SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC trimmed its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 13.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 98,259 shares of the technology company’s stock after selling 14,888 shares during the quarter. ProShare Advisors LLC’s holdings in SS&C Technologies were worth $7,446,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Boston Partners raised its stake in shares of SS&C Technologies by 283.1% during the fourth quarter. Boston Partners now owns 5,279,386 shares of the technology company’s stock worth $400,161,000 after purchasing an additional 3,901,227 shares during the last quarter. Norges Bank acquired a new position in SS&C Technologies in the 4th quarter valued at $205,475,000. Bank of America Corp DE raised its position in SS&C Technologies by 64.9% during the 4th quarter. Bank of America Corp DE now owns 2,235,142 shares of the technology company’s stock worth $169,379,000 after buying an additional 880,058 shares during the last quarter. Senator Investment Group LP lifted its stake in shares of SS&C Technologies by 133.7% in the 4th quarter. Senator Investment Group LP now owns 1,519,175 shares of the technology company’s stock worth $115,123,000 after acquiring an additional 869,175 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of SS&C Technologies by 52.4% in the fourth quarter. AQR Capital Management LLC now owns 2,270,232 shares of the technology company’s stock valued at $172,038,000 after acquiring an additional 780,616 shares in the last quarter. 96.95% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Stock Performance

Shares of SSNC stock opened at $79.60 on Monday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market cap of $19.63 billion, a PE ratio of 26.53 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a 1 year low of $60.01 and a 1 year high of $89.73. The stock has a fifty day moving average price of $78.40 and a 200 day moving average price of $78.97.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the firm earned $1.28 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SSNC. Needham & Company LLC cut their price target on shares of SS&C Technologies from $105.00 to $90.00 and set a “buy” rating for the company in a report on Friday, April 25th. Jefferies Financial Group raised SS&C Technologies from a “hold” rating to a “buy” rating and increased their target price for the stock from $70.00 to $94.00 in a research note on Monday, February 3rd. Royal Bank of Canada lifted their price target on SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. UBS Group increased their price objective on SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Finally, StockNews.com upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $91.86.

Insider Buying and Selling at SS&C Technologies

In other news, SVP Jason Douglas White sold 71,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was 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 in the company, valued at $570,411.52. This represents a 91.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan E. Michael acquired 2,700 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now owns 72,776 shares in the company, valued at $5,496,771.28. This represents a 3.85% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 106,500 shares of company stock valued at $9,348,130 over the last quarter. Corporate 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.