Director BOULANGER NORMAND A sold 150,000 shares of SSNC at $85.85 for $12.9M, reducing holdings by -27.9%
Director BOULANGER NORMAND A executed a substantial sale of 150,000 shares at $85.85, representing -27.9% of pre-transaction holdings and generating $12.9M in proceeds. The sale occurred near the 52-week high of $90.20, within a modest 30-day positive window (+0.3%) but against a 90-day decline of -3.0%. His prior trades at SSNC show a timing pattern of 0 of 4 prior sells well-timed at the 90-day mark; historically his sales at this ticker yielded mixed returns (90-day outcomes ranged from +1.7% to +8.6%, meaning stock rallied after his exits). The company trades at a P/E of 24.56 with $1.6B in latest quarterly revenue and 6.9% annual growth, providing a reasonably valued backdrop. The magnitude of this sale—a material reduction of roughly one-quarter of holdings—warrants attention as a data point but absent FLAGS indicating constraint-free discretion, the timing and motivation remain ambiguous from price action alone.
Director Normand Boulanger sold 130.0K SSNC shares at $75.38 on 2024-09-16, retaining 333.6K shares; stock now at 52-week high.
Boulanger executed a substantial sale of 130,000 shares worth $9,798,828.00, reducing his position by 28.0% while still maintaining 333.6K shares. The transaction occurred at $75.38, and the stock currently trades at $75.53—at the upper bound of its 52-week range $48.71–$75.53. His prior three sales at SSNC (September 2023) each generated positive 90-day returns (+8.6%, +6.7%, +4.9%), indicating those earlier dispositions preceded stock appreciation rather than declines, with a 0.00% well-timed rate at this ticker. The current sale arrives after a 22.1% 90-day gain and +3.9% 30-day gain, suggesting disposition near recent strength. This represents a material reduction in insider holdings executed when the security is at peak valuation levels.
