California Public Employees Retirement System Decreases Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

California Public Employees Retirement System lessened its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 983,933 shares of the technology company’s stock after selling 7,952 shares during the quarter. California Public Employees Retirement System owned 0.40% of SS&C Technologies worth $74,562,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SSNC. Kestra Investment Management LLC purchased a new position in SS&C Technologies in the 4th quarter valued at approximately $39,000. Parkside Financial Bank & Trust increased its position in shares of SS&C Technologies by 76.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock valued at $40,000 after buying an additional 229 shares in the last quarter. Financial Perspectives Inc purchased a new stake in shares of SS&C Technologies in the 4th quarter worth about $51,000. Rialto Wealth Management LLC acquired a new stake in SS&C Technologies in the 4th quarter valued at about $64,000. Finally, CENTRAL TRUST Co purchased a new position in SS&C Technologies during the 4th quarter valued at about $65,000. Institutional investors and hedge funds own 96.95% of the company’s stock.

SS&C Technologies Stock Performance

SS&C Technologies stock opened at $83.53 on Tuesday. The stock has a fifty day moving average price of $84.25 and a 200 day moving average price of $78.36. SS&C Technologies Holdings, Inc. has a 52 week low of $59.63 and a 52 week high of $89.73. The firm has a market capitalization of $20.59 billion, a P/E ratio of 27.84 and a beta of 1.36. 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 (NASDAQ:SSNC) last posted its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.09. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. Equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.20%. SS&C Technologies’s payout ratio is 33.33%.

Analyst Ratings Changes

Several brokerages have issued reports on SSNC. Royal Bank of Canada upped their price target on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a report on Friday, February 7th. UBS Group increased their target price on SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Raymond James raised their price target on SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 7th. DA Davidson increased their price objective on SS&C Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Finally, StockNews.com raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $97.50.

Insider Buying and Selling

In other news, Director Michael Jay Zamkow sold 23,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total value of $2,032,970.00. Following the transaction, the director now directly owns 23,200 shares in the company, valued at $2,050,648. This trade represents a 49.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of the business’s stock in a transaction dated 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 owns 6,412 shares of the company’s stock, valued at $570,411.52. The trade was a 91.72 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 15.40% 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.