New South Capital Management Inc. Lowers Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

New South Capital Management Inc. cut its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 698,608 shares of the technology company's stock after selling 11,651 shares during the quarter. SS&C Technologies makes up about 2.2% of New South Capital Management Inc.'s portfolio, making the stock its 15th largest position. New South Capital Management Inc. owned approximately 0.28% of SS&C Technologies worth $52,941,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Arizona State Retirement System boosted its holdings in SS&C Technologies by 0.6% in the fourth quarter. Arizona State Retirement System now owns 64,139 shares of the technology company's stock worth $4,860,000 after acquiring an additional 367 shares in the last quarter. Verdence Capital Advisors LLC raised its position in shares of SS&C Technologies by 1.8% during the fourth quarter. Verdence Capital Advisors LLC now owns 95,416 shares of the technology company's stock worth $7,231,000 after purchasing an additional 1,658 shares during the period. Proficio Capital Partners LLC bought a new position in shares of SS&C Technologies in the 4th quarter worth $7,634,000. Atria Investments Inc grew its position in SS&C Technologies by 8.4% in the 4th quarter. Atria Investments Inc now owns 15,165 shares of the technology company's stock valued at $1,149,000 after purchasing an additional 1,176 shares during the period. Finally, Assetmark Inc. grew its position in SS&C Technologies by 19.7% in the 4th quarter. Assetmark Inc. now owns 62,722 shares of the technology company's stock valued at $4,753,000 after purchasing an additional 10,324 shares during the period. 96.95% of the stock is currently owned by institutional investors and hedge funds.

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SS&C Technologies Stock Up 1.5 %

NASDAQ:SSNC traded up $1.29 on Friday, hitting $85.86. The stock had a trading volume of 2,526,947 shares, compared to its average volume of 1,464,222. The stock has a market cap of $21.16 billion, a P/E ratio of 28.62 and a beta of 1.36. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The firm's fifty day simple moving average is $82.37 and its two-hundred day simple moving average is $77.36. SS&C Technologies Holdings, Inc. has a 1 year low of $59.63 and a 1 year high of $89.73.

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

SS&C Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.16%. SS&C Technologies's dividend payout ratio (DPR) is presently 33.33%.

Analysts Set New Price Targets

SSNC has been the topic of several research reports. UBS Group raised 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 note on Monday, February 3rd. Needham & Company LLC upped their target price on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Jefferies Financial Group upgraded SS&C Technologies from a "hold" rating to a "buy" rating and lifted their price target for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. Raymond James increased their price objective on SS&C Technologies from $85.00 to $95.00 and gave the stock a "strong-buy" rating in a research note on Friday, February 7th. Finally, Royal Bank of Canada raised their target price on SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $97.50.

Insiders Place Their Bets

In other news, CEO William C. Stone sold 132,700 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $76.85, for a total transaction of $10,197,995.00. Following the completion of the transaction, the chief executive officer now owns 31,837,926 shares in the company, valued at approximately $2,446,744,613.10. This represents a 0.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of the business's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total value of $2,032,970.00. Following the completion of the sale, the director now owns 23,200 shares in the company, valued at $2,050,648. This represents a 49.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 226,700 shares of company stock valued at $18,547,125. Company insiders own 15.40% of the company's stock.

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.