Mn Services Vermogensbeheer B.V. bought a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 28,140 shares of the technology company’s stock, valued at approximately $1,081,000.

Several other hedge funds and other institutional investors have also modified their holdings of SSNC. Independent Portfolio Consultants Inc. boosted its stake in SS&C Technologies Holdings by 11.4% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,712 shares of the technology company’s stock valued at $104,000 after buying an additional 277 shares during the last quarter. First Mercantile Trust Co. boosted its stake in SS&C Technologies Holdings by 197.4% in the first quarter. First Mercantile Trust Co. now owns 3,051 shares of the technology company’s stock valued at $108,000 after buying an additional 2,025 shares during the last quarter. SG Americas Securities LLC purchased a new stake in SS&C Technologies Holdings during the first quarter valued at $119,000. Global X Management Co. LLC boosted its stake in SS&C Technologies Holdings by 24.6% in the first quarter. Global X Management Co. LLC now owns 3,404 shares of the technology company’s stock valued at $121,000 after buying an additional 672 shares during the last quarter. Finally, Penserra Capital Management LLC purchased a new stake in SS&C Technologies Holdings during the first quarter valued at $190,000. Institutional investors own 88.47% of the company’s stock.

SS&C Technologies Holdings, Inc. (NASDAQ SSNC) traded up 1.13% during midday trading on Monday, hitting $38.37. The company’s stock had a trading volume of 736,023 shares. SS&C Technologies Holdings, Inc. has a 52-week low of $28.43 and a 52-week high of $40.21. The stock has a 50 day moving average of $38.92 and a 200 day moving average of $36.38. The company has a market cap of $7.85 billion, a PE ratio of 40.91 and a beta of 1.12.

SS&C Technologies Holdings (NASDAQ:SSNC) last announced its earnings results on Thursday, July 27th. The technology company reported $0.46 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.46. The business had revenue of $414.10 million during the quarter, compared to analyst estimates of $413.33 million. SS&C Technologies Holdings had a net margin of 12.17% and a return on equity of 15.15%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 EPS. On average, equities analysts expect that SS&C Technologies Holdings, Inc. will post $1.94 EPS for the current year.

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SSNC has been the subject of several research reports. Jefferies Group LLC reissued a “buy” rating and set a $39.00 price target on shares of SS&C Technologies Holdings in a report on Thursday, April 13th. Deutsche Bank AG lifted their price objective on SS&C Technologies Holdings from $32.00 to $35.00 and gave the company a “hold” rating in a report on Wednesday, April 19th. Needham & Company LLC lifted their price objective on SS&C Technologies Holdings from $39.00 to $42.00 and gave the company a “buy” rating in a report on Friday, April 28th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $41.00 price objective on shares of SS&C Technologies Holdings in a report on Thursday, July 6th. Finally, Zacks Investment Research raised SS&C Technologies Holdings from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. SS&C Technologies Holdings currently has an average rating of “Buy” and an average price target of $41.25.

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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