Reinhart Partners LLC. Has $18.01 Million Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Reinhart Partners LLC. cut its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 16.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 237,621 shares of the technology company's stock after selling 46,996 shares during the quarter. Reinhart Partners LLC. owned 0.10% of SS&C Technologies worth $18,007,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Janus Henderson Group PLC lifted its holdings in SS&C Technologies by 5.4% in the 3rd quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company's stock valued at $1,191,774,000 after acquiring an additional 817,501 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in SS&C Technologies by 0.7% during the second quarter. Diamond Hill Capital Management Inc. now owns 7,798,723 shares of the technology company's stock worth $488,746,000 after buying an additional 53,080 shares in the last quarter. State Street Corp grew its position in SS&C Technologies by 2.2% in the third quarter. State Street Corp now owns 5,624,174 shares of the technology company's stock worth $417,370,000 after buying an additional 121,223 shares during the last quarter. Burgundy Asset Management Ltd. lifted its position in shares of SS&C Technologies by 4.3% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 4,942,374 shares of the technology company's stock valued at $309,739,000 after acquiring an additional 201,632 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of 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 in the last quarter. Institutional investors own 96.95% of the company's stock.

SS&C Technologies Stock Performance

Shares of NASDAQ SSNC traded up $0.78 during trading hours on Monday, reaching $75.53. The stock had a trading volume of 1,439,947 shares, compared to its average volume of 1,102,292. The company has a market cap of $18.71 billion, a price-to-earnings ratio of 27.07 and a beta of 1.37. SS&C Technologies Holdings, Inc. has a twelve month low of $59.18 and a twelve month high of $77.69. The business's fifty day moving average is $75.53 and its two-hundred day moving average is $72.87. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.03. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.33%. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the firm earned $1.04 EPS. As a group, research analysts expect that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current year.

SS&C Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.25 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.32%. SS&C Technologies's payout ratio is presently 35.84%.

Analyst Ratings Changes

Several research firms have issued reports on SSNC. Royal Bank of Canada boosted their price objective on SS&C Technologies from $75.00 to $86.00 and gave the stock an "outperform" rating in a report on Thursday, September 19th. Needham & Company LLC reissued a "buy" rating and issued a $90.00 target price on shares of SS&C Technologies in a research report on Friday, October 25th. Raymond James raised their price objective on SS&C Technologies from $79.00 to $85.00 and gave the company a "strong-buy" rating in a research note on Friday, October 25th. StockNews.com downgraded shares of SS&C Technologies from a "strong-buy" rating to a "buy" rating in a report on Friday, November 15th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $92.00 price target on shares of SS&C Technologies in a research report on Thursday, October 10th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $77.75.

Insider Transactions at SS&C Technologies

In related news, CEO William C. Stone sold 132,700 shares of the firm's 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 sale, the chief executive officer now directly owns 31,837,926 shares of the company's stock, valued at $2,446,744,613.10. This trade represents a 0.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jason Douglas White sold 69,000 shares of the business's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total value of $5,317,830.00. Following the completion of the transaction, the senior vice president now directly owns 6,412 shares in the company, valued at approximately $494,172.84. This represents a 91.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 449,000 shares of company stock valued at $34,461,478. 15.40% of the stock is owned by insiders.

SS&C Technologies 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.