Trust Co. of Vermont Sells 595 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Trust Co. of Vermont reduced its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 9.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,720 shares of the technology company’s stock after selling 595 shares during the quarter. Trust Co. of Vermont’s holdings in SS&C Technologies were worth $433,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Millennium Management LLC lifted its position in SS&C Technologies by 49.2% during the second 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 raised its position in shares of SS&C Technologies by 5.4% during 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 in the last quarter. AQR Capital Management LLC raised its position in shares of SS&C Technologies by 82.1% during 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 in the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of 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 acquiring an additional 424,487 shares during the last quarter. Finally, Two Sigma Advisers LP increased its stake in SS&C Technologies by 433.9% in the third quarter. Two Sigma Advisers LP now owns 415,400 shares of the technology company’s stock valued at $30,827,000 after acquiring an additional 337,600 shares during the last quarter. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Insider Activity at SS&C Technologies

In related news, CEO William C. Stone sold 247,300 shares of SS&C Technologies stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $76.61, for a total transaction of $18,945,653.00. Following the completion of the transaction, the chief executive officer now directly owns 31,837,926 shares of the company’s stock, valued at $2,439,103,510.86. This trade represents a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Jason Douglas White sold 69,000 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the completion of the sale, the senior vice president now owns 6,412 shares in the company, valued at approximately $494,172.84. This trade represents a 91.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 449,000 shares of company stock worth $34,461,478 over the last ninety days. 15.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SSNC shares. Raymond James lifted their price target on SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 25th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of SS&C Technologies in a research note on Friday, October 25th. DA Davidson reissued a “buy” rating and set a $92.00 price target on shares of SS&C Technologies in a research note on Thursday, October 10th. Finally, StockNews.com lowered shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $77.75.

SS&C Technologies Stock Performance

NASDAQ:SSNC opened at $78.50 on Monday. 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 firm’s fifty day simple moving average is $75.98 and its 200 day simple moving average is $73.41. The stock has a market cap of $19.44 billion, a P/E ratio of 28.14 and a beta of 1.37. SS&C Technologies Holdings, Inc. has a twelve month low of $59.20 and a twelve month high of $79.59.

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

SS&C Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Monday, December 2nd. SS&C Technologies’s payout ratio is presently 35.84%.

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.