73. The company has a 50 day moving average of $78.22 and a 200-day moving average of $79.19. The company has a market cap of $19.68 billion, a price-to-earnings ratio of 26.60 and a beta of 1.24.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.41 by $0.03. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the business earned $1.28 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. On average, equities research analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.25 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.00 annualized dividend and a yield of 1.25%. SS&C Technologies’s dividend payout ratio is currently 31.06%.

Insiders Place Their Bets

In other news, Director Michael Jay Zamkow sold 12,500 shares of the company’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $79.92, for a total transaction of $999,000.00. Following the completion of the transaction, the director now directly owns 12,476 shares in the company, valued at approximately $997,081.92. This represents a 50.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan E. Michael purchased 2,700 shares of the stock in a transaction dated Thursday, May 1st. The shares were bought at an average price of $75.53 per share, with a total value of $203,931.00. Following the completion of the acquisition, the director now directly owns 72,776 shares of the company’s stock, valued at approximately $5,496,771.28. This represents a 3.85% increase in their position. The disclosure for this purchase can be found here. Insiders own 16.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Royal Bank of Canada lifted their price target on SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Wall Street Zen upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 16th. DA Davidson cut their price objective on shares of SS&C Technologies from $100.00 to $94.00 and set a “buy” rating for the company in a research report on Monday, April 28th. Needham & Company LLC cut their price objective on shares of SS&C Technologies from $105.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Finally, UBS Group raised their price objective on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $91.86.

About SS&C Technologies

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.