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

New South Capital Management Inc. trimmed its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 6.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 656,771 shares of the technology company's stock after selling 41,837 shares during the quarter. SS&C Technologies makes up approximately 2.6% of New South Capital Management Inc.'s investment portfolio, making the stock its 12th biggest 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.

A number of other large investors also recently bought and sold shares of SSNC. Atwood & Palmer Inc. increased its holdings in shares of SS&C Technologies by 125.8% in 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 boosted its position in SS&C Technologies by 76.1% during 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. Colonial Trust Co SC grew its stake in 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 last quarter. True Wealth Design LLC raised its holdings in SS&C Technologies by 163.6% in the fourth quarter. True Wealth Design LLC now owns 551 shares of the technology company's stock worth $42,000 after purchasing an additional 342 shares in the last quarter. Finally, Rialto Wealth Management LLC purchased a new stake in shares of SS&C Technologies during the fourth quarter valued at about $64,000. Institutional investors own 96.95% of the company's stock.

SS&C Technologies Stock Performance

Shares of NASDAQ SSNC traded down $0.30 during mid-day trading on Wednesday, hitting $83.02. The stock had a trading volume of 1,066,358 shares, compared to its average volume of 1,321,310. The firm has a market cap of $20.48 billion, a PE ratio of 25.78 and a beta of 1.24. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.11 and a current ratio of 1.11. The company has a 50 day moving average of $79.32 and a two-hundred day moving average of $80.12. SS&C Technologies Holdings, Inc. has a twelve month low of $61.13 and a twelve month high of $89.73.

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 analysts' consensus estimates of $1.41 by $0.03. SS&C Technologies had a return on equity of 18.68% and a net margin of 13.69%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the prior year, the company earned $1.28 earnings per share. The company's revenue was up 5.5% on a year-over-year basis. Research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently declared 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. This represents a $1.00 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend was Monday, June 2nd. SS&C Technologies's dividend payout ratio is presently 31.06%.

Analyst Ratings Changes

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

Insider Activity 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 dated 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 owned 12,476 shares in the company, valued at approximately $997,081.92. This trade represents a 50.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jonathan E. Michael acquired 2,700 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was bought at an average cost of $75.53 per share, with a total value of $203,931.00. Following the acquisition, the director owned 72,776 shares in the company, valued at approximately $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. Insiders own 16.40% of the company's stock.

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.