SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) CFO Patrick J. Pedonti sold 30,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $40.38, for a total transaction of $1,211,400.00. Following the sale, the chief financial officer now directly owns 30,000 shares in the company, valued at $1,211,400. The sale was disclosed in a legal filing with the SEC, which is available through this link.

SS&C Technologies Holdings, Inc. (SSNC) traded up 0.65% during mid-day trading on Tuesday, hitting $40.47. The stock had a trading volume of 1,306,471 shares. The stock has a market cap of $8.31 billion, a PE ratio of 43.14 and a beta of 1.12. SS&C Technologies Holdings, Inc. has a 1-year low of $28.43 and a 1-year high of $40.74. The firm’s 50-day moving average price is $38.47 and its 200-day moving average price is $37.80.

SS&C Technologies Holdings (NASDAQ:SSNC) last posted its earnings results on Thursday, July 27th. The technology company reported $0.46 earnings per share (EPS) 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 firm had revenue of $414.10 million during the quarter, compared to analyst estimates of $413.33 million. During the same quarter in the prior year, the business posted $0.39 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. On average, equities analysts expect that SS&C Technologies Holdings, Inc. will post $1.94 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.69%. This is an increase from SS&C Technologies Holdings’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Wednesday, August 30th. SS&C Technologies Holdings’s dividend payout ratio is presently 29.79%.

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A number of analysts recently issued reports on SSNC shares. Jefferies Group LLC reaffirmed a “buy” rating on shares of SS&C Technologies Holdings in a research report on Tuesday. Zacks Investment Research downgraded SS&C Technologies Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday. DA Davidson started coverage on SS&C Technologies Holdings in a research report on Thursday, September 14th. They set a “buy” rating and a $43.00 price target on the stock. BidaskClub cut SS&C Technologies Holdings from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $41.00 price objective on shares of SS&C Technologies Holdings in a research note on Wednesday, August 9th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. SS&C Technologies Holdings presently has an average rating of “Buy” and a consensus target price of $41.75.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Achmea Investment Management B.V. bought a new position in shares of SS&C Technologies Holdings in the second quarter valued at approximately $247,000. HWG Holdings LP bought a new position in SS&C Technologies Holdings in the 2nd quarter valued at $782,000. Dynamic Technology Lab Private Ltd bought a new position in SS&C Technologies Holdings in the 2nd quarter valued at $268,000. North Star Asset Management Inc. grew its stake in SS&C Technologies Holdings by 3.3% in the 2nd quarter. North Star Asset Management Inc. now owns 200,833 shares of the technology company’s stock valued at $7,714,000 after purchasing an additional 6,365 shares during the period. Finally, Public Employees Retirement System of Ohio grew its stake in SS&C Technologies Holdings by 24.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 222,496 shares of the technology company’s stock valued at $8,546,000 after purchasing an additional 43,993 shares during the period. Hedge funds and other institutional investors own 86.92% of the company’s stock.

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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