Lee Capital Management LP Has $1.74 Million Position in SS&C Technologies Holdings, Inc. (SSNC)

Lee Capital Management LP lowered its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 30.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,000 shares of the technology company’s stock after selling 21,600 shares during the period. SS&C Technologies Holdings comprises approximately 1.6% of Lee Capital Management LP’s investment portfolio, making the stock its 24th largest position. Lee Capital Management LP’s holdings in SS&C Technologies Holdings were worth $1,735,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in SSNC. Renaissance Technologies LLC purchased a new stake in shares of SS&C Technologies Holdings during the fourth quarter valued at $3,870,000. RWC Asset Management LLP purchased a new stake in shares of SS&C Technologies Holdings during the first quarter valued at $12,390,000. Teachers Advisors LLC boosted its stake in shares of SS&C Technologies Holdings by 7.6% in the fourth quarter. Teachers Advisors LLC now owns 150,678 shares of the technology company’s stock valued at $4,309,000 after buying an additional 10,642 shares in the last quarter. MARSHALL WACE ASIA Ltd purchased a new stake in shares of SS&C Technologies Holdings during the first quarter valued at $13,911,000. Finally, GFI Investment Counsel Ltd. purchased a new stake in shares of SS&C Technologies Holdings during the fourth quarter valued at $12,445,000. 88.70% of the stock is owned by hedge funds and other institutional investors.

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

Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) traded down 1.08% during mid-day trading on Tuesday, hitting $38.39. The stock had a trading volume of 452,936 shares. SS&C Technologies Holdings, Inc. has a 1-year low of $26.15 and a 1-year high of $39.17. The firm has a market capitalization of $7.83 billion, a PE ratio of 45.76 and a beta of 1.13. The stock’s 50-day moving average is $37.62 and its 200-day moving average is $34.34.

SS&C Technologies Holdings (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, April 27th. The technology company reported $0.44 EPS for the quarter, meeting analysts’ consensus estimates of $0.44. SS&C Technologies Holdings had a return on equity of 14.50% and a net margin of 11.00%. The firm had revenue of $409.52 million for the quarter, compared to analysts’ expectations of $406.15 million. During the same quarter in the prior year, the firm earned $0.74 EPS. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. Equities analysts expect that SS&C Technologies Holdings, Inc. will post $1.94 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were given a dividend of $0.0625 per share. The ex-dividend date of this dividend was Tuesday, May 30th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.65%. SS&C Technologies Holdings’s dividend payout ratio is presently 29.76%.

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A number of brokerages have recently commented on SSNC. Jefferies Group LLC reaffirmed a “buy” rating and issued a $39.00 price target on shares of SS&C Technologies Holdings in a research note on Thursday, April 13th. Needham & Company LLC upped their price target on SS&C Technologies Holdings from $39.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Finally, Deutsche Bank AG upped their price target on SS&C Technologies Holdings from $32.00 to $35.00 and gave the company a “hold” rating in a research note on Wednesday, April 19th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. SS&C Technologies Holdings has a consensus rating of “Buy” and an average target price of $38.50.

SS&C Technologies Holdings Company Profile

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.

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