Pzena Investment Management LLC Has $875.94 Million Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Pzena Investment Management LLC lessened its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 8.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,559,007 shares of the technology company's stock after selling 1,104,896 shares during the quarter. SS&C Technologies makes up approximately 3.0% of Pzena Investment Management LLC's portfolio, making the stock its 12th largest holding. Pzena Investment Management LLC owned 4.67% of SS&C Technologies worth $875,942,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Janus Henderson Group PLC raised its position in shares of SS&C Technologies by 5.4% in the third quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company's stock valued at $1,191,774,000 after purchasing an additional 817,501 shares during the period. State Street Corp raised its holdings in SS&C Technologies by 2.2% in the 3rd quarter. State Street Corp now owns 5,624,174 shares of the technology company's stock worth $417,370,000 after acquiring an additional 121,223 shares during the period. Cantillon Capital Management LLC lifted its position in 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 worth $343,517,000 after acquiring an additional 25,895 shares during the last quarter. FMR LLC lifted its position in SS&C Technologies by 1.5% during the 3rd quarter. FMR LLC now owns 3,984,057 shares of the technology company's stock worth $295,657,000 after acquiring an additional 58,389 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in SS&C Technologies by 1.8% during the third quarter. Geode Capital Management LLC now owns 3,621,022 shares of the technology company's stock valued at $268,075,000 after acquiring an additional 64,299 shares during the period. 96.95% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In related news, Director Michael Jay Zamkow sold 23,000 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total value of $2,032,970.00. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jason Douglas White sold 71,000 shares of the business's 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 sale, the senior vice president now directly owns 6,412 shares of the company's stock, valued at $570,411.52. This represents a 91.72 % 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 corporate insiders.

SS&C Technologies Price Performance

NASDAQ:SSNC traded down $1.30 during trading hours on Thursday, reaching $80.24. The company had a trading volume of 232,364 shares, compared to its average volume of 1,478,063. The firm has a market capitalization of $19.78 billion, a PE ratio of 26.79 and a beta of 1.36. The stock has a 50-day moving average of $82.75 and a two-hundred day moving average of $77.54. SS&C Technologies Holdings, Inc. has a one year low of $59.63 and a one year 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.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its 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 net margin of 12.93% and a return on equity of 18.30%. Analysts forecast 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 declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.25%. SS&C Technologies's dividend payout ratio (DPR) is presently 33.33%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SSNC. StockNews.com raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday, February 10th. UBS Group boosted their target price on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Royal Bank of Canada upped their target price on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Raymond James raised their price target on shares of SS&C Technologies from $85.00 to $95.00 and gave the stock a "strong-buy" rating in a research report on Friday, February 7th. Finally, DA Davidson upped their price objective on shares of SS&C Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, SS&C Technologies presently has a consensus rating of "Buy" and a consensus target price of $97.50.

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.