SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Stock Holdings Lessened by Reinhart Partners LLC.

Reinhart Partners LLC. lowered its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 16.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 237,621 shares of the technology company’s stock after selling 46,996 shares during the period. Reinhart Partners LLC.’s holdings in SS&C Technologies were worth $18,007,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. SkyView Investment Advisors LLC increased its holdings in shares of SS&C Technologies by 2.2% in the third quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company’s stock valued at $475,000 after buying an additional 137 shares in the last quarter. Janney Montgomery Scott LLC grew its position in SS&C Technologies by 0.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 46,282 shares of the technology company’s stock worth $3,435,000 after purchasing an additional 196 shares in the last quarter. Tectonic Advisors LLC grew its position in SS&C Technologies by 2.9% during the 3rd quarter. Tectonic Advisors LLC now owns 7,064 shares of the technology company’s stock worth $524,000 after purchasing an additional 198 shares in the last quarter. Summit Trail Advisors LLC grew its position in SS&C Technologies by 2.9% during the 2nd quarter. Summit Trail Advisors LLC now owns 7,112 shares of the technology company’s stock worth $446,000 after purchasing an additional 203 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its position in SS&C Technologies by 43.3% during the 2nd quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company’s stock worth $42,000 after purchasing an additional 204 shares in the last quarter. Institutional investors own 96.95% of the company’s stock.

SS&C Technologies Price Performance

Shares of NASDAQ SSNC traded up $0.54 during mid-day trading on Monday, hitting $75.29. 737,136 shares of the stock were exchanged, compared to its average volume of 997,342. The company has a market cap of $18.65 billion, a P/E ratio of 26.99 and a beta of 1.37. The stock’s fifty day simple moving average is $75.53 and its two-hundred day simple moving average is $72.87. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. SS&C Technologies Holdings, Inc. has a twelve month low of $59.18 and a twelve month high of $77.69.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Thursday, October 24th. The technology company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.03. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.33%. The company’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business posted $1.04 earnings per share. As a group, analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date was Monday, December 2nd. SS&C Technologies’s dividend payout ratio is currently 35.84%.

Insider Activity at SS&C Technologies

In other news, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the transaction, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at $494,172.84. This trade represents a 91.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO William C. Stone sold 247,300 shares of SS&C Technologies stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $76.61, for a total transaction of $18,945,653.00. Following the transaction, the chief executive officer now directly owns 31,837,926 shares in the company, valued at approximately $2,439,103,510.86. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 449,000 shares of company stock valued at $34,461,478 over the last quarter. Corporate insiders own 15.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on SSNC shares. DA Davidson reiterated a “buy” rating and issued a $92.00 price objective on shares of SS&C Technologies in a report on Thursday, October 10th. StockNews.com cut shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. Raymond James boosted their target price on shares of SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 25th. Royal Bank of Canada boosted their target price on shares of SS&C Technologies from $75.00 to $86.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. Finally, Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of SS&C Technologies in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.75.

SS&C Technologies Company 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.