Sunriver Management LLC Cuts Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Sunriver Management LLC cut its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 14.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 536,237 shares of the technology company's stock after selling 88,718 shares during the period. SS&C Technologies comprises approximately 4.9% of Sunriver Management LLC's investment portfolio, making the stock its 9th largest holding. Sunriver Management LLC owned 0.22% of SS&C Technologies worth $40,636,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Kestra Investment Management LLC purchased a new stake in shares of SS&C Technologies during the 4th quarter valued at $39,000. Parkside Financial Bank & Trust increased its holdings 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 worth $40,000 after buying an additional 229 shares during the last quarter. Financial Perspectives Inc bought a new stake in SS&C Technologies in the fourth quarter worth about $51,000. Rialto Wealth Management LLC purchased a new position in SS&C Technologies in the fourth quarter valued at about $64,000. Finally, CENTRAL TRUST Co bought a new position in shares of SS&C Technologies during the 4th quarter valued at approximately $65,000. Institutional investors own 96.95% of the company's stock.

SS&C Technologies Price Performance

NASDAQ:SSNC traded up $0.25 during mid-day trading on Friday, hitting $76.33. 1,040,814 shares of the stock traded hands, compared to its average volume of 1,248,889. The business's 50-day moving average price is $82.60 and its 200 day moving average price is $78.49. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The company has a market cap of $18.81 billion, a PE ratio of 25.44 and a beta of 1.31. SS&C Technologies Holdings, Inc. has a 12-month low of $60.01 and a 12-month high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share 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%. On average, analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.25 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 1.31%. SS&C Technologies's payout ratio is presently 33.33%.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the transaction, the director now directly owns 23,200 shares of the company's stock, 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 owns 6,412 shares of the company's stock, valued at approximately $570,411.52. The trade was a 91.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 16.40% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. DA Davidson dropped their price objective on SS&C Technologies from $102.00 to $100.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. StockNews.com upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Monday, February 10th. Needham & Company LLC upped their price objective on shares of SS&C Technologies from $90.00 to $105.00 and gave the company a "buy" rating in a report on Friday, February 7th. Royal Bank of Canada lifted their target price on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Finally, Raymond James upped their price target on shares of SS&C Technologies from $85.00 to $95.00 and gave the company a "strong-buy" rating in a research note on Friday, February 7th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $97.17.

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.