Reinhart Partners LLC. Trims Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Reinhart Partners LLC. reduced its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 16.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 237,621 shares of the technology company’s stock after selling 46,996 shares during the period. Reinhart Partners LLC. owned 0.10% of SS&C Technologies worth $18,007,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SSNC. Ashton Thomas Private Wealth LLC purchased a new stake in shares of SS&C Technologies in the 2nd quarter valued at about $35,000. Benjamin Edwards Inc. raised its stake in shares of SS&C Technologies by 43.3% during the 2nd quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company’s stock worth $42,000 after buying an additional 204 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of SS&C Technologies during the 3rd quarter worth approximately $68,000. Versant Capital Management Inc raised its stake in shares of SS&C Technologies by 32.5% during the 4th quarter. Versant Capital Management Inc now owns 949 shares of the technology company’s stock worth $72,000 after buying an additional 233 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in shares of SS&C Technologies during the 3rd quarter worth approximately $73,000. 96.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SSNC shares. Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of SS&C Technologies in a report on Friday, October 25th. Raymond James increased their target price on SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. Royal Bank of Canada increased their target price on SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. StockNews.com cut SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. Finally, DA Davidson reiterated a “buy” rating and set a $92.00 target price on shares of SS&C Technologies in a report on Thursday, October 10th. Two equities research 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.com, the company presently has an average rating of “Moderate Buy” and an average price target of $77.75.

SS&C Technologies Stock Up 0.7 %

Shares of SS&C Technologies stock traded up $0.54 during trading hours on Monday, hitting $75.29. 737,136 shares of the company’s stock traded hands, compared to its average volume of 997,342. The stock has a 50 day simple moving average of $75.53 and a 200-day simple moving average of $72.87. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The company has a market cap of $18.65 billion, a PE ratio of 26.99 and a beta of 1.37. SS&C Technologies Holdings, Inc. has a twelve month low of $59.18 and a twelve month high of $77.69.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Thursday, October 24th. The technology company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.03. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. The company’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm earned $1.04 earnings per share. Equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a $0.25 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.33%. SS&C Technologies’s dividend payout ratio (DPR) is 35.84%.

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.