Skylands Capital LLC Trims Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Skylands Capital LLC lowered its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 14.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,125 shares of the technology company's stock after selling 12,100 shares during the period. Skylands Capital LLC's holdings in SS&C Technologies were worth $6,025,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SSNC. Boston Partners raised its position in SS&C Technologies by 283.1% during the 4th quarter. Boston Partners now owns 5,279,386 shares of the technology company's stock worth $400,161,000 after buying an additional 3,901,227 shares during the last quarter. Norges Bank purchased a new position in shares of SS&C Technologies during the fourth quarter worth $205,475,000. Bank of America Corp DE lifted its position in SS&C Technologies by 64.9% during the fourth quarter. Bank of America Corp DE now owns 2,235,142 shares of the technology company's stock valued at $169,379,000 after purchasing an additional 880,058 shares during the period. Senator Investment Group LP lifted its position in SS&C Technologies by 133.7% during the fourth quarter. Senator Investment Group LP now owns 1,519,175 shares of the technology company's stock valued at $115,123,000 after purchasing an additional 869,175 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in SS&C Technologies by 52.4% in the fourth quarter. AQR Capital Management LLC now owns 2,270,232 shares of the technology company's stock valued at $172,038,000 after purchasing an additional 780,616 shares during the last quarter. Hedge funds and other institutional investors own 96.95% of the company's stock.

SS&C Technologies Price Performance

NASDAQ SSNC traded down $0.30 on Wednesday, hitting $83.02. The company had a trading volume of 1,066,358 shares, compared to its average volume of 1,321,310. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.11 and a quick ratio of 1.11. The company's fifty day moving average price is $79.32 and its 200-day moving average price is $80.12. The company has a market capitalization of $20.48 billion, a PE ratio of 25.78 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a 12-month low of $61.13 and a 12-month high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.03. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. SS&C Technologies had a net margin of 13.69% and a return on equity of 18.68%. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.28 earnings per share. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Monday, June 2nd. SS&C Technologies's dividend payout ratio is currently 31.06%.

Wall Street Analysts Forecast Growth

SSNC has been the subject of several analyst reports. Raymond James Financial decreased their price objective on SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating for the company in a report on Friday, April 25th. Wall Street Zen raised shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $86.00 target price (down from $90.00) on shares of SS&C Technologies in a research note on Friday, April 25th. Needham & Company LLC dropped their price target on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, DA Davidson cut their price objective on shares of SS&C Technologies from $100.00 to $94.00 and set a "buy" rating for the company in a report on Monday, April 28th. One analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $91.86.

Insider Activity

In other SS&C Technologies news, Director Jonathan E. Michael acquired 2,700 shares of the business's stock in a transaction on Thursday, May 1st. The stock was bought at an average price of $75.53 per share, for a total transaction of $203,931.00. Following the acquisition, the director owned 72,776 shares in the company, valued at approximately $5,496,771.28. The trade was a 3.85% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael Jay Zamkow sold 12,500 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $79.92, for a total transaction of $999,000.00. Following the completion of the transaction, the director directly owned 12,476 shares in the company, valued at $997,081.92. This trade represents a 50.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 16.40% of the company's stock.

SS&C Technologies Company 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.