SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) is Oldfield Partners LLP's 2nd Largest Position

Oldfield Partners LLP reduced its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 22.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 849,800 shares of the technology company's stock after selling 246,600 shares during the period. SS&C Technologies comprises 13.3% of Oldfield Partners LLP's portfolio, making the stock its 2nd largest position. Oldfield Partners LLP owned 0.35% of SS&C Technologies worth $63,064,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Quent Capital LLC increased its holdings in SS&C Technologies by 76.8% during the 1st quarter. Quent Capital LLC now owns 396 shares of the technology company's stock worth $25,000 after purchasing an additional 172 shares during the last quarter. Innealta Capital LLC acquired a new stake in SS&C Technologies in the second quarter valued at $26,000. Ashton Thomas Private Wealth LLC bought a new position in SS&C Technologies during the 2nd quarter valued at $35,000. Benjamin Edwards Inc. increased its position in shares of SS&C Technologies by 43.3% in the 2nd quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company's stock worth $42,000 after purchasing an additional 204 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of SS&C Technologies by 6,300.0% during the second quarter. Versant Capital Management Inc now owns 704 shares of the technology company's stock worth $44,000 after purchasing an additional 693 shares during the last quarter. 96.95% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Stock Performance

Shares of NASDAQ:SSNC traded down $0.65 during trading hours on Tuesday, hitting $75.48. The stock had a trading volume of 1,026,024 shares, compared to its average volume of 1,022,457. The stock's fifty day simple moving average is $74.20 and its 200 day simple moving average is $67.46. The firm has a market capitalization of $18.52 billion, a price-to-earnings ratio of 27.68 and a beta of 1.38. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.16 and a current ratio of 1.16. SS&C Technologies Holdings, Inc. has a 1-year low of $46.61 and a 1-year high of $77.02.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its earnings results on Thursday, July 25th. The technology company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.07. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.43 billion. SS&C Technologies had a return on equity of 17.43% and a net margin of 12.33%. The firm's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.96 EPS. Sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.66 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.32%. This is an increase from SS&C Technologies's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Tuesday, September 3rd. SS&C Technologies's payout ratio is 36.36%.

SS&C Technologies announced that its board has authorized a stock repurchase program on Thursday, July 25th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to repurchase up to 5.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms have commented on SSNC. Needham & Company LLC increased their target price on SS&C Technologies from $81.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, September 19th. Royal Bank of Canada increased their target price on shares of SS&C Technologies from $75.00 to $86.00 and gave the stock an "outperform" rating in a report on Thursday, September 19th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $92.00 price target on shares of SS&C Technologies in a report on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $73.75.

Insider Activity

In other SS&C Technologies news, Director Smita Conjeevaram sold 48,500 shares of the company's stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $70.82, for a total value of $3,434,770.00. Following the completion of the sale, the director now directly owns 9,576 shares in the company, valued at $678,172.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Smita Conjeevaram sold 48,500 shares of SS&C Technologies stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $70.82, for a total transaction of $3,434,770.00. Following the transaction, the director now directly owns 9,576 shares of the company's stock, valued at $678,172.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Jay Zamkow sold 19,000 shares of the firm's stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $75.97, for a total transaction of $1,443,430.00. Following the transaction, the director now owns 22,576 shares of the company's stock, valued at approximately $1,715,098.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 609,690 shares of company stock worth $44,821,055 over the last three months. Corporate insiders own 15.40% of the company's stock.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.