LSV Asset Management Cuts Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

LSV Asset Management lowered its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 14.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 464,373 shares of the technology company's stock after selling 78,300 shares during the period. LSV Asset Management owned approximately 0.19% of SS&C Technologies worth $35,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in SS&C Technologies in the fourth quarter valued at $49,179,000. Martingale Asset Management L P raised its stake in shares of SS&C Technologies by 7.4% in the 4th quarter. Martingale Asset Management L P now owns 49,237 shares of the technology company's stock valued at $3,731,000 after acquiring an additional 3,390 shares during the period. APG Asset Management N.V. increased its holdings in SS&C Technologies by 12.9% in the 4th quarter. APG Asset Management N.V. now owns 230,455 shares of the technology company's stock valued at $16,865,000 after purchasing an additional 26,348 shares during the last quarter. Invesco Ltd. raised its position in SS&C Technologies by 18.3% in the fourth quarter. Invesco Ltd. now owns 470,526 shares of the technology company's stock valued at $35,656,000 after purchasing an additional 72,775 shares during the period. Finally, Bank of Montreal Can lifted its stake in SS&C Technologies by 3.1% during the fourth quarter. Bank of Montreal Can now owns 114,947 shares of the technology company's stock worth $8,711,000 after purchasing an additional 3,450 shares in the last quarter. Hedge funds and other institutional investors own 96.95% of the company's stock.

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Insider Activity

In other SS&C Technologies news, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction on Tuesday, February 18th. The shares were 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 directly owns 6,412 shares in the company, valued at approximately $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 SEC, which can be accessed through this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the sale, the director now owns 23,200 shares of the company's stock, valued at $2,050,648. This trade represents a 49.78 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 15.40% of the company's stock.

SS&C Technologies Stock Down 0.7 %

Shares of NASDAQ:SSNC traded down $0.52 during trading hours on Tuesday, reaching $76.86. The stock had a trading volume of 1,344,947 shares, compared to its average volume of 1,243,649. The stock has a market capitalization of $18.94 billion, a price-to-earnings ratio of 25.62 and a beta of 1.31. The firm's 50 day moving average is $83.24 and its 200-day moving average is $78.47. SS&C Technologies Holdings, Inc. has a 1 year low of $59.63 and a 1 year 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 for the quarter, beating 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%. Research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SSNC shares. Needham & Company LLC boosted their price objective on SS&C Technologies from $90.00 to $105.00 and gave the company a "buy" rating in a report on Friday, February 7th. Royal Bank of Canada increased their price target on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Jefferies Financial Group upgraded shares of SS&C Technologies from a "hold" rating to a "buy" rating and lifted their price objective for the company from $70.00 to $94.00 in a report on Monday, February 3rd. UBS Group increased their target price on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Finally, StockNews.com upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Monday, February 10th. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $97.17.

SS&C Technologies 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.