SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Boston Partners

Boston Partners trimmed its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 59.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,421,392 shares of the technology company’s stock after selling 2,121,862 shares during the period. Boston Partners’ holdings in SS&C Technologies were worth $91,465,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SSNC. GHP Investment Advisors Inc. raised its holdings in shares of SS&C Technologies by 22.8% in the 4th quarter. GHP Investment Advisors Inc. now owns 104,210 shares of the technology company’s stock worth $6,368,000 after purchasing an additional 19,374 shares during the period. Burgundy Asset Management Ltd. lifted its position in SS&C Technologies by 2.2% during the fourth quarter. Burgundy Asset Management Ltd. now owns 4,716,792 shares of the technology company’s stock valued at $288,243,000 after buying an additional 101,948 shares in the last quarter. Mackenzie Financial Corp grew its stake in SS&C Technologies by 18.8% during the fourth quarter. Mackenzie Financial Corp now owns 1,017,953 shares of the technology company’s stock worth $62,207,000 after buying an additional 161,165 shares during the period. SG Americas Securities LLC grew its stake in SS&C Technologies by 39.3% during the first quarter. SG Americas Securities LLC now owns 66,879 shares of the technology company’s stock worth $4,305,000 after buying an additional 18,878 shares during the period. Finally, UBS Group AG raised its stake in shares of SS&C Technologies by 24.5% in the 4th quarter. UBS Group AG now owns 401,090 shares of the technology company’s stock valued at $24,511,000 after acquiring an additional 79,029 shares during the period. 96.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Michael Jay Zamkow sold 5,000 shares of SS&C Technologies stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $63.14, for a total value of $315,700.00. Following the completion of the transaction, the director now directly owns 38,000 shares in the company, valued at $2,399,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have sold 32,500 shares of company stock worth $2,027,750. 15.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SSNC. Royal Bank of Canada upped their price target on shares of SS&C Technologies from $72.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Jefferies Financial Group upped their target price on SS&C Technologies from $54.00 to $61.00 and gave the stock a “hold” rating in a research report on Monday, April 29th. Needham & Company LLC raised their target price on SS&C Technologies from $74.00 to $81.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, DA Davidson upped their price target on SS&C Technologies from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, SS&C Technologies currently has an average rating of “Moderate Buy” and an average target price of $70.75.

SS&C Technologies Stock Down 0.8 %

SSNC traded down $0.58 on Friday, reaching $71.59. The company’s stock had a trading volume of 1,242,230 shares, compared to its average volume of 1,192,122. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.14 and a quick ratio of 1.14. SS&C Technologies Holdings, Inc. has a 1 year low of $46.61 and a 1 year high of $73.97. The business’s 50 day moving average is $64.28 and its 200 day moving average is $63.03. The stock has a market cap of $17.71 billion, a price-to-earnings ratio of 28.52 and a beta of 1.38.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Thursday, July 25th. The technology company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.20 by $0.07. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.43 billion. SS&C Technologies had a return on equity of 17.52% and a net margin of 12.33%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.96 EPS. As a group, research analysts forecast that SS&C Technologies Holdings, Inc. will post 4.66 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Monday, June 3rd. SS&C Technologies’s payout ratio is currently 38.25%.

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.