Pzena Investment Management LLC Buys 243,444 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Pzena Investment Management LLC grew its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,472,892 shares of the technology company's stock after buying an additional 243,444 shares during the quarter. SS&C Technologies accounts for about 3.3% of Pzena Investment Management LLC's investment portfolio, making the stock its 9th largest holding. Pzena Investment Management LLC owned about 5.85% of SS&C Technologies worth $884,438,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in SSNC. Boston Partners grew its position in shares of SS&C Technologies by 5.3% in the 3rd quarter. Boston Partners now owns 8,687,812 shares of the technology company's stock worth $455,894,000 after acquiring an additional 435,377 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of SS&C Technologies by 1.5% during the fourth quarter. Franklin Resources Inc. now owns 3,871,753 shares of the technology company's stock worth $236,603,000 after purchasing an additional 56,002 shares during the period. Norges Bank bought a new position in shares of SS&C Technologies in the 4th quarter worth about $168,860,000. Dimensional Fund Advisors LP boosted its holdings in shares of SS&C Technologies by 9.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,310,330 shares of the technology company's stock valued at $141,190,000 after buying an additional 199,780 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH grew its position in shares of SS&C Technologies by 5.4% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,526,070 shares of the technology company's stock valued at $80,180,000 after buying an additional 77,551 shares during the last quarter. Institutional investors and hedge funds own 96.95% of the company's stock.

SS&C Technologies Price Performance

Shares of NASDAQ:SSNC traded down $0.35 during trading on Wednesday, reaching $62.98. The company had a trading volume of 739,085 shares, compared to its average volume of 965,400. SS&C Technologies Holdings, Inc. has a twelve month low of $46.61 and a twelve month high of $65.86. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market capitalization of $15.58 billion, a PE ratio of 25.09 and a beta of 1.42. The firm's fifty day moving average is $62.56 and its 200 day moving average is $60.72.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its earnings results on Thursday, April 25th. The technology company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.03. SS&C Technologies had a return on equity of 17.10% and a net margin of 11.46%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. On average, equities analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current year.

SS&C Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Monday, June 3rd. SS&C Technologies's dividend payout ratio (DPR) is presently 38.25%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Citigroup lifted their target price on SS&C Technologies from $70.00 to $71.00 and gave the company a "buy" rating in a research note on Thursday, February 15th. Truist Financial upped their price objective on SS&C Technologies from $55.00 to $60.00 and gave the stock a "hold" rating in a research note on Wednesday, February 14th. Royal Bank of Canada boosted their price target on shares of SS&C Technologies from $65.00 to $72.00 and gave the company an "outperform" rating in a report on Wednesday, February 14th. Needham & Company LLC increased their price objective on shares of SS&C Technologies from $70.00 to $74.00 and gave the stock a "buy" rating in a report on Friday, April 26th. Finally, Jefferies Financial Group lifted their price objective on shares of SS&C Technologies from $54.00 to $61.00 and gave the company a "hold" rating in a research report on Monday, April 29th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $70.20.

Insider Buying and Selling at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 10,000 shares of SS&C Technologies stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $63.94, for a total value of $639,400.00. Following the transaction, the director now owns 38,000 shares of the company's stock, valued at approximately $2,429,720. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 15.40% of the stock is owned by corporate insiders.

About SS&C Technologies

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.