Diamond Hill Capital Management Inc. Cuts Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Diamond Hill Capital Management Inc. trimmed its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 10.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 6,769,969 shares of the technology company's stock after selling 826,874 shares during the period. SS&C Technologies comprises approximately 2.3% of Diamond Hill Capital Management Inc.'s holdings, making the stock its 9th largest holding. Diamond Hill Capital Management Inc. owned about 2.73% of SS&C Technologies worth $513,028,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC boosted its position 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 buying an additional 817,501 shares during the last quarter. State Street Corp lifted its stake in shares of 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 valued at $417,370,000 after purchasing an additional 121,223 shares during the period. Cantillon Capital Management LLC lifted its stake in shares of SS&C Technologies by 0.6% in the 4th quarter. Cantillon Capital Management LLC now owns 4,533,081 shares of the technology company's stock valued at $343,517,000 after purchasing an additional 25,895 shares during the period. FMR LLC lifted its stake in shares of SS&C Technologies by 1.5% in the 3rd quarter. FMR LLC now owns 3,984,057 shares of the technology company's stock valued at $295,657,000 after purchasing an additional 58,389 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of SS&C Technologies by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 3,621,022 shares of the technology company's stock valued at $268,075,000 after purchasing an additional 64,299 shares during the period. 96.95% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

SSNC has been the topic of a number of analyst reports. DA Davidson increased their price target on SS&C Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research note on Monday, February 10th. UBS Group raised their price objective on SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a research note on Monday, February 3rd. StockNews.com raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Monday, February 10th. Raymond James raised their price objective on SS&C Technologies from $85.00 to $95.00 and gave the stock a "strong-buy" rating in a research note on Friday, February 7th. Finally, Needham & Company LLC raised their price objective on 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 equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $97.50.

Insider Buying and Selling

In related news, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the completion of the transaction, the director now owns 23,200 shares in the company, valued at approximately $2,050,648. This trade represents a 49.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies 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 transaction, the senior vice president now owns 6,412 shares of the company's stock, valued at $570,411.52. The trade was a 91.72 % decrease in their position. The disclosure for this sale can be found here. 15.40% of the stock is currently owned by corporate insiders.

SS&C Technologies Stock Down 0.4 %

Shares of SSNC traded down $0.34 during midday trading on Tuesday, hitting $81.75. The stock had a trading volume of 1,682,986 shares, compared to its average volume of 1,159,749. The company has a 50 day simple moving average of $83.07 and a two-hundred day simple moving average of $77.71. SS&C Technologies Holdings, Inc. has a twelve month low of $59.63 and a twelve month high of $89.73. The firm has a market cap of $20.15 billion, a price-to-earnings ratio of 27.25 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.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, beating the consensus estimate 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, analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Dividend Announcement

The firm also recently declared 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. This represents a $1.00 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Monday, March 3rd. SS&C Technologies's payout ratio is currently 33.33%.

About SS&C Technologies

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.