Bank of New York Mellon Corp raised its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 18.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,906,608 shares of the technology company’s stock after buying an additional 303,397 shares during the period. Bank of New York Mellon Corp owned 0.93% of SS&C Technologies Holdings worth $73,232,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Independent Portfolio Consultants Inc. boosted its position in shares of 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 worth $104,000 after buying an additional 277 shares during the period. First Mercantile Trust Co. boosted its position in shares of 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 worth $108,000 after buying an additional 2,025 shares during the period. SG Americas Securities LLC acquired a new position in shares of SS&C Technologies Holdings during the first quarter worth $119,000. Global X Management Co. LLC boosted its position in shares of 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 worth $121,000 after buying an additional 672 shares during the period. Finally, Crow Point Partners LLC acquired a new position in shares of SS&C Technologies Holdings during the second quarter worth $143,000. 86.91% of the stock is owned by institutional investors and hedge funds.

Shares of SS&C Technologies Holdings, Inc. (NASDAQ SSNC) opened at 38.09 on Wednesday. SS&C Technologies Holdings, Inc. has a 1-year low of $28.43 and a 1-year high of $40.21. The firm has a 50-day moving average of $38.59 and a 200 day moving average of $37.05. The stock has a market capitalization of $7.82 billion, a PE ratio of 40.61 and a beta of 1.12.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a dividend of $0.07 per share. This is a positive change from SS&C Technologies Holdings’s previous quarterly dividend of $0.06. The ex-dividend date is Wednesday, August 30th. This represents a $0.28 annualized dividend and a yield of 0.74%. SS&C Technologies Holdings’s dividend payout ratio (DPR) is presently 26.60%.

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A number of brokerages have recently weighed in on SSNC. Royal Bank Of Canada reissued 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. BidaskClub cut 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 for the company in a research note on Wednesday, August 2nd. Needham & Company LLC reissued a “buy” rating and set a $44.00 price objective (up 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 from $35.00) on shares of SS&C Technologies Holdings in a research note on Friday, July 14th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $41.25.

In other news, Director Michael Jay Zamkow acquired 14,275 shares of SS&C Technologies Holdings stock in a transaction that occurred on Thursday, August 10th. The shares were acquired at an average price of $36.62 per share, with a total value of $522,750.50. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Patrick J. Pedonti sold 30,000 shares of SS&C Technologies Holdings stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $37.83, for a total transaction of $1,134,900.00. Following the transaction, the chief financial officer now directly owns 30,000 shares in the company, valued at approximately $1,134,900. The disclosure for this sale can be found here. 17.60% of the stock is owned by company insiders.

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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