Cantillon Capital Management LLC Cuts Position in SS&C Technologies Holdings, Inc. $SSNC

Cantillon Capital Management LLC trimmed its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 1.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,226,357 shares of the technology company’s stock after selling 46,590 shares during the quarter. SS&C Technologies accounts for about 2.1% of Cantillon Capital Management LLC’s holdings, making the stock its 24th largest position. Cantillon Capital Management LLC owned about 1.73% of SS&C Technologies worth $375,131,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of SSNC. Millennium Management LLC raised its stake in shares of SS&C Technologies by 349.1% during the 1st quarter. Millennium Management LLC now owns 176,630 shares of the technology company’s stock worth $14,754,000 after purchasing an additional 137,301 shares during the period. NewEdge Advisors LLC increased its holdings in SS&C Technologies by 6,069.0% during the first quarter. NewEdge Advisors LLC now owns 2,591 shares of the technology company’s stock worth $216,000 after buying an additional 2,549 shares during the last quarter. Goldman Sachs Group Inc. raised its position in SS&C Technologies by 16.4% in the first quarter. Goldman Sachs Group Inc. now owns 690,340 shares of the technology company’s stock worth $57,664,000 after acquiring an additional 97,247 shares during the period. Focus Partners Wealth raised its position in SS&C Technologies by 35.1% in the first quarter. Focus Partners Wealth now owns 9,362 shares of the technology company’s stock worth $782,000 after acquiring an additional 2,431 shares during the period. Finally, GAMMA Investing LLC boosted its stake in SS&C Technologies by 54.0% in the second quarter. GAMMA Investing LLC now owns 5,080 shares of the technology company’s stock valued at $421,000 after acquiring an additional 1,782 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

SS&C Technologies Price Performance

Shares of NASDAQ SSNC opened at $85.83 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.12 and a current ratio of 1.12. SS&C Technologies Holdings, Inc. has a fifty-two week low of $69.61 and a fifty-two week high of $91.07. The stock has a market cap of $20.95 billion, a PE ratio of 25.47 and a beta of 1.19. The stock has a fifty day moving average of $86.41 and a 200-day moving average of $86.07.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, October 23rd. The technology company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.47 by $0.10. SS&C Technologies had a return on equity of 19.80% and a net margin of 13.86%.The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter last year, the company earned $1.29 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. Equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $1.08 annualized dividend and a yield of 1.3%. SS&C Technologies’s payout ratio is currently 32.05%.

Insiders Place Their Bets

In other SS&C Technologies news, Director Normand A. Boulanger sold 150,000 shares of the stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $85.85, for a total value of $12,877,500.00. Following the sale, the director directly owned 386,924 shares in the company, valued at $33,217,425.40. This represents a 27.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 16.40% of the company’s stock.

Wall Street Analyst Weigh In

SSNC has been the subject of several research analyst reports. Wall Street Zen upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Morgan Stanley raised their target price on SS&C Technologies from $88.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Friday, October 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SS&C Technologies in a research report on Wednesday, October 8th. UBS Group lifted their price objective on SS&C Technologies from $110.00 to $112.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Finally, Jefferies Financial Group boosted their price objective on SS&C Technologies from $98.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $102.25.

SS&C Technologies Profile

SS&C Technologies is a global provider of software and services for the financial services industry, offering technology and outsourcing solutions that support investment managers, asset servicing firms, insurance companies, private equity and real estate managers, hedge funds, wealth managers and other financial institutions. The company’s offerings span front-, middle- and back-office functionality, enabling clients to automate trading, portfolio accounting, reconciliation, performance measurement, risk and compliance, and client reporting.

SS&C delivers its capabilities through a mix of licensed software, cloud-based SaaS platforms and managed services.