Vulcan Value Partners LLC Reduces Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Vulcan Value Partners LLC cut its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 9.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,213,072 shares of the technology company's stock after selling 122,798 shares during the quarter. SS&C Technologies accounts for approximately 1.5% of Vulcan Value Partners LLC's investment portfolio, making the stock its 19th largest position. Vulcan Value Partners LLC owned 0.49% of SS&C Technologies worth $91,888,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SSNC. Kestra Investment Management LLC bought a new stake in shares of SS&C Technologies in the 4th quarter worth about $39,000. Parkside Financial Bank & Trust grew its position in SS&C Technologies by 76.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock worth $40,000 after acquiring an additional 229 shares in the last quarter. Financial Perspectives Inc bought a new stake in SS&C Technologies during the fourth quarter worth approximately $51,000. Rialto Wealth Management LLC purchased a new stake in SS&C Technologies during the fourth quarter valued at approximately $64,000. Finally, CENTRAL TRUST Co bought a new stake in shares of SS&C Technologies in the 4th quarter valued at approximately $65,000. Institutional investors own 96.95% of the company's stock.

Insider Buying and Selling at SS&C Technologies

In other SS&C Technologies news, SVP Jason Douglas White sold 71,000 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total value of $6,316,160.00. Following the completion of the transaction, the senior vice president now owns 6,412 shares in the company, valued at approximately $570,411.52. This represents a 91.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael Jay Zamkow sold 23,000 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total value of $2,032,970.00. Following the sale, the director now owns 23,200 shares in the company, valued at $2,050,648. This trade represents a 49.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 16.40% of the company's stock.

SS&C Technologies Stock Performance

Shares of SSNC traded up $1.53 during trading hours on Tuesday, reaching $74.91. 2,206,657 shares of the company traded hands, compared to its average volume of 1,273,932. 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 business has a fifty day moving average price of $80.65 and a 200-day moving average price of $78.56. SS&C Technologies Holdings, Inc. has a 12-month low of $60.01 and a 12-month high of $89.73. The stock has a market capitalization of $18.46 billion, a P/E ratio of 24.97 and a beta of 1.31.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.03. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the business earned $1.28 EPS. The company's quarterly revenue was up 5.5% compared to the same quarter last year. Equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently declared 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. This represents a $1.00 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Monday, March 3rd. SS&C Technologies's dividend payout ratio is presently 31.06%.

Analyst Upgrades and Downgrades

SSNC has been the topic of several recent research reports. Needham & Company LLC decreased their price target on SS&C Technologies from $105.00 to $90.00 and set a "buy" rating on the stock in a report on Friday. DA Davidson lowered their target price on shares of SS&C Technologies from $100.00 to $94.00 and set a "buy" rating for the company in a report on Monday. UBS Group upped their price target on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a report on Monday, February 3rd. Jefferies Financial Group raised shares of SS&C Technologies from a "hold" rating to a "buy" rating and raised their price objective for the stock from $70.00 to $94.00 in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $86.00 target price (down previously from $90.00) on shares of SS&C Technologies in a research note on Friday. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $91.86.

SS&C Technologies 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.