River Road Asset Management LLC Has $9.14 Million Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

River Road Asset Management LLC trimmed its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 6.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 123,215 shares of the technology company's stock after selling 8,874 shares during the quarter. River Road Asset Management LLC's holdings in SS&C Technologies were worth $9,144,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Innealta Capital LLC acquired a new stake in SS&C Technologies during the 2nd quarter valued at approximately $26,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of SS&C Technologies in the second quarter worth $35,000. Benjamin Edwards Inc. raised its holdings in SS&C Technologies by 43.3% in the second quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company's stock valued at $42,000 after acquiring an additional 204 shares in the last quarter. Versant Capital Management Inc boosted its stake in SS&C Technologies by 6,300.0% during the 2nd quarter. Versant Capital Management Inc now owns 704 shares of the technology company's stock valued at $44,000 after acquiring an additional 693 shares during the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new position in SS&C Technologies during the 2nd quarter worth $47,000. 96.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SSNC shares. DA Davidson reaffirmed a "buy" rating and set a $92.00 price target on shares of SS&C Technologies in a research report on Thursday, October 10th. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 target price on shares of SS&C Technologies in a report on Friday, October 25th. StockNews.com upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Tuesday. Royal Bank of Canada upped their price target on SS&C Technologies from $75.00 to $86.00 and gave the company an "outperform" rating in a research report on Thursday, September 19th. Finally, Raymond James raised their price objective on SS&C Technologies from $79.00 to $85.00 and gave the stock a "strong-buy" rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $77.75.

SS&C Technologies Stock Performance

NASDAQ SSNC traded up $2.27 on Wednesday, hitting $74.17. The stock had a trading volume of 1,337,478 shares, compared to its average volume of 1,062,131. The company's 50-day moving average is $73.96 and its two-hundred day moving average is $68.27. The stock has a market cap of $18.37 billion, a price-to-earnings ratio of 25.77 and a beta of 1.39. 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 Holdings, Inc. has a one year low of $51.92 and a one year high of $77.02.

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

SS&C Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date was Tuesday, September 3rd. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.24. SS&C Technologies's dividend payout ratio is currently 35.84%.

SS&C Technologies announced that its Board of Directors has approved a share repurchase plan on Thursday, July 25th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to reacquire up to 5.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board believes its shares are undervalued.

Insider Buying and Selling at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 19,000 shares of the firm's stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $75.97, for a total transaction of $1,443,430.00. Following the transaction, the director now owns 22,576 shares in the company, valued at $1,715,098.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Michael Jay Zamkow sold 19,000 shares of the company's stock in a transaction on Friday, September 20th. The stock was sold at an average price of $75.97, for a total value of $1,443,430.00. Following the completion of the sale, the director now owns 22,576 shares in the company, valued at $1,715,098.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Smita Conjeevaram sold 48,500 shares of SS&C Technologies stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $70.82, for a total value of $3,434,770.00. Following the transaction, the director now directly owns 9,576 shares in the company, valued at approximately $678,172.32. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 609,690 shares of company stock valued at $44,821,055. Company insiders own 15.40% of the company's stock.

About SS&C Technologies

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.