SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) CFO Patrick J. Pedonti sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $39.65, for a total transaction of $793,000.00. Following the transaction, the chief financial officer now owns 20,000 shares of the company’s stock, valued at approximately $793,000. The transaction was disclosed in a document filed with the SEC, which is available at this link.

SS&C Technologies Holdings (NASDAQ:SSNC) last posted its earnings results on Wednesday, October 25th. The technology company reported $0.50 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.50. The company had revenue of $419.60 million during the quarter, compared to analyst estimates of $424.14 million. SS&C Technologies Holdings had a return on equity of 15.60% and a net margin of 13.47%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.42 EPS.

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Several research firms have recently weighed in on SSNC. Needham & Company LLC restated a “buy” rating on shares of SS&C Technologies Holdings in a research report on Friday, October 27th. Royal Bank Of Canada restated a “buy” rating and set a $41.00 price objective on shares of SS&C Technologies Holdings in a research report on Wednesday, August 9th. BidaskClub lowered shares of SS&C Technologies Holdings from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. DA Davidson reaffirmed a “buy” rating and set a $44.00 price objective on shares of SS&C Technologies Holdings in a research note on Thursday, October 26th. Finally, Morgan Stanley upped their price objective on shares of SS&C Technologies Holdings from $42.00 to $44.00 and gave the company an “overweight” rating in a research note on Thursday, October 26th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $42.11.

Several institutional investors have recently bought and sold shares of SSNC. Independent Portfolio Consultants Inc. grew its position in shares of SS&C Technologies Holdings by 11.4% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 2,712 shares of the technology company’s stock worth $104,000 after buying an additional 277 shares during the period. Advisor Group Inc. grew its position in shares of SS&C Technologies Holdings by 14.3% during the 2nd quarter. Advisor Group Inc. now owns 2,780 shares of the technology company’s stock worth $106,000 after buying an additional 348 shares during the period. Bronfman E.L. Rothschild L.P. grew its position in shares of SS&C Technologies Holdings by 25.6% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,050 shares of the technology company’s stock worth $117,000 after buying an additional 622 shares during the period. SG Americas Securities LLC acquired a new position in shares of SS&C Technologies Holdings during the 1st quarter worth about $119,000. Finally, First Mercantile Trust Co. grew its position in shares of SS&C Technologies Holdings by 20.5% during the 2nd quarter. First Mercantile Trust Co. now owns 3,676 shares of the technology company’s stock worth $141,000 after buying an additional 625 shares during the period. Institutional investors own 87.80% 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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