Swiss National Bank Acquires 330,190 Shares of SS&C Technologies Holdings, Inc. (SSNC)

Swiss National Bank raised its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 109.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 632,100 shares of the technology company’s stock after purchasing an additional 330,190 shares during the period. Swiss National Bank owned 0.31% of SS&C Technologies Holdings worth $24,279,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of SS&C Technologies Holdings by 25.6% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,050 shares of the technology company’s stock valued at $117,000 after purchasing an additional 622 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of SS&C Technologies Holdings by 33.3% in the second quarter. Principal Financial Group Inc. now owns 41,976 shares of the technology company’s stock valued at $1,612,000 after purchasing an additional 10,478 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of SS&C Technologies Holdings by 558.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,384 shares of the technology company’s stock valued at $1,551,000 after purchasing an additional 34,252 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of SS&C Technologies Holdings by 9.4% in the second quarter. Neuberger Berman Group LLC now owns 9,345 shares of the technology company’s stock valued at $359,000 after purchasing an additional 801 shares in the last quarter. Finally, Utah Retirement Systems lifted its holdings in shares of SS&C Technologies Holdings by 2.3% in the second quarter. Utah Retirement Systems now owns 31,400 shares of the technology company’s stock valued at $1,206,000 after purchasing an additional 700 shares in the last quarter. 86.91% of the stock is currently owned by institutional investors.

In other SS&C Technologies Holdings news, CFO Patrick J. Pedonti sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $37.83, for a total value of $1,134,900.00. Following the completion of the transaction, the chief financial officer now directly owns 30,000 shares in the company, valued at $1,134,900. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael Jay Zamkow bought 14,275 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was purchased at an average price of $36.62 per share, with a total value of $522,750.50. The disclosure for this purchase can be found here. Company insiders own 17.60% of the company’s stock.

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SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) opened at 38.50 on Friday. The stock has a market cap of $7.90 billion, a P/E ratio of 41.04 and a beta of 1.15. The company’s 50 day moving average is $38.32 and its 200 day moving average is $37.39. SS&C Technologies Holdings, Inc. has a 52 week low of $28.43 and a 52 week high of $40.21.

SS&C Technologies Holdings (NASDAQ:SSNC) last announced its earnings results on Thursday, July 27th. The technology company reported $0.46 EPS for the quarter, hitting the 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 company had revenue of $414.10 million during the quarter, compared to analysts’ expectations of $413.33 million. During the same period last year, the company posted $0.39 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities analysts predict that SS&C Technologies Holdings, Inc. will post $1.94 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.73%. This is a boost from SS&C Technologies Holdings’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Wednesday, August 30th. SS&C Technologies Holdings’s dividend payout ratio (DPR) is presently 29.79%.

Several analysts have issued reports on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $41.00 price target on shares of SS&C Technologies Holdings in a report on Wednesday, August 9th. BidaskClub downgraded shares of SS&C Technologies Holdings from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research raised shares of SS&C Technologies Holdings from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Wednesday, August 2nd. Needham & Company LLC reissued a “buy” rating and set a $44.00 price objective (up previously from $42.00) on shares of SS&C Technologies Holdings in a research note on Sunday, July 30th. Finally, Deutsche Bank AG reissued a “hold” rating and set a $39.00 price objective (up previously from $35.00) on shares of SS&C Technologies Holdings in a research note on Friday, July 14th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. SS&C Technologies Holdings currently has an average rating of “Buy” and an average target price of $41.25.

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

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