SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lessened its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 13.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 98,259 shares of the technology company’s stock after selling 14,888 shares during the period. ProShare Advisors LLC’s holdings in SS&C Technologies were worth $7,446,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Boston Partners grew its stake in shares of SS&C Technologies by 283.1% in the fourth quarter. Boston Partners now owns 5,279,386 shares of the technology company’s stock valued at $400,161,000 after buying an additional 3,901,227 shares in the last quarter. Norges Bank purchased a new position in SS&C Technologies during the 4th quarter valued at about $205,475,000. Bank of America Corp DE grew its position in SS&C Technologies by 64.9% in the 4th quarter. Bank of America Corp DE now owns 2,235,142 shares of the technology company’s stock valued at $169,379,000 after acquiring an additional 880,058 shares in the last quarter. Senator Investment Group LP increased its stake in SS&C Technologies by 133.7% during the fourth quarter. Senator Investment Group LP now owns 1,519,175 shares of the technology company’s stock worth $115,123,000 after purchasing an additional 869,175 shares during the period. Finally, AQR Capital Management LLC lifted its position in shares of SS&C Technologies by 52.4% during the fourth quarter. AQR Capital Management LLC now owns 2,270,232 shares of the technology company’s stock worth $172,038,000 after purchasing an additional 780,616 shares in the last quarter. Hedge funds and other institutional investors own 96.95% of the company’s stock.

SS&C Technologies Trading Up 0.1%

NASDAQ:SSNC opened at $79.60 on Monday. SS&C Technologies Holdings, Inc. has a 1 year low of $60.01 and a 1 year high of $89.73. The stock has a market cap of $19.63 billion, a P/E ratio of 26.53 and a beta of 1.24. 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 stock has a 50-day simple moving average of $78.40 and a 200-day simple moving average of $78.97.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results 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. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.28 earnings per share. As a group, analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SSNC shares. Needham & Company LLC cut their target price on shares of SS&C Technologies from $105.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $86.00 price objective (down previously from $90.00) on shares of SS&C Technologies in a research report on Friday, April 25th. Royal Bank of Canada increased their price objective on SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. UBS Group boosted their target price on SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Finally, StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $91.86.

Insider Activity

In other news, Director Jonathan E. Michael bought 2,700 shares of SS&C Technologies stock in a transaction dated Thursday, May 1st. The stock was acquired at an average cost of $75.53 per share, with a total value of $203,931.00. Following the acquisition, the director now owns 72,776 shares of the company’s stock, valued at approximately $5,496,771.28. This trade represents a 3.85% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jason Douglas White sold 71,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the senior vice president now owns 6,412 shares in the company, valued at $570,411.52. This represents a 91.72% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 106,500 shares of company stock worth $9,348,130. Corporate insiders own 16.40% 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.