Reinhart Partners LLC. Reduces Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Reinhart Partners LLC. cut its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNCFree Report) by 2.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 330,384 shares of the technology company’s stock after selling 8,865 shares during the period. Reinhart Partners LLC. owned 0.13% of SS&C Technologies worth $21,267,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its holdings in SS&C Technologies by 14.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,292 shares of the technology company’s stock worth $79,000 after buying an additional 166 shares during the period. Carret Asset Management LLC lifted its holdings in SS&C Technologies by 2.5% in the fourth quarter. Carret Asset Management LLC now owns 7,070 shares of the technology company’s stock worth $432,000 after buying an additional 175 shares during the period. Scotia Capital Inc. lifted its holdings in SS&C Technologies by 0.3% in the fourth quarter. Scotia Capital Inc. now owns 55,124 shares of the technology company’s stock worth $3,369,000 after buying an additional 191 shares during the period. SkyView Investment Advisors LLC lifted its holdings in SS&C Technologies by 4.0% in the third quarter. SkyView Investment Advisors LLC now owns 4,963 shares of the technology company’s stock worth $261,000 after buying an additional 192 shares during the period. Finally, AlphaMark Advisors LLC lifted its holdings in SS&C Technologies by 2.1% in the fourth quarter. AlphaMark Advisors LLC now owns 9,240 shares of the technology company’s stock worth $565,000 after buying an additional 194 shares during the period. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

SS&C Technologies Stock Up 0.9 %

Shares of SSNC traded up $0.55 on Tuesday, hitting $61.88. 820,808 shares of the stock traded hands, compared to its average volume of 961,097. The company has a market capitalization of $15.30 billion, a PE ratio of 24.65 and a beta of 1.37. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. The business has a 50 day simple moving average of $61.87 and a 200 day simple moving average of $61.68. SS&C Technologies Holdings, Inc. has a one year low of $46.61 and a one year high of $65.86.

SS&C Technologies (NASDAQ:SSNCGet Free Report) last announced its earnings results on Thursday, April 25th. The technology company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.03. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.42 billion. SS&C Technologies had a net margin of 11.46% and a return on equity of 17.10%. As a group, equities analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a dividend of $0.24 per share. The ex-dividend date was Monday, June 3rd. This represents a $0.96 dividend on an annualized basis and a yield of 1.55%. SS&C Technologies’s dividend payout ratio is presently 38.25%.

Wall Street Analysts Forecast Growth

SSNC has been the subject of several recent research reports. Jefferies Financial Group lifted their target price on shares of SS&C Technologies from $54.00 to $61.00 and gave the company a “hold” rating in a report on Monday, April 29th. DA Davidson reiterated a “buy” rating and set a $78.00 target price on shares of SS&C Technologies in a report on Tuesday, April 16th. Needham & Company LLC lifted their target price on shares of SS&C Technologies from $70.00 to $74.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, TheStreet upgraded shares of SS&C Technologies from a “c+” rating to a “b” rating in a report on Friday, February 23rd. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $70.20.

View Our Latest Report on SSNC

Insider Buying and Selling at SS&C Technologies

In other SS&C Technologies news, Director Michael Jay Zamkow sold 5,000 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $63.14, for a total transaction of $315,700.00. Following the completion of the sale, the director now directly owns 38,000 shares in the company, valued at approximately $2,399,320. The sale was disclosed in a document filed with the SEC, which is available through this link. In the last ninety days, insiders sold 32,500 shares of company stock worth $2,027,750. Insiders own 15.40% of the company’s stock.

SS&C Technologies Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for SS&C Technologies (NASDAQ:SSNC)

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