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

Vulcan Value Partners LLC cut its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 9.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,213,072 shares of the technology company’s stock after selling 122,798 shares during the quarter. SS&C Technologies comprises about 1.5% of Vulcan Value Partners LLC’s investment portfolio, making the stock its 19th biggest position. Vulcan Value Partners LLC owned 0.49% of SS&C Technologies worth $91,888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Truist Financial Corp lifted its position in SS&C Technologies by 82.0% during the 4th quarter. Truist Financial Corp now owns 19,078 shares of the technology company’s stock worth $1,446,000 after acquiring an additional 8,598 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its stake in shares of SS&C Technologies by 993.0% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 355,286 shares of the technology company’s stock valued at $26,924,000 after purchasing an additional 322,781 shares during the period. ZWJ Investment Counsel Inc. lifted its position in shares of SS&C Technologies by 3.5% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 330,352 shares of the technology company’s stock worth $25,034,000 after purchasing an additional 11,077 shares in the last quarter. Benson Investment Management Company Inc. purchased a new position in shares of SS&C Technologies in the fourth quarter valued at $5,578,000. Finally, Swedbank AB grew its holdings in SS&C Technologies by 17.5% during the 4th quarter. Swedbank AB now owns 1,753,236 shares of the technology company’s stock valued at $132,860,000 after purchasing an additional 261,275 shares in the last quarter. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. DA Davidson decreased their price objective on shares of SS&C Technologies from $102.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Jefferies Financial Group upgraded SS&C Technologies from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. Royal Bank of Canada increased their target price on SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Needham & Company LLC dropped their price target on shares of SS&C Technologies from $105.00 to $90.00 and set a “buy” rating for the company in a research note on Friday. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $86.00 price objective (down from $90.00) on shares of SS&C Technologies in a report on Friday. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, SS&C Technologies has a consensus rating of “Buy” and a consensus price target of $92.71.

SS&C Technologies Trading Down 6.1 %

SS&C Technologies stock opened at $72.69 on Friday. SS&C Technologies Holdings, Inc. has a 1 year low of $60.01 and a 1 year high of $89.73. The firm’s 50-day moving average is $81.25 and its 200-day moving average is $78.54. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market cap of $17.91 billion, a P/E ratio of 24.23 and a beta of 1.31.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping 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, equities analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Monday, March 3rd. SS&C Technologies’s dividend payout ratio (DPR) is 33.33%.

Insider Buying and Selling at SS&C Technologies

In other SS&C Technologies news, Director Michael Jay Zamkow sold 23,000 shares of the business’s stock in a transaction on 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. The trade was a 49.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Jason Douglas White sold 71,000 shares of the firm’s stock in a transaction on 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 transaction, the senior vice president now directly owns 6,412 shares in the company, valued at $570,411.52. This trade represents a 91.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.40% of the stock is owned by company insiders.

SS&C Technologies Company 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.