River Road Asset Management LLC Decreases Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

River Road Asset Management LLC trimmed its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 139,265 shares of the technology company’s stock after selling 3,379 shares during the quarter. River Road Asset Management LLC’s holdings in SS&C Technologies were worth $8,510,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. BlackRock Inc. raised its position in shares of SS&C Technologies by 0.6% during the 1st quarter. BlackRock Inc. now owns 25,698,336 shares of the technology company’s stock valued at $1,451,185,000 after buying an additional 147,148 shares in the last quarter. Vanguard Group Inc. raised its position in SS&C Technologies by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 20,029,098 shares of the technology company’s stock worth $1,502,583,000 after purchasing an additional 266,741 shares during the period. Pzena Investment Management LLC raised its position in SS&C Technologies by 1.4% in the 3rd quarter. Pzena Investment Management LLC now owns 14,229,448 shares of the technology company’s stock worth $747,615,000 after purchasing an additional 197,934 shares during the period. Boston Partners raised its position in 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 purchasing an additional 435,377 shares during the period. Finally, Diamond Hill Capital Management Inc. raised its position in SS&C Technologies by 0.6% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 7,892,663 shares of the technology company’s stock worth $414,681,000 after purchasing an additional 44,764 shares during the period. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

SS&C Technologies Price Performance

Shares of SSNC stock opened at $60.24 on Thursday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $14.89 billion, a P/E ratio of 25.31 and a beta of 1.43. The company’s 50-day simple moving average is $62.89 and its two-hundred day simple moving average is $58.75. SS&C Technologies Holdings, Inc. has a one year low of $46.61 and a one year high of $65.86.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.13. SS&C Technologies had a net margin of 11.03% and a return on equity of 16.74%. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.39 billion. As a group, equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.61 EPS for the current year.

SS&C Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $0.24 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.59%. SS&C Technologies’s dividend payout ratio is presently 40.34%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SSNC shares. StockNews.com raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 29th. DA Davidson reissued a “buy” rating and issued a $78.00 price objective on shares of SS&C Technologies in a research report on Tuesday. TheStreet raised shares of SS&C Technologies from a “c+” rating to a “b” rating in a research report on Friday, February 23rd. Needham & Company LLC increased their price objective on shares of SS&C Technologies from $62.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Finally, UBS Group increased their price objective on shares of SS&C Technologies from $72.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $70.78.

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.