Y Intercept Hong Kong Ltd Sells 5,308 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Y Intercept Hong Kong Ltd trimmed its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 38.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,465 shares of the technology company’s stock after selling 5,308 shares during the period. Y Intercept Hong Kong Ltd’s holdings in SS&C Technologies were worth $628,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. State Street Corp raised its stake in shares of SS&C Technologies by 2.2% in the 3rd quarter. State Street Corp now owns 5,624,174 shares of the technology company’s stock valued at $417,370,000 after acquiring an additional 121,223 shares in the last quarter. Assenagon Asset Management S.A. increased its position in SS&C Technologies by 2,178.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 104,797 shares of the technology company’s stock worth $6,568,000 after buying an additional 100,197 shares during the period. National Pension Service increased its position in SS&C Technologies by 5.4% in the 3rd quarter. National Pension Service now owns 530,166 shares of the technology company’s stock worth $39,344,000 after buying an additional 27,336 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in SS&C Technologies in the 2nd quarter worth approximately $1,661,000. Finally, Point72 DIFC Ltd bought a new position in SS&C Technologies in the 3rd quarter worth approximately $2,219,000. 96.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on SSNC. Royal Bank of Canada boosted their price objective on SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. DA Davidson restated a “buy” rating and set a $92.00 price objective on shares of SS&C Technologies in a research report on Thursday, October 10th. Raymond James boosted their price objective on SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a research report on Friday, October 25th. StockNews.com lowered SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of SS&C Technologies in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $77.75.

SS&C Technologies Price Performance

SS&C Technologies stock opened at $76.67 on Friday. 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 firm has a market cap of $18.99 billion, a P/E ratio of 27.48 and a beta of 1.38. The business’s fifty day moving average is $74.76 and its two-hundred day moving average is $70.84. SS&C Technologies Holdings, Inc. has a 52 week low of $58.79 and a 52 week high of $77.69.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.03. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.44 billion. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.04 earnings per share. Equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.30%. SS&C Technologies’s payout ratio is currently 35.84%.

Insider Transactions at SS&C Technologies

In other news, CEO William C. Stone sold 132,700 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $76.85, for a total transaction of $10,197,995.00. Following the completion of the sale, the chief executive officer now owns 31,837,926 shares in the company, valued at $2,446,744,613.10. The trade was a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Normand A. Boulanger sold 130,000 shares of the business’s stock in a transaction on 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 sale, the director now owns 333,576 shares of the company’s stock, valued at approximately $25,144,958.88. The trade was a 28.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 598,000 shares of company stock worth $45,704,308 over the last 90 days. 15.40% of the stock is owned by insiders.

About 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.