River Road Asset Management LLC Has $35.34 Million Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

River Road Asset Management LLC grew its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 278.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 466,320 shares of the technology company's stock after acquiring an additional 343,105 shares during the period. River Road Asset Management LLC owned 0.19% of SS&C Technologies worth $35,338,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Kestra Investment Management LLC purchased a new stake in shares of SS&C Technologies during the 4th quarter worth about $39,000. Parkside Financial Bank & Trust raised its position in SS&C Technologies by 76.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock valued at $40,000 after acquiring an additional 229 shares in the last quarter. Financial Perspectives Inc acquired a new stake in SS&C Technologies in the fourth quarter valued at approximately $51,000. Rialto Wealth Management LLC bought a new stake in SS&C Technologies in the fourth quarter worth approximately $64,000. Finally, CENTRAL TRUST Co acquired a new position in shares of SS&C Technologies during the 4th quarter worth $65,000. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

SS&C Technologies Stock Performance

Shares of SS&C Technologies stock traded down $1.10 during midday trading on Thursday, hitting $80.43. The company had a trading volume of 289,834 shares, compared to its average volume of 1,478,731. SS&C Technologies Holdings, Inc. has a 1-year low of $59.63 and a 1-year high of $89.73. The business's 50 day simple moving average is $82.75 and its two-hundred day simple moving average is $77.54. The stock has a market cap of $19.83 billion, a PE ratio of 26.79 and a beta of 1.36. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21.

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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 (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.09. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. As a group, equities analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.24%. SS&C Technologies's dividend payout ratio is currently 33.33%.

Analysts Set New Price Targets

SSNC has been the subject of several analyst reports. Royal Bank of Canada lifted their price objective 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. DA Davidson upped their price target on SS&C Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. StockNews.com raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Monday, February 10th. UBS Group increased their price target on SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Finally, Needham & Company LLC boosted their price objective on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $97.50.

Insider Transactions at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 23,000 shares of the firm's stock in a transaction on 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 completion of the transaction, the director now directly owns 23,200 shares of the company's stock, valued at $2,050,648. This trade represents a 49.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the completion of the sale, the senior vice president now directly owns 6,412 shares in the company, valued at $570,411.52. This trade represents a 91.72 % decrease in their position. The disclosure for this sale can be found here. 15.40% of the stock is owned by insiders.

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.