Burgundy Asset Management Ltd. Has $379.21 Million Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Burgundy Asset Management Ltd. cut its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 2.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,004,107 shares of the technology company's stock after selling 113,452 shares during the quarter. SS&C Technologies accounts for 3.8% of Burgundy Asset Management Ltd.'s portfolio, making the stock its largest position. Burgundy Asset Management Ltd. owned about 2.02% of SS&C Technologies worth $379,211,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Kestra Investment Management LLC bought a new position in SS&C Technologies during the fourth quarter valued at approximately $39,000. Parkside Financial Bank & Trust raised its position in shares of SS&C Technologies by 76.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock valued at $40,000 after purchasing an additional 229 shares during the period. True Wealth Design LLC raised its position in shares of SS&C Technologies by 163.6% in the fourth quarter. True Wealth Design LLC now owns 551 shares of the technology company's stock valued at $42,000 after purchasing an additional 342 shares during the period. Colonial Trust Co SC raised its position in shares of SS&C Technologies by 239.3% in the fourth quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock valued at $42,000 after purchasing an additional 390 shares during the period. Finally, Financial Perspectives Inc bought a new position in shares of SS&C Technologies in the fourth quarter valued at approximately $51,000. 96.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other SS&C Technologies news, Director Michael Jay Zamkow sold 12,500 shares of the firm's stock in a transaction dated 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 transaction, the director now owns 12,476 shares in the company, valued at $997,081.92. This trade represents a 50.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan E. Michael bought 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, with a total value of $203,931.00. Following the purchase, the director now owns 72,776 shares in the company, valued at $5,496,771.28. This trade represents 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 SS&C Technologies stock traded up $1.15 during trading on Tuesday, reaching $80.94. The company's stock had a trading volume of 1,122,522 shares, compared to its average volume of 1,529,854. The firm has a market cap of $19.96 billion, a PE ratio of 26.98 and a beta of 1.24. The business's 50-day moving average price is $78.15 and its 200-day moving average price is $79.26. SS&C Technologies Holdings, Inc. has a 52 week low of $60.01 and a 52 week high of $89.73. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its earnings results on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.41 by $0.03. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. The business's quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.28 earnings per share. Equities analysts forecast 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, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Monday, June 2nd. SS&C Technologies's payout ratio is 31.06%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SSNC. DA Davidson lowered their price objective on shares of SS&C Technologies from $100.00 to $94.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $86.00 target price (down previously from $90.00) on shares of SS&C Technologies in a research note on Friday, April 25th. Wall Street Zen upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. Jefferies Financial Group raised SS&C Technologies from a "hold" rating to a "buy" rating and lifted their price target for the company from $70.00 to $94.00 in a report on Monday, February 3rd. Finally, Needham & Company LLC reduced 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. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, SS&C Technologies presently has a consensus rating of "Buy" and a consensus target price of $91.86.

About SS&C Technologies

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.