New South Capital Management Inc. Lowers Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

New South Capital Management Inc. cut its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 6.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 656,771 shares of the technology company's stock after selling 41,837 shares during the quarter. SS&C Technologies accounts for 2.6% of New South Capital Management Inc.'s investment portfolio, making the stock its 12th largest holding. New South Capital Management Inc. owned about 0.27% of SS&C Technologies worth $54,860,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in SSNC. Atwood & Palmer Inc. lifted its position in shares of SS&C Technologies by 125.8% during the 1st quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock valued at $25,000 after acquiring an additional 166 shares during the period. Parkside Financial Bank & Trust increased its stake in 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 in the last quarter. True Wealth Design LLC raised its holdings in shares of SS&C Technologies by 163.6% during 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 boosted its position in shares of SS&C Technologies by 239.3% during the 4th quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock worth $42,000 after purchasing an additional 390 shares in the last quarter. Finally, Rialto Wealth Management LLC acquired a new stake in shares of SS&C Technologies in the 4th quarter valued at about $64,000. 96.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Michael Jay Zamkow sold 12,500 shares of SS&C Technologies stock in a transaction 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 transaction, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan E. Michael acquired 2,700 shares of the company'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 acquisition, the director directly owned 72,776 shares in the company, valued at $5,496,771.28. This represents a 3.85% increase in their position. The disclosure for this purchase can be found here. 16.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on SSNC shares. Raymond James Financial lowered their target price on SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating on the stock in a research report on Friday, April 25th. Needham & Company LLC dropped their price objective on SS&C Technologies from $105.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Wall Street Zen raised shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. DA Davidson reduced 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 research report on Monday, April 28th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $86.00 price objective (down previously from $90.00) on shares of SS&C Technologies in a research note on Friday, April 25th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $91.86.

SS&C Technologies Stock Performance

SSNC traded up $0.49 during midday trading on Friday, reaching $83.51. The company had a trading volume of 992,907 shares, compared to its average volume of 1,330,578. SS&C Technologies Holdings, Inc. has a 12-month low of $61.13 and a 12-month high of $89.73. The business has a 50-day moving average price of $79.79 and a two-hundred day moving average price of $80.28. The stock has a market cap of $20.60 billion, a PE ratio of 25.93 and a beta of 1.23. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.11 and a current ratio of 1.11.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The technology company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.03. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. SS&C Technologies had a return on equity of 18.68% and a net margin of 13.69%. SS&C Technologies's revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.28 earnings per share. On average, sell-side analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

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

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.