GMT Capital Corp Has $96.53 Million Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

GMT Capital Corp cut its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 5.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,273,800 shares of the technology company's stock after selling 78,100 shares during the period. SS&C Technologies comprises 4.7% of GMT Capital Corp's holdings, making the stock its 7th largest holding. GMT Capital Corp owned approximately 0.51% of SS&C Technologies worth $96,529,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in SS&C Technologies by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 20,215,026 shares of the technology company's stock worth $1,531,895,000 after acquiring an additional 239,438 shares during the last quarter. Boston Partners boosted its holdings in shares of SS&C Technologies by 283.1% in the 4th quarter. Boston Partners now owns 5,279,386 shares of the technology company's stock worth $400,161,000 after purchasing an additional 3,901,227 shares during the period. Cantillon Capital Management LLC increased its position in shares of SS&C Technologies by 0.6% during the 4th quarter. Cantillon Capital Management LLC now owns 4,533,081 shares of the technology company's stock valued at $343,517,000 after purchasing an additional 25,895 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in SS&C Technologies by 8.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,158,478 shares of the technology company's stock valued at $239,353,000 after buying an additional 258,554 shares during the period. Finally, Norges Bank bought a new stake in SS&C Technologies in the fourth quarter worth $205,475,000. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

SS&C Technologies Stock Up 2.6 %

Shares of NASDAQ SSNC opened at $75.49 on Wednesday. The stock has a 50 day moving average price of $82.04 and a 200 day moving average price of $78.54. The firm has a market capitalization of $18.60 billion, a price-to-earnings ratio of 25.16 and a beta of 1.31. SS&C Technologies Holdings, Inc. has a 52-week low of $60.01 and a 52-week high of $89.73. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. Sell-side analysts expect 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 announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Monday, March 3rd. SS&C Technologies's dividend payout ratio (DPR) is 33.33%.

Insider Activity

In other SS&C Technologies news, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total value of $6,316,160.00. Following the transaction, the senior vice president now owns 6,412 shares in the company, valued at $570,411.52. The trade was a 91.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Jay Zamkow sold 23,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the sale, the director now directly owns 23,200 shares of the company's stock, valued at approximately $2,050,648. The trade was a 49.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 16.40% of the company's stock.

Wall Street Analysts Forecast Growth

SSNC has been the topic of a number of analyst reports. UBS Group boosted their price objective on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. DA Davidson reduced their price objective on shares of SS&C Technologies from $102.00 to $100.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Needham & Company LLC boosted their target price on SS&C Technologies from $90.00 to $105.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Raymond James increased their price target on SS&C Technologies from $85.00 to $95.00 and gave the stock a "strong-buy" rating in a report on Friday, February 7th. Finally, StockNews.com upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday, February 10th. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price 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.

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