Arrowstreet Capital Limited Partnership Lowers Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Arrowstreet Capital Limited Partnership cut its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 75.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,605 shares of the technology company's stock after selling 50,018 shares during the period. Arrowstreet Capital Limited Partnership's holdings in SS&C Technologies were worth $1,258,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of SSNC. Boston Partners raised its stake in shares of SS&C Technologies by 283.1% during the 4th quarter. Boston Partners now owns 5,279,386 shares of the technology company's stock worth $400,161,000 after buying an additional 3,901,227 shares during the period. Norges Bank acquired a new position in SS&C Technologies during the fourth quarter worth $205,475,000. KBC Group NV lifted its holdings in SS&C Technologies by 403.0% during the fourth quarter. KBC Group NV now owns 839,536 shares of the technology company's stock valued at $63,620,000 after purchasing an additional 672,641 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of SS&C Technologies in the fourth quarter valued at about $49,179,000. Finally, River Road Asset Management LLC increased its stake in shares of SS&C Technologies by 278.5% during the fourth quarter. River Road Asset Management LLC now owns 466,320 shares of the technology company's stock worth $35,338,000 after purchasing an additional 343,105 shares in the last quarter. Hedge funds and other institutional investors own 96.95% of the company's stock.

Insider Buying and Selling at SS&C Technologies

In related news, SVP Jason Douglas White sold 71,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the completion of the transaction, the senior vice president now owns 6,412 shares of the company's stock, valued at approximately $570,411.52. This trade represents a 91.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of the company'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 transaction, the director now owns 23,200 shares in the company, valued at $2,050,648. This trade represents a 49.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 15.40% of the company's stock.

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SS&C Technologies Trading Down 0.7 %

NASDAQ SSNC traded down $0.52 on Tuesday, reaching $76.86. 1,344,947 shares of the company were exchanged, compared to its average volume of 1,243,707. SS&C Technologies Holdings, Inc. has a fifty-two week low of $59.63 and a fifty-two week high of $89.73. The stock has a market capitalization of $18.94 billion, a P/E ratio of 25.62 and a beta of 1.31. The business's fifty day moving average price is $83.34 and its 200 day moving average price is $78.49. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.09. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. Analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.25 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 1.30%. SS&C Technologies's payout ratio is 33.33%.

Analyst Ratings Changes

SSNC has been the topic of several research analyst reports. UBS Group lifted their price objective on SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Needham & Company LLC boosted their price target on SS&C Technologies from $90.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Jefferies Financial Group upgraded SS&C Technologies from a "hold" rating to a "buy" rating and raised their price objective for the company from $70.00 to $94.00 in a report on Monday, February 3rd. DA Davidson lowered their target price on shares of SS&C Technologies from $102.00 to $100.00 and set a "buy" rating on the stock in a research note on Friday. Finally, Royal Bank of Canada increased their target price on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $97.17.

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.