SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Position Cut by TD Asset Management Inc.

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TD Asset Management Inc. lessened its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 14.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 175,032 shares of the technology company’s stock after selling 28,596 shares during the period. TD Asset Management Inc. owned 0.07% of SS&C Technologies worth $11,148,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SSNC. Norges Bank purchased a new position in shares of SS&C Technologies during the fourth quarter worth approximately $108,590,000. Swedbank purchased a new position in SS&C Technologies during the first quarter valued at approximately $109,590,000. Findlay Park Partners LLP purchased a new position in SS&C Technologies during the first quarter valued at approximately $74,597,000. Cantillon Capital Management LLC increased its holdings in SS&C Technologies by 37.1% during the fourth quarter. Cantillon Capital Management LLC now owns 3,561,949 shares of the technology company’s stock valued at $160,679,000 after buying an additional 963,878 shares during the period. Finally, Nordea Investment Management AB grew its holdings in SS&C Technologies by 259.7% in the fourth quarter. Nordea Investment Management AB now owns 782,368 shares of the technology company’s stock worth $35,293,000 after purchasing an additional 564,851 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

In other SS&C Technologies news, Director Michael Jay Zamkow acquired 17,000 shares of the stock in a transaction on Friday, May 3rd. The shares were bought at an average cost of $59.76 per share, with a total value of $1,015,920.00. Following the transaction, the director now owns 38,000 shares of the company’s stock, valued at approximately $2,270,880. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Joseph J. Frank sold 10,141 shares of the firm’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $59.89, for a total transaction of $607,344.49. Following the transaction, the senior vice president now directly owns 9,910 shares in the company, valued at $593,509.90. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 17,159 shares of company stock worth $1,025,569. 14.50% of the stock is owned by company insiders.

Several research firms have issued reports on SSNC. Jefferies Financial Group lowered shares of SS&C Technologies from a “buy” rating to a “hold” rating and lifted their price target for the stock from $58.00 to $64.00 in a report on Wednesday, May 1st. Needham & Company LLC restated a “strong-buy” rating and set a $77.00 target price (up from $75.00) on shares of SS&C Technologies in a research report on Wednesday, May 1st. DA Davidson boosted their target price on shares of SS&C Technologies from $64.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. UBS Group boosted their target price on shares of SS&C Technologies from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Finally, Zacks Investment Research downgraded shares of SS&C Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, March 13th. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the stock. SS&C Technologies presently has an average rating of “Buy” and a consensus target price of $70.00.

NASDAQ:SSNC opened at $57.44 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.77. The stock has a market capitalization of $14.77 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 1.70 and a beta of 1.33. SS&C Technologies Holdings, Inc. has a 1-year low of $40.96 and a 1-year high of $67.73.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Tuesday, April 30th. The technology company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. SS&C Technologies had a net margin of 3.20% and a return on equity of 17.19%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the business posted $0.53 EPS. SS&C Technologies’s revenue was up 164.7% on a year-over-year basis. Equities analysts expect that SS&C Technologies Holdings, Inc. will post 3.61 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, May 31st. This represents a $0.40 dividend on an annualized basis and a yield of 0.70%. SS&C Technologies’s dividend payout ratio (DPR) is presently 15.27%.

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About SS&C Technologies

SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services and healthcare industries in the United States, Canada, rest of the Americas, Europe, the Asia Pacific, and Japan. The company's products and services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, including portfolio management and reporting; and back-office functions comprising accounting, transfer agency, compliance, regulatory services, performance measurement, reconciliation, reporting, processing, and clearing.

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Institutional Ownership by Quarter for SS&C Technologies (NASDAQ:SSNC)

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