Oldfield Partners LLP Sells 116,300 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Oldfield Partners LLP lessened its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 7.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,421,100 shares of the technology company's stock after selling 116,300 shares during the period. SS&C Technologies comprises approximately 12.3% of Oldfield Partners LLP's holdings, making the stock its 3rd biggest holding. Oldfield Partners LLP owned about 0.57% of SS&C Technologies worth $91,476,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Byrne Asset Management LLC lifted its position in SS&C Technologies by 2.1% during the 1st quarter. Byrne Asset Management LLC now owns 17,273 shares of the technology company's stock worth $1,112,000 after buying an additional 363 shares in the last quarter. IFM Investors Pty Ltd lifted its position in SS&C Technologies by 0.4% during the 1st quarter. IFM Investors Pty Ltd now owns 47,246 shares of the technology company's stock worth $3,041,000 after buying an additional 190 shares in the last quarter. Valley National Advisers Inc. lifted its position in SS&C Technologies by 17.9% during the 1st quarter. Valley National Advisers Inc. now owns 5,133 shares of the technology company's stock worth $330,000 after buying an additional 778 shares in the last quarter. Denali Advisors LLC acquired a new position in SS&C Technologies during the 1st quarter worth about $51,000. Finally, AlphaMark Advisors LLC lifted its position in SS&C Technologies by 5.1% during the 1st quarter. AlphaMark Advisors LLC now owns 9,710 shares of the technology company's stock worth $625,000 after buying an additional 470 shares in the last quarter. Institutional investors and hedge funds own 96.95% of the company's stock.

SS&C Technologies Trading Up 0.5 %

Shares of SSNC stock traded up $0.30 on Thursday, reaching $61.52. The company had a trading volume of 764,238 shares, compared to its average volume of 972,922. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.04. The stock has a market cap of $15.21 billion, a PE ratio of 24.51 and a beta of 1.41. The company has a 50-day moving average of $62.59 and a 200-day moving average of $59.41. SS&C Technologies Holdings, Inc. has a 12 month low of $46.61 and a 12 month high of $65.86.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 13th. The technology company reported $1.13 EPS for the quarter, meeting analysts' consensus estimates of $1.13. The company had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.39 billion. SS&C Technologies had a return on equity of 17.24% and a net margin of 11.46%. On average, equities analysts forecast that SS&C Technologies Holdings, Inc. will post 4.61 earnings per share for the current year.

SS&C Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.96 dividend on an annualized basis and a yield of 1.56%. SS&C Technologies's payout ratio is 38.25%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SSNC shares. StockNews.com upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Monday, January 29th. Royal Bank of Canada boosted their price objective on SS&C Technologies from $65.00 to $72.00 and gave the stock an "outperform" rating in a report on Wednesday, February 14th. Citigroup boosted their price objective on SS&C Technologies from $70.00 to $71.00 and gave the stock a "buy" rating in a report on Thursday, February 15th. DA Davidson reissued a "buy" rating and set a $78.00 price objective on shares of SS&C Technologies in a report on Tuesday, April 16th. Finally, TheStreet raised SS&C Technologies from a "c+" rating to a "b" rating in a report on Friday, February 23rd. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, SS&C Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $70.20.

SS&C Technologies Profile

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.

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