Barclays PLC lowered its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 43.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 261,760 shares of the technology company's stock after selling 201,014 shares during the quarter. Barclays PLC owned about 0.11% of SS&C Technologies worth $19,425,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Millennium Management LLC grew its stake in shares of SS&C Technologies by 49.2% in the 2nd quarter. Millennium Management LLC now owns 3,399,874 shares of the technology company's stock valued at $213,070,000 after purchasing an additional 1,120,961 shares during the last quarter. Janus Henderson Group PLC grew its position in SS&C Technologies by 5.4% in the 3rd quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company's stock valued at $1,191,774,000 after buying an additional 817,501 shares during the last quarter. AQR Capital Management LLC increased its stake in SS&C Technologies by 82.1% in the 2nd quarter. AQR Capital Management LLC now owns 1,267,057 shares of the technology company's stock valued at $78,900,000 after buying an additional 571,334 shares during the period. Point72 Asset Management L.P. raised its position in SS&C Technologies by 250.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 593,700 shares of the technology company's stock worth $44,058,000 after buying an additional 424,487 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of SS&C Technologies by 14.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,696,702 shares of the technology company's stock worth $168,995,000 after acquiring an additional 349,911 shares during the period. Institutional investors and hedge funds own 96.95% of the company's stock.
NASDAQ:SSNC opened at $76.67 on Friday. SS&C Technologies Holdings, Inc. has a twelve month low of $58.79 and a twelve month high of $77.69. The company has a market capitalization of $18.99 billion, a P/E ratio of 27.48 and a beta of 1.38. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The firm has a 50-day moving average price of $74.76 and a two-hundred day moving average price of $70.84.
SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The technology company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.03. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. The company's quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.04 EPS. As a group, research analysts expect that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Monday, December 2nd. SS&C Technologies's dividend payout ratio is presently 35.84%.
In related news, CEO William C. Stone sold 247,300 shares of the company's stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $76.61, for a total value of $18,945,653.00. Following the completion of the transaction, the chief executive officer now directly owns 31,837,926 shares in the company, valued at approximately $2,439,103,510.86. This represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Normand A. Boulanger sold 130,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $75.38, for a total value of $9,799,400.00. Following the transaction, the director now owns 333,576 shares in the company, valued at $25,144,958.88. This trade represents a 28.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 598,000 shares of company stock valued at $45,704,308. 15.40% of the stock is owned by insiders.
SSNC has been the subject of several analyst reports. Needham & Company LLC reissued a "buy" rating and set a $90.00 price target on shares of SS&C Technologies in a report on Friday, October 25th. DA Davidson reissued a "buy" rating and set a $92.00 target price on shares of SS&C Technologies in a research note on Thursday, October 10th. StockNews.com downgraded SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 15th. Royal Bank of Canada increased their price objective on SS&C Technologies from $75.00 to $86.00 and gave the stock an "outperform" rating in a research report on Thursday, September 19th. Finally, Raymond James boosted their target price on shares of SS&C Technologies from $79.00 to $85.00 and gave the stock a "strong-buy" rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $77.75.
Check Out Our Latest Stock Analysis on SS&C Technologies
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.
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