SS&C Technologies Holdings, Inc. (SSNC) CFO Sells $994,600.00 in Stock

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) CFO Patrick J. Pedonti sold 20,000 shares of SS&C Technologies stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $49.73, for a total value of $994,600.00. Following the transaction, the chief financial officer now owns 20,000 shares in the company, valued at approximately $994,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

SS&C Technologies Holdings, Inc. (SSNC) opened at $48.28 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.96 and a quick ratio of 0.96. SS&C Technologies Holdings, Inc. has a 52 week low of $32.15 and a 52 week high of $51.39. The company has a market capitalization of $9,940.00, a PE ratio of 45.98, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32.

Hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp grew its stake in SS&C Technologies by 20.9% in the second quarter. State Street Corp now owns 3,012,292 shares of the technology company’s stock valued at $115,706,000 after purchasing an additional 521,727 shares in the last quarter. Green Square Capital LLC purchased a new position in SS&C Technologies in the second quarter valued at about $257,000. State of Wisconsin Investment Board grew its stake in SS&C Technologies by 7.4% in the third quarter. State of Wisconsin Investment Board now owns 157,385 shares of the technology company’s stock valued at $6,319,000 after purchasing an additional 10,885 shares in the last quarter. Amundi Pioneer Asset Management Inc. grew its stake in SS&C Technologies by 138.3% in the third quarter. Amundi Pioneer Asset Management Inc. now owns 238,338 shares of the technology company’s stock valued at $9,569,000 after purchasing an additional 138,338 shares in the last quarter. Finally, Macquarie Group Ltd. grew its stake in SS&C Technologies by 64.3% in the second quarter. Macquarie Group Ltd. now owns 219,251 shares of the technology company’s stock valued at $8,421,000 after purchasing an additional 85,846 shares in the last quarter. Hedge funds and other institutional investors own 86.77% of the company’s stock.

A number of brokerages have recently weighed in on SSNC. Jefferies Group reiterated a “buy” rating on shares of SS&C Technologies in a report on Friday, January 12th. Needham & Company LLC reiterated a “buy” rating and set a $60.00 price target (up previously from $44.00) on shares of SS&C Technologies in a report on Friday, January 12th. DA Davidson lifted their price target on SS&C Technologies to $54.00 and gave the company a “buy” rating in a report on Friday, January 12th. Royal Bank of Canada lifted their price target on SS&C Technologies to $60.00 and gave the company an “outperform” rating in a report on Friday, January 12th. Finally, Zacks Investment Research downgraded SS&C Technologies from a “buy” rating to a “hold” rating and set a $54.00 target price on the stock. in a research note on Saturday, January 20th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $49.55.

WARNING: This news story was posted by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The original version of this news story can be read at https://sportsperspectives.com/2018/02/08/ssc-technologies-holdings-inc-ssnc-cfo-sells-994600-00-in-stock.html.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc is a holding company. The Company is a provider of software products and software-enabled services that allow financial services providers to automate complex business processes and manage their information processing requirements. The Company’s portfolio of software products and software-enabled services allows its clients to automate and integrate front-office functions, such as trading and modeling, middle-office functions, such as portfolio management and reporting, and back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing.

Insider Buying and Selling by Quarter for SS&C Technologies (NASDAQ:SSNC)

Receive News & Ratings for SS&C Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SS&C Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply