Cantillon Capital Management LLC Has $304.26 Million Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Cantillon Capital Management LLC reduced its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,978,807 shares of the technology company's stock after selling 119,947 shares during the quarter. SS&C Technologies comprises about 2.0% of Cantillon Capital Management LLC's portfolio, making the stock its 27th largest position. Cantillon Capital Management LLC owned about 2.01% of SS&C Technologies worth $304,255,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SSNC. Carret Asset Management LLC boosted its position in SS&C Technologies by 2.5% during the 4th quarter. Carret Asset Management LLC now owns 7,070 shares of the technology company's stock worth $432,000 after buying an additional 175 shares during the period. SkyView Investment Advisors LLC grew its stake in shares of SS&C Technologies by 4.0% in the third quarter. SkyView Investment Advisors LLC now owns 4,963 shares of the technology company's stock worth $261,000 after purchasing an additional 192 shares during the last quarter. AlphaMark Advisors LLC increased its holdings in SS&C Technologies by 2.1% in the fourth quarter. AlphaMark Advisors LLC now owns 9,240 shares of the technology company's stock valued at $565,000 after purchasing an additional 194 shares during the period. Arizona State Retirement System raised its position in SS&C Technologies by 0.3% during the 4th quarter. Arizona State Retirement System now owns 61,366 shares of the technology company's stock worth $3,750,000 after purchasing an additional 196 shares during the last quarter. Finally, Argent Trust Co lifted its holdings in SS&C Technologies by 1.4% during the 3rd quarter. Argent Trust Co now owns 19,040 shares of the technology company's stock worth $1,000,000 after buying an additional 256 shares during the period. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SSNC. Jefferies Financial Group raised their price objective on SS&C Technologies from $54.00 to $61.00 and gave the stock a "hold" rating in a research report on Monday, April 29th. Citigroup lifted their target price on shares of SS&C Technologies from $70.00 to $71.00 and gave the stock a "buy" rating in a research note on Thursday, February 15th. Needham & Company LLC upped their price target on shares of SS&C Technologies from $70.00 to $74.00 and gave the company a "buy" rating in a research report on Friday, April 26th. StockNews.com raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Monday, January 29th. Finally, Truist Financial boosted their price objective on SS&C Technologies from $55.00 to $60.00 and gave the company a "hold" rating in a research note on Wednesday, February 14th. Three 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's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $70.20.

SS&C Technologies Stock Down 0.7 %

NASDAQ:SSNC traded down $0.46 on Friday, hitting $62.96. The stock had a trading volume of 885,597 shares, compared to its average volume of 965,014. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. SS&C Technologies Holdings, Inc. has a 52 week low of $46.61 and a 52 week high of $65.86. The business's fifty day moving average is $62.46 and its 200 day moving average is $59.81. The company has a market cap of $15.57 billion, a PE ratio of 25.19 and a beta of 1.42.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its earnings results on Tuesday, February 13th. The technology company reported $1.13 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.13. The company had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.39 billion. SS&C Technologies had a return on equity of 17.10% and a net margin of 11.46%. On average, equities research analysts expect that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Thursday, February 29th. SS&C Technologies's payout ratio is presently 38.25%.

SS&C Technologies Company 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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