Southpoint Capital Advisors LP Has $144.03 Million Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Southpoint Capital Advisors LP reduced its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 16.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,500,000 shares of the technology company’s stock after selling 500,000 shares during the period. SS&C Technologies makes up about 5.4% of Southpoint Capital Advisors LP’s holdings, making the stock its 6th largest holding. Southpoint Capital Advisors LP owned 0.99% of SS&C Technologies worth $144,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of SSNC. Foresters Investment Management Company Inc. boosted its stake in SS&C Technologies by 0.3% during the second quarter. Foresters Investment Management Company Inc. now owns 264,600 shares of the technology company’s stock valued at $15,244,000 after buying an additional 750 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in SS&C Technologies by 12.0% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 30,937 shares of the technology company’s stock valued at $1,782,000 after buying an additional 3,327 shares during the period. TD Asset Management Inc. boosted its stake in SS&C Technologies by 3.1% during the second quarter. TD Asset Management Inc. now owns 180,378 shares of the technology company’s stock valued at $10,392,000 after buying an additional 5,346 shares during the period. CIBC Private Wealth Group LLC boosted its stake in SS&C Technologies by 16.6% during the first quarter. CIBC Private Wealth Group LLC now owns 1,706,665 shares of the technology company’s stock valued at $108,698,000 after buying an additional 242,951 shares during the period. Finally, Autus Asset Management LLC boosted its stake in SS&C Technologies by 17.3% during the second quarter. Autus Asset Management LLC now owns 68,099 shares of the technology company’s stock valued at $3,924,000 after buying an additional 10,036 shares during the period. 81.90% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. reissued a “buy” rating on shares of SS&C Technologies in a research note on Monday, July 1st. BidaskClub raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 13th. Credit Suisse Group dropped their price objective on SS&C Technologies from $75.00 to $65.00 and set an “outperform” rating for the company in a research note on Tuesday, July 30th. DA Davidson lowered SS&C Technologies from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 30th. Finally, Zacks Investment Research lowered SS&C Technologies from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $68.75.

SSNC stock traded down $0.16 during mid-day trading on Friday, hitting $50.39. 54,681 shares of the stock were exchanged, compared to its average volume of 1,767,404. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.09 and a quick ratio of 1.09. The business has a fifty day moving average price of $47.00 and a 200 day moving average price of $56.94. SS&C Technologies Holdings, Inc. has a 12 month low of $40.96 and a 12 month high of $67.73. The stock has a market capitalization of $13.18 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 2.14 and a beta of 1.26.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Monday, July 29th. The technology company reported $0.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.06. SS&C Technologies had a return on equity of 18.78% and a net margin of 7.22%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue was up 27.2% compared to the same quarter last year. As a group, equities analysts forecast that SS&C Technologies Holdings, Inc. will post 3.46 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was Friday, August 30th. SS&C Technologies’s dividend payout ratio (DPR) is currently 15.27%.

In other news, Director Jonathan E. Michael purchased 2,000 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was purchased at an average price of $48.11 per share, with a total value of $96,220.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 14.50% of the company’s stock.

SS&C Technologies Profile

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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