SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC lessened its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 8.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,559,007 shares of the technology company’s stock after selling 1,104,896 shares during the quarter. SS&C Technologies accounts for 3.0% of Pzena Investment Management LLC’s investment portfolio, making the stock its 12th biggest position. Pzena Investment Management LLC’s holdings in SS&C Technologies were worth $875,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of SSNC. Janus Henderson Group PLC increased its holdings in SS&C Technologies by 5.4% in the third quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company’s stock valued at $1,191,774,000 after buying an additional 817,501 shares during the last quarter. State Street Corp boosted its position in shares of SS&C Technologies by 2.2% during the third quarter. State Street Corp now owns 5,624,174 shares of the technology company’s stock worth $417,370,000 after buying an additional 121,223 shares during the period. Cantillon Capital Management LLC boosted its position in shares of SS&C Technologies by 0.6% during the fourth quarter. Cantillon Capital Management LLC now owns 4,533,081 shares of the technology company’s stock worth $343,517,000 after buying an additional 25,895 shares during the period. FMR LLC boosted its position in shares of SS&C Technologies by 1.5% during the third quarter. FMR LLC now owns 3,984,057 shares of the technology company’s stock worth $295,657,000 after buying an additional 58,389 shares during the period. Finally, Geode Capital Management LLC lifted its position in SS&C Technologies by 1.8% in the third quarter. Geode Capital Management LLC now owns 3,621,022 shares of the technology company’s stock worth $268,075,000 after purchasing an additional 64,299 shares during the period. Institutional investors and hedge funds own 96.95% of the company’s stock.

Wall Street Analysts Forecast Growth

SSNC has been the topic of several research reports. Royal Bank of Canada upped their price target on SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a report on Friday, February 7th. StockNews.com upgraded SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. Needham & Company LLC increased their price objective on SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, February 7th. DA Davidson increased their price objective on SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Finally, Jefferies Financial Group upgraded SS&C Technologies from a “hold” rating to a “buy” rating and raised their target price for the company from $70.00 to $94.00 in a report on Monday, February 3rd. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $97.50.

SS&C Technologies Price Performance

SSNC opened at $82.88 on Tuesday. The company has a fifty day moving average price of $82.37 and a two-hundred day moving average price of $77.39. 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 52 week low of $59.63 and a 52 week high of $89.73. The firm has a market capitalization of $20.43 billion, a PE ratio of 27.63 and a beta of 1.36.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.09. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. As a group, analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 1.21%. SS&C Technologies’s dividend payout ratio (DPR) is presently 33.33%.

Insiders Place Their Bets

In other news, SVP Jason Douglas White sold 71,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total value of $6,316,160.00. Following the sale, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at approximately $570,411.52. This represents a 91.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Jay Zamkow sold 23,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the completion of the transaction, the director now owns 23,200 shares in the company, valued at approximately $2,050,648. This trade represents a 49.78 % decrease in their position. The disclosure for this sale can be found here. Insiders own 15.40% of the company’s stock.

SS&C Technologies Profile

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.