SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Acquired by New South Capital Management Inc.

New South Capital Management Inc. grew its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 41.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 721,812 shares of the technology company’s stock after acquiring an additional 212,685 shares during the quarter. SS&C Technologies comprises 2.0% of New South Capital Management Inc.’s holdings, making the stock its 19th largest position. New South Capital Management Inc.’s holdings in SS&C Technologies were worth $45,236,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SSNC. Norges Bank purchased a new stake in SS&C Technologies during the 4th quarter valued at about $168,860,000. Swedbank AB purchased a new stake in shares of SS&C Technologies in the first quarter valued at approximately $94,939,000. Junto Capital Management LP increased its holdings in shares of SS&C Technologies by 183.0% in the fourth quarter. Junto Capital Management LP now owns 1,471,190 shares of the technology company’s stock valued at $89,904,000 after purchasing an additional 951,269 shares during the last quarter. Capital International Investors lifted its position in SS&C Technologies by 111.1% during the first quarter. Capital International Investors now owns 1,071,540 shares of the technology company’s stock worth $68,975,000 after buying an additional 564,017 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in SS&C Technologies during the first quarter worth $31,305,000. 96.95% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Trading Down 1.2 %

Shares of SSNC stock opened at $72.10 on Friday. The company has a 50-day moving average of $69.66 and a two-hundred day moving average of $64.99. The firm has a market cap of $17.83 billion, a PE ratio of 28.73 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a 1-year low of $46.61 and a 1-year high of $75.10. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.16 and a quick ratio of 1.16.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, July 25th. The technology company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.07. SS&C Technologies had a net margin of 12.33% and a return on equity of 17.43%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the firm earned $0.96 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, analysts predict that SS&C Technologies Holdings, Inc. will post 4.66 EPS for the current year.

SS&C Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be paid a dividend of $0.25 per share. This is a positive change from SS&C Technologies’s previous quarterly dividend of $0.24. The ex-dividend date is Tuesday, September 3rd. This represents a $1.00 annualized dividend and a yield of 1.39%. SS&C Technologies’s dividend payout ratio is presently 39.84%.

Analyst Ratings Changes

SSNC has been the subject of a number of recent research reports. Royal Bank of Canada raised their target price on SS&C Technologies from $72.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Needham & Company LLC lifted their target price on shares of SS&C Technologies from $74.00 to $81.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, DA Davidson boosted their target price on shares of SS&C Technologies from $84.00 to $88.00 and gave the company a “buy” rating in a report on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $70.75.

Insider Activity at SS&C Technologies

In other SS&C Technologies news, Director Michael Jay Zamkow sold 7,500 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $60.46, for a total transaction of $453,450.00. Following the sale, the director now directly owns 41,576 shares in the company, valued at $2,513,684.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other SS&C Technologies news, Director Michael Jay Zamkow sold 7,500 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $60.46, for a total value of $453,450.00. Following the completion of the transaction, the director now owns 41,576 shares in the company, valued at $2,513,684.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Rahul Kanwar sold 412,190 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $73.13, for a total value of $30,143,454.70. Following the completion of the sale, the chief operating officer now owns 57,642 shares in the company, valued at $4,215,359.46. The disclosure for this sale can be found here. Insiders sold 468,190 shares of company stock worth $34,031,675 in the last three months. 15.40% of the stock is owned by company insiders.

SS&C Technologies Profile

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.