Oldfield Partners LLP Has $44.16 Million Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Key Points

• Oldfield Partners LLP reduced its position in SS&C Technologies by 4.0%, owning 528,700 shares after selling 21,900 shares in the first quarter.
• Institutional investors currently hold 96.95% of SS&C Technologies stock, with significant increases in share ownership reported by multiple firms during the fourth quarter.
• SS&C Technologies declared a quarterly dividend of $0.25 per share, representing a yield of 1.17% and a payout ratio of 31.35%.

Oldfield Partners LLP lowered its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 4.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 528,700 shares of the technology company's stock after selling 21,900 shares during the period. SS&C Technologies makes up 12.9% of Oldfield Partners LLP's holdings, making the stock its 4th biggest holding. Oldfield Partners LLP owned approximately 0.21% of SS&C Technologies worth $44,162,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. boosted its stake in SS&C Technologies by 125.8% during the 1st quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock worth $25,000 after purchasing an additional 166 shares during the period. Larson Financial Group LLC increased its holdings in shares of SS&C Technologies by 634.8% in the 1st quarter. Larson Financial Group LLC now owns 338 shares of the technology company's stock valued at $28,000 after purchasing an additional 292 shares in the last quarter. Whittier Trust Co. purchased a new position in SS&C Technologies during the 1st quarter valued at about $29,000. Colonial Trust Co SC increased its holdings in SS&C Technologies by 239.3% during the 4th quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock valued at $42,000 after acquiring an additional 390 shares in the last quarter. Finally, True Wealth Design LLC increased its holdings in SS&C Technologies by 163.6% during the 4th quarter. True Wealth Design LLC now owns 551 shares of the technology company's stock valued at $42,000 after acquiring an additional 342 shares in the last quarter. Institutional investors and hedge funds own 96.95% of the company's stock.

Insider Transactions at SS&C Technologies

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

SS&C Technologies Stock Performance

Shares of SSNC stock remained flat at $85.18 on Monday. The stock had a trading volume of 1,407,482 shares, compared to its average volume of 1,111,386. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.00. The stock's 50 day simple moving average is $81.57 and its 200-day simple moving average is $81.11. SS&C Technologies Holdings, Inc. has a one year low of $66.83 and a one year high of $89.73. The firm has a market capitalization of $21.01 billion, a PE ratio of 26.70 and a beta of 1.23.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.39 by $0.06. The business had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.52 billion. SS&C Technologies had a return on equity of 19.08% and a net margin of 13.34%. The firm's revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.27 EPS. Sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $0.25 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.00 annualized dividend and a yield of 1.17%. SS&C Technologies's dividend payout ratio is presently 31.35%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wall Street Zen upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. Raymond James Financial lifted their price objective on shares of SS&C Technologies from $90.00 to $95.00 and gave the stock a "strong-buy" rating in a report on Thursday. Needham & Company LLC boosted their price target on shares of SS&C Technologies from $90.00 to $100.00 and gave the company a "buy" rating in a report on Thursday. DA Davidson upped their price objective on shares of SS&C Technologies from $98.00 to $102.00 and gave the stock a "buy" rating in a report on Friday. Finally, Morgan Stanley boosted their price target on shares of SS&C Technologies from $75.00 to $88.00 and gave the stock an "equal weight" rating in a research report on Thursday. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $97.13.

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.