SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Stake Increased by Capital Fund Management S.A.

Capital Fund Management S.A. raised its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 366.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 207,339 shares of the technology company’s stock after acquiring an additional 162,900 shares during the quarter. Capital Fund Management S.A. owned approximately 0.10% of SS&C Technologies Holdings worth $7,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the company. Alliancebernstein L.P. lifted its stake in shares of SS&C Technologies Holdings by 4.2% during the 2nd quarter. Alliancebernstein L.P. now owns 98,791 shares of the technology company’s stock valued at $3,795,000 after buying an additional 3,950 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of SS&C Technologies Holdings by 3.8% during the 2nd quarter. Wells Fargo & Company MN now owns 88,243 shares of the technology company’s stock valued at $3,389,000 after buying an additional 3,243 shares in the last quarter. Tredje AP fonden purchased a new position in shares of SS&C Technologies Holdings during the 2nd quarter valued at $263,000. Meiji Yasuda Life Insurance Co lifted its stake in shares of SS&C Technologies Holdings by 3.2% during the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 28,700 shares of the technology company’s stock valued at $1,102,000 after buying an additional 900 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of SS&C Technologies Holdings by 15.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 318,182 shares of the technology company’s stock valued at $12,222,000 after buying an additional 41,976 shares in the last quarter. Institutional investors and hedge funds own 86.91% of the company’s stock.

In related news, CFO Patrick J. Pedonti sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $38.56, for a total value of $1,156,800.00. Following the transaction, the chief financial officer now owns 30,000 shares in the company, valued at $1,156,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Jay Zamkow purchased 14,275 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average price of $36.62 per share, for a total transaction of $522,750.50. The disclosure for this purchase can be found here. Company insiders own 17.60% of the company’s stock.

A number of research firms recently weighed in on SSNC. Zacks Investment Research cut shares of SS&C Technologies Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Needham & Company LLC reiterated a “buy” rating and issued a $44.00 price target (up previously from $42.00) on shares of SS&C Technologies Holdings in a research note on Sunday, July 30th. Deutsche Bank AG reiterated a “hold” rating and issued a $39.00 price target (up previously from $35.00) on shares of SS&C Technologies Holdings in a research note on Friday, July 14th. BidaskClub cut shares of SS&C Technologies Holdings from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Finally, DA Davidson assumed coverage on shares of SS&C Technologies Holdings in a research note on Thursday. They issued a “buy” rating and a $43.00 price target on the stock. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $41.44.

SS&C Technologies Holdings, Inc. (SSNC) traded up 0.21% during mid-day trading on Friday, hitting $38.04. 887,563 shares of the stock were exchanged. SS&C Technologies Holdings, Inc. has a 52-week low of $28.43 and a 52-week high of $40.21. The stock’s 50 day moving average is $38.12 and its 200 day moving average is $37.48. The stock has a market cap of $7.81 billion, a PE ratio of 40.55 and a beta of 1.15.

SS&C Technologies Holdings (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, July 27th. The technology company reported $0.46 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. SS&C Technologies Holdings had a net margin of 12.17% and a return on equity of 14.90%. The business had revenue of $414.10 million for the quarter, compared to analyst estimates of $413.33 million. During the same period in the prior year, the firm posted $0.39 EPS. The company’s revenue was up 7.7% on a year-over-year basis. Analysts forecast that SS&C Technologies Holdings, Inc. will post $1.94 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were issued a $0.07 dividend. This is a positive change from SS&C Technologies Holdings’s previous quarterly dividend of $0.06. The ex-dividend date was Wednesday, August 30th. This represents a $0.28 annualized dividend and a yield of 0.74%. SS&C Technologies Holdings’s dividend payout ratio (DPR) is presently 29.79%.

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About SS&C Technologies Holdings

SS&C Technologies Holdings, Inc is a holding company. The Company is a provider of software products and software-enabled services that allow financial services providers to automate complex business processes and manage their information processing requirements. The Company’s portfolio of software products and software-enabled services allows its clients to automate and integrate front-office functions, such as trading and modeling, middle-office functions, such as portfolio management and reporting, and back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing.

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

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