Two Sigma Investments LP Sells 412,131 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Two Sigma Investments LP trimmed its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 41.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 576,377 shares of the technology company’s stock after selling 412,131 shares during the quarter. Two Sigma Investments LP’s holdings in SS&C Technologies were worth $43,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kestra Investment Management LLC bought a new stake in SS&C Technologies during the fourth quarter valued at approximately $39,000. Parkside Financial Bank & Trust boosted its stake in shares of SS&C Technologies by 76.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock worth $40,000 after acquiring an additional 229 shares during the last quarter. Colonial Trust Co SC grew its position in shares of SS&C Technologies by 239.3% during the 4th quarter. Colonial Trust Co SC now owns 553 shares of the technology company’s stock valued at $42,000 after acquiring an additional 390 shares during the period. True Wealth Design LLC increased its stake in shares of SS&C Technologies by 163.6% in the 4th quarter. True Wealth Design LLC now owns 551 shares of the technology company’s stock worth $42,000 after purchasing an additional 342 shares in the last quarter. Finally, Financial Perspectives Inc bought a new position in SS&C Technologies in the 4th quarter worth $51,000. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

SS&C Technologies Stock Performance

Shares of SS&C Technologies stock opened at $80.39 on Wednesday. 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 stock’s fifty day moving average price is $78.38 and its 200-day moving average price is $79.05. The firm has a market cap of $19.83 billion, a P/E ratio of 26.80 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a 12 month low of $60.01 and a 12 month high of $89.73.

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SSNC. JPMorgan Chase & Co. reissued a “neutral” rating and set a $86.00 price target (down previously from $90.00) on shares of SS&C Technologies in a report on Friday, April 25th. Needham & Company LLC lowered their price objective on SS&C Technologies from $105.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. UBS Group increased their target price on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. DA Davidson decreased their target price on shares of SS&C Technologies from $100.00 to $94.00 and set a “buy” rating on the stock in a research note on Monday, April 28th. Finally, Royal Bank of Canada increased their price objective on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. One 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, SS&C Technologies currently has a consensus rating of “Buy” and an average target price of $91.86.

Insider Transactions at SS&C Technologies

In related news, Director Jonathan E. Michael acquired 2,700 shares of the company’s stock in a transaction dated Thursday, May 1st. The shares were purchased at an average cost of $75.53 per share, with a total value of $203,931.00. Following the completion of the acquisition, the director now directly owns 72,776 shares of the company’s stock, valued at $5,496,771.28. This represents a 3.85% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Jay Zamkow sold 23,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the director now owns 23,200 shares of the company’s stock, valued at $2,050,648. This trade represents a 49.78% decrease in their position. The disclosure for this sale can be found here. 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.