Old West Investment Management LLC Sells 8,913 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Old West Investment Management LLC trimmed its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 8.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 102,871 shares of the technology company's stock after selling 8,913 shares during the quarter. SS&C Technologies comprises approximately 3.2% of Old West Investment Management LLC's holdings, making the stock its 14th largest position. Old West Investment Management LLC's holdings in SS&C Technologies were worth $7,796,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Steward Partners Investment Advisory LLC grew its holdings in shares of SS&C Technologies by 16.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the technology company's stock worth $67,000 after purchasing an additional 123 shares in the last quarter. SkyView Investment Advisors LLC grew its stake in shares of SS&C Technologies by 2.2% in the 3rd quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company's stock valued at $475,000 after purchasing an additional 137 shares during the period. Global Retirement Partners LLC raised its holdings in shares of SS&C Technologies by 11.8% in the 4th quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company's stock worth $107,000 after buying an additional 149 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of SS&C Technologies by 15.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,163 shares of the technology company's stock worth $88,000 after buying an additional 158 shares during the period. Finally, Wellington Management Group LLP boosted its stake in SS&C Technologies by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 3,193 shares of the technology company's stock valued at $242,000 after buying an additional 161 shares in the last quarter. 96.95% of the stock is currently owned by institutional investors.

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Insider Activity at SS&C Technologies

In other SS&C Technologies news, SVP Jason Douglas White sold 71,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 $570,411.52. This represents a 91.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies stock in a transaction that occurred on 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 completion of the sale, 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. 15.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Needham & Company LLC raised their price objective 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. StockNews.com upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Monday, February 10th. Royal Bank of Canada increased their target price on SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Jefferies Financial Group raised 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 report on Monday, February 3rd. Finally, DA Davidson increased their price objective on shares of SS&C Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $97.50.

SS&C Technologies Trading Down 3.1 %

Shares of SSNC traded down $2.38 during trading hours on Thursday, reaching $75.48. The stock had a trading volume of 823,124 shares, compared to its average volume of 1,236,929. The company has a market cap of $18.61 billion, a P/E ratio of 24.97 and a beta of 1.31. SS&C Technologies Holdings, Inc. has a 52 week low of $59.63 and a 52 week high of $89.73. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The firm has a 50-day moving average of $83.66 and a 200 day moving average of $78.42.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 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%. On average, sell-side analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.32%. SS&C Technologies's payout ratio is 33.33%.

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.