Running Oak Capital LLC Lowers Stock Holdings in SS&C Technologies Holdings, Inc. $SSNC

Running Oak Capital LLC reduced its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 3.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 192,108 shares of the technology company’s stock after selling 7,362 shares during the quarter. SS&C Technologies makes up 1.9% of Running Oak Capital LLC’s portfolio, making the stock its 18th biggest holding. Running Oak Capital LLC owned approximately 0.08% of SS&C Technologies worth $17,052,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in SSNC. Millennium Management LLC lifted its holdings 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 acquiring an additional 137,301 shares during the period. NewEdge Advisors LLC increased its position 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 purchasing an additional 2,549 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in SS&C Technologies by 16.4% during the first quarter. Goldman Sachs Group Inc. now owns 690,340 shares of the technology company’s stock worth $57,664,000 after purchasing an additional 97,247 shares during the period. Focus Partners Wealth boosted its holdings in shares of SS&C Technologies by 35.1% in the 1st quarter. Focus Partners Wealth now owns 9,362 shares of the technology company’s stock valued at $782,000 after purchasing an additional 2,431 shares during the last quarter. Finally, HB Wealth Management LLC acquired a new position in shares of SS&C Technologies in the 2nd quarter valued at $235,000. 96.90% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Price Performance

Shares of NASDAQ SSNC opened at $82.21 on Tuesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.12 and a quick ratio of 1.12. SS&C Technologies Holdings, Inc. has a 1-year low of $69.61 and a 1-year high of $91.07. The company has a market capitalization of $20.06 billion, a price-to-earnings ratio of 24.39 and a beta of 1.17. The business has a 50-day moving average of $86.58 and a 200-day moving average of $86.16.

SS&C Technologies Cuts Dividend

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

Insider Buying and Selling at SS&C Technologies

In related news, Director Normand A. Boulanger sold 150,000 shares of the firm’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $85.85, for a total transaction of $12,877,500.00. Following the completion of the sale, the director directly owned 386,924 shares of the company’s stock, valued at approximately $33,217,425.40. This trade represents a 27.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 16.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of SS&C Technologies in a report on Thursday, January 22nd. Jefferies Financial Group upped their price target on SS&C Technologies from $98.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. UBS Group raised 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. Morgan Stanley boosted their target price on SS&C Technologies from $88.00 to $92.00 and gave the stock an “equal weight” rating in a report on Friday, October 24th. Finally, DA Davidson raised their price target on shares of SS&C Technologies from $102.00 to $106.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, SS&C Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $102.25.

SS&C Technologies Company 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.