SS&C Technologies Holdings, Inc. $SSNC Shares Sold by Cantillon Capital Management LLC

Cantillon Capital Management LLC reduced its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 4,272,947 shares of the technology company’s stock after selling 124,200 shares during the period. SS&C Technologies accounts for 2.0% of Cantillon Capital Management LLC’s portfolio, making the stock its 25th biggest position. Cantillon Capital Management LLC’s holdings in SS&C Technologies were worth $353,800,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kestra Private Wealth Services LLC increased its stake in shares of SS&C Technologies by 29.9% in the 1st quarter. Kestra Private Wealth Services LLC now owns 16,050 shares of the technology company’s stock valued at $1,341,000 after purchasing an additional 3,698 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of SS&C Technologies by 6.8% in the 1st quarter. Bank of New York Mellon Corp now owns 1,191,017 shares of the technology company’s stock valued at $99,486,000 after purchasing an additional 75,807 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of SS&C Technologies by 403.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,865 shares of the technology company’s stock valued at $6,337,000 after purchasing an additional 60,784 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of SS&C Technologies by 31.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 736,523 shares of the technology company’s stock valued at $61,522,000 after purchasing an additional 177,079 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of SS&C Technologies by 47.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 36,933 shares of the technology company’s stock valued at $3,085,000 after purchasing an additional 11,863 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SSNC. Raymond James Financial lifted their price target on SS&C Technologies from $95.00 to $101.00 and gave the company a “strong-buy” rating in a research note on Friday, October 17th. Wall Street Zen raised shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. UBS Group raised their price target on shares of SS&C Technologies from $108.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, August 22nd. DA Davidson raised their price target on shares of SS&C Technologies from $98.00 to $102.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Finally, Morgan Stanley raised their price target on shares of SS&C Technologies from $75.00 to $88.00 and gave the company an “equal weight” rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $98.13.

SS&C Technologies Trading Up 1.4%

SSNC opened at $82.50 on Wednesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. The company’s 50 day simple moving average is $87.16 and its two-hundred day simple moving average is $82.71. SS&C Technologies Holdings, Inc. has a 1-year low of $66.83 and a 1-year high of $91.07. The firm has a market capitalization of $20.15 billion, a price-to-earnings ratio of 25.86 and a beta of 1.23.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.52 billion. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.27 EPS. Analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were issued a dividend of $1.08 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $4.32 dividend on an annualized basis and a dividend yield of 5.2%. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.25. SS&C Technologies’s payout ratio is 33.86%.

About SS&C Technologies

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.