Oldfield Partners LLP Trims Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Oldfield Partners LLP cut its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 35.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 550,600 shares of the technology company’s stock after selling 299,200 shares during the period. SS&C Technologies makes up approximately 12.1% of Oldfield Partners LLP’s investment portfolio, making the stock its 4th largest holding. Oldfield Partners LLP’s holdings in SS&C Technologies were worth $41,724,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Janus Henderson Group PLC lifted its holdings in SS&C Technologies by 5.4% during the third quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company’s stock worth $1,191,774,000 after acquiring an additional 817,501 shares in the last quarter. State Street Corp lifted its holdings in shares of SS&C Technologies by 2.2% in the third quarter. State Street Corp now owns 5,624,174 shares of the technology company’s stock valued at $417,370,000 after purchasing an additional 121,223 shares in the last quarter. FMR LLC lifted its holdings in shares of SS&C Technologies by 1.5% in the third quarter. FMR LLC now owns 3,984,057 shares of the technology company’s stock valued at $295,657,000 after purchasing an additional 58,389 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of SS&C Technologies by 1.8% in the third quarter. Geode Capital Management LLC now owns 3,621,022 shares of the technology company’s stock valued at $268,075,000 after purchasing an additional 64,299 shares in the last quarter. Finally, Alkeon Capital Management LLC lifted its holdings in shares of SS&C Technologies by 9.4% in the third quarter. Alkeon Capital Management LLC now owns 2,316,252 shares of the technology company’s stock valued at $171,889,000 after purchasing an additional 198,111 shares in the last quarter. 96.95% of the stock is currently owned by institutional investors.

Insider Transactions at SS&C Technologies

In related news, CEO William C. Stone sold 132,700 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $76.85, for a total value of $10,197,995.00. Following the transaction, the chief executive officer now owns 31,837,926 shares of the company’s stock, valued at approximately $2,446,744,613.10. This trade represents a 0.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the transaction, the senior vice president now directly owns 6,412 shares in the company, valued at approximately $494,172.84. This represents a 91.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 449,000 shares of company stock valued at $34,461,478 in the last 90 days. 15.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. DA Davidson reissued a “buy” rating and set a $92.00 price target on shares of SS&C Technologies in a research report on Thursday, October 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of SS&C Technologies in a research report on Friday, October 25th. Raymond James upped their target price on SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a research report on Friday, October 25th. Finally, StockNews.com downgraded SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, SS&C Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.75.

SS&C Technologies Stock Performance

Shares of SS&C Technologies stock opened at $81.05 on Wednesday. The company has a market cap of $20.07 billion, a P/E ratio of 29.05 and a beta of 1.37. The business has a 50-day moving average price of $76.80 and a two-hundred day moving average price of $74.26. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a 1-year low of $59.53 and a 1-year high of $81.52.

SS&C Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.23%. SS&C Technologies’s dividend payout ratio (DPR) is presently 35.84%.

SS&C Technologies Company Profile

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.