River Road Asset Management LLC Lowers Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

River Road Asset Management LLC cut its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,265 shares of the technology company’s stock after selling 3,379 shares during the quarter. River Road Asset Management LLC owned about 0.06% of SS&C Technologies worth $8,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of SSNC. American Century Companies Inc. raised its position in shares of SS&C Technologies by 18.1% during the 1st quarter. American Century Companies Inc. now owns 4,476 shares of the technology company’s stock valued at $335,000 after buying an additional 685 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of SS&C Technologies by 19.1% during the 1st quarter. Private Advisor Group LLC now owns 3,591 shares of the technology company’s stock worth $270,000 after acquiring an additional 577 shares during the last quarter. MetLife Investment Management LLC bought a new stake in shares of SS&C Technologies during the 1st quarter worth $336,000. Rhumbline Advisers lifted its holdings in shares of SS&C Technologies by 13.0% during the 1st quarter. Rhumbline Advisers now owns 210,330 shares of the technology company’s stock worth $15,779,000 after acquiring an additional 24,230 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its holdings in shares of SS&C Technologies by 10.6% during the 1st quarter. Yousif Capital Management LLC now owns 4,780 shares of the technology company’s stock worth $359,000 after acquiring an additional 460 shares during the last quarter. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SSNC has been the subject of a number of research analyst reports. StockNews.com raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, January 29th. TheStreet raised shares of SS&C Technologies from a “c+” rating to a “b” rating in a report on Friday, February 23rd. UBS Group lifted their price objective on shares of SS&C Technologies from $72.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Needham & Company LLC boosted their price target on shares of SS&C Technologies from $62.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Finally, DA Davidson reissued a “buy” rating and issued a $78.00 price target on shares of SS&C Technologies in a research note on Tuesday. Two 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $70.78.

SS&C Technologies Stock Performance

SS&C Technologies stock opened at $60.24 on Thursday. The firm has a fifty day simple moving average of $62.89 and a two-hundred day simple moving average of $58.75. SS&C Technologies Holdings, Inc. has a twelve month low of $46.61 and a twelve month high of $65.86. The company has a market capitalization of $14.89 billion, a PE ratio of 25.31 and a beta of 1.43. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.13. SS&C Technologies had a net margin of 11.03% and a return on equity of 16.74%. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Research analysts expect that SS&C Technologies Holdings, Inc. will post 4.61 EPS for the current year.

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Thursday, February 29th. SS&C Technologies’s payout ratio is 40.34%.

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.