Insider Selling: SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Director Sells 12,500 Shares of Stock

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Director Michael Jay Zamkow sold 12,500 shares of the business’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 sale, the director now owns 12,476 shares in the company, valued at $997,081.92. This represents a 50.05% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, February 25th, Michael Jay Zamkow sold 23,000 shares of SS&C Technologies stock. The stock was sold at an average price of $88.39, for a total transaction of $2,032,970.00.

SS&C Technologies Price Performance

SSNC opened at $79.60 on Friday. 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 has a market capitalization of $19.63 billion, a P/E ratio of 26.53 and a beta of 1.24. The company’s 50 day simple moving average is $78.40 and its 200-day simple moving average is $78.85. SS&C Technologies Holdings, Inc. has a one year low of $60.01 and a one year high of $89.73.

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 analysts’ consensus estimates of $1.41 by $0.03. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $1.28 EPS. Sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SSNC. Royal Bank of Canada upped their price objective 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. Needham & Company LLC reduced their target price on SS&C Technologies from $105.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Jefferies Financial Group upgraded SS&C Technologies from a “hold” rating to a “buy” rating and increased their price target for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $86.00 price objective (down previously from $90.00) on shares of SS&C Technologies in a research report on Friday, April 25th. Finally, StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Friday. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, SS&C Technologies presently has an average rating of “Buy” and a consensus target price of $91.86.

Hedge Funds Weigh In On SS&C Technologies

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in SS&C Technologies by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 20,401,466 shares of the technology company’s stock valued at $1,704,134,000 after purchasing an additional 186,440 shares during the period. Janus Henderson Group PLC raised its stake in shares of SS&C Technologies by 3.4% during the fourth quarter. Janus Henderson Group PLC now owns 16,598,958 shares of the technology company’s stock worth $1,257,869,000 after buying an additional 539,483 shares during the last quarter. Boston Partners lifted its holdings in SS&C Technologies by 283.1% in the fourth quarter. Boston Partners now owns 5,279,386 shares of the technology company’s stock valued at $400,161,000 after buying an additional 3,901,227 shares during the period. Burgundy Asset Management Ltd. boosted its stake in SS&C Technologies by 3.6% in the first quarter. Burgundy Asset Management Ltd. now owns 5,186,307 shares of the technology company’s stock valued at $433,212,000 after acquiring an additional 182,200 shares during the last quarter. Finally, Cantillon Capital Management LLC grew its holdings in SS&C Technologies by 0.6% during the 4th quarter. Cantillon Capital Management LLC now owns 4,533,081 shares of the technology company’s stock worth $343,517,000 after acquiring an additional 25,895 shares during the period. Institutional investors own 96.95% of the company’s stock.

SS&C Technologies Company 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.