SS&C Technologies Holdings, Inc. $SSNC Stake Decreased by New South Capital Management Inc.

New South Capital Management Inc. lowered its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 33.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 346,910 shares of the technology company’s stock after selling 176,187 shares during the period. SS&C Technologies makes up approximately 1.8% of New South Capital Management Inc.’s investment portfolio, making the stock its 17th largest position. New South Capital Management Inc. owned 0.15% of SS&C Technologies worth $26,736,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of SS&C Technologies in the second quarter worth $1,043,987,000. Pzena Investment Management LLC raised its stake in shares of 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 in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of 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 in the last quarter. Jupiter Topco LLC acquired a new stake in shares of SS&C Technologies in the second quarter valued at $178,337,000. Finally, Robeco Institutional Asset Management B.V. boosted its holdings 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 purchasing an additional 102,252 shares during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SSNC shares. BWS Financial reissued a “buy” rating on shares of SS&C Technologies in a research note on Wednesday, September 9th. Weiss Ratings upgraded SS&C Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, September 25th. Zacks Research cut SS&C Technologies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 20th. Royal Bank Of Canada boosted their price objective on SS&C Technologies from $92.00 to $101.00 and gave the stock an “outperform” rating in a research report on Monday, August 31st. Finally, UBS Group restated a “buy” rating on shares of SS&C Technologies 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 given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, SS&C Technologies has an average rating of “Moderate Buy” and a consensus target price of $96.57.

SS&C Technologies Price Performance

Shares of SSNC opened at $79.44 on Thursday. The firm has a market capitalization of $18.65 billion, a price-to-earnings ratio of 22.83 and a beta of 1.04. The firm’s fifty day simple moving average is $80.76 and its 200-day simple moving average is $74.13. SS&C Technologies Holdings, Inc. has a twelve month low of $61.40 and a twelve 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 issued its earnings results on Thursday, October 22nd. The technology company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates 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%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.57 earnings per share. Equities analysts forecast that SS&C Technologies Holdings, Inc. will post 6.38 EPS for the current fiscal year.

SS&C Technologies Increases Dividend

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

SS&C Technologies 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.