Cantillon Capital Management LLC Sells 46,590 Shares of SS&C Technologies Holdings, Inc. $SSNC

Cantillon Capital Management LLC lowered its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,226,357 shares of the technology company’s stock after selling 46,590 shares during the period. SS&C Technologies makes up 2.1% of Cantillon Capital Management LLC’s investment portfolio, making the stock its 24th largest position. Cantillon Capital Management LLC’s holdings in SS&C Technologies were worth $375,131,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. UNIVEST FINANCIAL Corp raised its stake in SS&C Technologies by 0.8% in the third quarter. UNIVEST FINANCIAL Corp now owns 140,405 shares of the technology company’s stock valued at $12,462,000 after purchasing an additional 1,085 shares in the last quarter. Covestor Ltd increased its holdings in shares of SS&C Technologies by 501.4% in the 3rd quarter. Covestor Ltd now owns 1,245 shares of the technology company’s stock worth $111,000 after buying an additional 1,038 shares during the last quarter. Tranquility Partners LLC purchased a new stake in shares of SS&C Technologies during the 3rd quarter valued at $241,000. Rakuten Investment Management Inc. purchased a new stake in shares of SS&C Technologies during the 3rd quarter valued at $3,420,000. Finally, Vest Financial LLC lifted its holdings in shares of SS&C Technologies by 37.2% during the 3rd quarter. Vest Financial LLC now owns 6,009 shares of the technology company’s stock worth $533,000 after acquiring an additional 1,628 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on SSNC shares. Jefferies Financial Group increased their target price on SS&C Technologies from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Wall Street Zen upgraded SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Royal Bank Of Canada raised their price objective on SS&C Technologies from $97.00 to $99.00 and gave the company an “outperform” rating in a report on Friday, October 24th. UBS Group upped their target price on SS&C Technologies from $110.00 to $112.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of SS&C Technologies in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $102.25.

Insider Buying and Selling at SS&C Technologies

In related news, Director Normand A. Boulanger sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $85.85, for a total value of $12,877,500.00. Following the sale, the director directly owned 386,924 shares of the company’s stock, valued at $33,217,425.40. This trade represents a 27.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 16.40% of the company’s stock.

SS&C Technologies Stock Up 1.4%

Shares of SS&C Technologies stock opened at $85.83 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.12 and a current ratio of 1.12. SS&C Technologies Holdings, Inc. has a 52-week low of $69.61 and a 52-week high of $91.07. The company’s 50 day moving average price is $86.41 and its 200-day moving average price is $86.07. The stock has a market capitalization of $20.95 billion, a price-to-earnings ratio of 25.47 and a beta of 1.19.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings results on Thursday, October 23rd. The technology company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.10. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.55 billion. SS&C Technologies had a net margin of 13.86% and a return on equity of 19.80%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.29 EPS. Equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, December 1st. SS&C Technologies’s dividend payout ratio is 32.05%.

About SS&C Technologies

SS&C Technologies is a global provider of software and services for the financial services industry, offering technology and outsourcing solutions that support investment managers, asset servicing firms, insurance companies, private equity and real estate managers, hedge funds, wealth managers and other financial institutions. The company’s offerings span front-, middle- and back-office functionality, enabling clients to automate trading, portfolio accounting, reconciliation, performance measurement, risk and compliance, and client reporting.

SS&C delivers its capabilities through a mix of licensed software, cloud-based SaaS platforms and managed services.