New South Capital Management Inc. Sells 176,187 Shares of SS&C Technologies Holdings, Inc. $SSNC

New South Capital Management Inc. lowered its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 33.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 346,910 shares of the technology company’s stock after selling 176,187 shares during the quarter. SS&C Technologies makes up about 1.8% of New South Capital Management Inc.’s holdings, making the stock its 17th biggest position. New South Capital Management Inc.’s holdings in SS&C Technologies were worth $26,736,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of SS&C Technologies in the 2nd quarter valued at $1,043,987,000. Pzena Investment Management LLC lifted its position in SS&C Technologies by 18.6% in the third quarter. Pzena Investment Management LLC now owns 13,093,819 shares of the technology company’s stock valued at $1,009,141,000 after acquiring an additional 2,057,251 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in SS&C Technologies by 2.0% in the first quarter. Dimensional Fund Advisors LP now owns 3,115,616 shares of the technology company’s stock valued at $210,508,000 after acquiring an additional 60,089 shares during the last quarter. Jupiter Topco LLC acquired a new position in SS&C Technologies in the second quarter valued at $178,337,000. Finally, Robeco Institutional Asset Management B.V. boosted its stake in SS&C Technologies by 5.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 2,123,578 shares of the technology company’s stock valued at $163,664,000 after acquiring an additional 102,252 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

SS&C Technologies Stock Performance

Shares of SSNC opened at $79.44 on Thursday. The company’s 50 day simple moving average is $80.76 and its 200-day simple moving average is $74.13. The firm has a market cap of $18.65 billion, a PE ratio of 22.83 and a beta of 1.04. SS&C Technologies Holdings, Inc. has a 12-month low of $61.40 and a 12-month high of $89.93. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.09.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, October 22nd. The technology company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.77 by $0.01. The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.69 billion. SS&C Technologies had a net margin of 12.76% and a return on equity of 21.74%. SS&C Technologies’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.57 EPS. As a group, equities analysts predict that SS&C Technologies Holdings, Inc. will post 6.38 EPS for the current year.

SS&C Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a $0.30 dividend. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, September 1st. SS&C Technologies’s dividend payout ratio (DPR) is presently 34.48%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Weiss Ratings raised SS&C Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, September 25th. BWS Financial reiterated a “buy” rating on shares of SS&C Technologies in a research report on Wednesday, September 9th. Evercore raised SS&C Technologies to an “outperform” rating in a report on Friday, October 23rd. Zacks Research cut SS&C Technologies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 20th. Finally, Needham & Company LLC raised their price target on SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $96.57.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc. provides software and technology-enabled services to financial services and healthcare organizations. Its offerings include software for investment and wealth management, alternative investments, insurance, retirement and healthcare operations, as well as related business process outsourcing and fund administration services. The company was founded in 1986 by William C. Stone and is headquartered in Windsor, Connecticut. Stone serves as chairman and chief executive officer.