Ontario Teachers Pension Plan Board Lowers Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Ontario Teachers Pension Plan Board lessened its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 59.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,239 shares of the technology company’s stock after selling 7,830 shares during the period. Ontario Teachers Pension Plan Board’s holdings in SS&C Technologies were worth $337,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp raised its position in SS&C Technologies by 1.4% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 269,447 shares of the technology company’s stock valued at $17,213,000 after purchasing an additional 3,607 shares during the period. Motco acquired a new position in SS&C Technologies during the 1st quarter worth about $139,000. Blair William & Co. IL lifted its stake in SS&C Technologies by 27.6% during the 1st quarter. Blair William & Co. IL now owns 31,625 shares of the technology company’s stock worth $2,036,000 after acquiring an additional 6,844 shares in the last quarter. HBK Sorce Advisory LLC purchased a new position in SS&C Technologies during the 1st quarter valued at about $202,000. Finally, Kingsview Wealth Management LLC grew its position in SS&C Technologies by 4.8% in the 1st quarter. Kingsview Wealth Management LLC now owns 123,587 shares of the technology company’s stock valued at $7,955,000 after acquiring an additional 5,674 shares in the last quarter. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Michael Jay Zamkow sold 7,500 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $60.46, for a total value of $453,450.00. Following the completion of the sale, the director now directly owns 41,576 shares of the company’s stock, valued at $2,513,684.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders sold 32,500 shares of company stock valued at $2,027,750. Insiders own 15.40% of the company’s stock.

SS&C Technologies Stock Up 1.5 %

Shares of SSNC traded up $1.01 during mid-day trading on Monday, reaching $67.56. The company’s stock had a trading volume of 748,963 shares, compared to its average volume of 954,534. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. SS&C Technologies Holdings, Inc. has a 12-month low of $46.61 and a 12-month high of $69.49. The stock has a market cap of $16.71 billion, a PE ratio of 26.51 and a beta of 1.38. The company’s 50 day moving average is $62.76 and its 200 day moving average is $62.33.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Thursday, April 25th. The technology company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.11 by $0.03. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.42 billion. SS&C Technologies had a net margin of 11.46% and a return on equity of 17.10%. Equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend was Monday, June 3rd. SS&C Technologies’s dividend payout ratio (DPR) is currently 38.25%.

Analyst Ratings Changes

SSNC has been the subject of several recent research reports. DA Davidson raised their price objective on shares of SS&C Technologies from $78.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday. Jefferies Financial Group raised their price target on shares of SS&C Technologies from $54.00 to $61.00 and gave the company a “hold” rating in a research report on Monday, April 29th. Finally, Needham & Company LLC boosted their price target on shares of SS&C Technologies from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.80.

SS&C Technologies Profile

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.