SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) is Sunriver Management LLC’s 9th Largest Position

Sunriver Management LLC cut its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 14.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 536,237 shares of the technology company’s stock after selling 88,718 shares during the period. SS&C Technologies comprises 4.9% of Sunriver Management LLC’s portfolio, making the stock its 9th biggest position. Sunriver Management LLC owned 0.22% of SS&C Technologies worth $40,636,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. XTX Topco Ltd purchased a new position in SS&C Technologies during the 3rd quarter valued at about $218,000. MML Investors Services LLC increased its holdings in SS&C Technologies by 8.8% during the third quarter. MML Investors Services LLC now owns 10,547 shares of the technology company’s stock valued at $783,000 after buying an additional 853 shares during the period. Geode Capital Management LLC raised its stake 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 buying an additional 64,299 shares in the last quarter. Toronto Dominion Bank raised its stake in SS&C Technologies by 26.4% in the third quarter. Toronto Dominion Bank now owns 32,136 shares of the technology company’s stock worth $2,385,000 after buying an additional 6,721 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in SS&C Technologies during the third quarter worth $372,000. Institutional investors own 96.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on SSNC shares. DA Davidson decreased their price target on shares of SS&C Technologies from $102.00 to $100.00 and set a “buy” rating for the company in a research report on Friday. Royal Bank of Canada increased their price objective on SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Needham & Company LLC increased their price target on SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, February 7th. UBS Group boosted their price target on SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Finally, Raymond James boosted their target price on shares of SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 7th. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $97.17.

SS&C Technologies Stock Performance

Shares of NASDAQ SSNC opened at $76.07 on Monday. The stock has a market cap of $18.74 billion, a price-to-earnings ratio of 25.36 and a beta of 1.31. SS&C Technologies Holdings, Inc. has a 12 month low of $59.63 and a 12 month high of $89.73. The company has a 50 day simple moving average of $83.42 and a two-hundred day simple moving average of $78.46. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, beating 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 predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.31%. The ex-dividend date was Monday, March 3rd. SS&C Technologies’s dividend payout ratio (DPR) is 33.33%.

Insider Activity at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 23,000 shares of the 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 sale, the director now directly owns 23,200 shares of the company’s stock, valued at $2,050,648. This represents a 49.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jason Douglas White sold 71,000 shares of the firm’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 owns 6,412 shares in the company, valued at $570,411.52. This trade represents a 91.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.40% of the stock is owned by company insiders.

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.