Michael Jay Zamkow Sells 12,500 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Stock

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Director Michael Jay Zamkow sold 12,500 shares of the company’s stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $79.92, for a total transaction of $999,000.00. Following the sale, the director now directly owns 12,476 shares of the company’s stock, valued at $997,081.92. This represents a 50.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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 Trading Up 0.3%

SS&C Technologies stock opened at $79.51 on Friday. SS&C Technologies Holdings, Inc. has a 12 month low of $60.01 and a 12 month high of $89.73. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The stock has a market cap of $19.61 billion, a P/E ratio of 26.50 and a beta of 1.24. The company’s fifty day simple moving average is $78.44 and its 200-day simple moving average is $78.79.

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

Analysts Set New Price Targets

A number of research firms recently commented on SSNC. Raymond James decreased their price objective on shares of SS&C Technologies from $95.00 to $90.00 and set a “strong-buy” rating for the company in a research note on Friday, April 25th. DA Davidson reduced their target price on SS&C Technologies from $100.00 to $94.00 and set a “buy” rating for the company in a report on Monday, April 28th. 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 report on Friday, February 7th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $86.00 price target (down from $90.00) on shares of SS&C Technologies in a research report on Friday, April 25th. Finally, Jefferies Financial Group upgraded SS&C Technologies from a “hold” rating to a “buy” rating and raised their price objective for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. One analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $91.86.

Institutional Investors Weigh In On SS&C Technologies

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

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.