The Manufacturers Life Insurance Company raised its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 9.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,381,112 shares of the technology company’s stock after acquiring an additional 199,564 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 1.16% of SS&C Technologies Holdings worth $91,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Independent Portfolio Consultants Inc. raised 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 valued at $104,000 after purchasing an additional 277 shares during the period. Advisor Group Inc. raised 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 valued at $106,000 after purchasing an additional 348 shares during the period. Bronfman E.L. Rothschild L.P. raised 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 valued at $117,000 after purchasing an additional 622 shares during the period. SG Americas Securities LLC bought a new stake in shares of SS&C Technologies Holdings during the 1st quarter valued at $119,000. Finally, Global X Management Co. LLC raised its position in shares of SS&C Technologies Holdings by 24.6% during the 1st quarter. Global X Management Co. LLC now owns 3,404 shares of the technology company’s stock valued at $121,000 after purchasing an additional 672 shares during the period. Institutional investors and hedge funds own 86.92% of the company’s stock.

In other SS&C Technologies Holdings news, CFO Patrick J. Pedonti sold 30,000 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $37.83, for a total transaction of $1,134,900.00. Following the completion of the transaction, the chief financial officer now owns 30,000 shares of the company’s stock, valued at $1,134,900. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael Jay Zamkow bought 14,275 shares of the stock in a transaction on Thursday, August 10th. The shares were bought at an average cost of $36.62 per share, with a total value of $522,750.50. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 90,000 shares of company stock valued at $3,503,100. 17.60% of the stock is owned by company insiders.

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SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) traded down 0.15% during mid-day trading on Monday, hitting $40.85. 109,026 shares of the stock were exchanged. SS&C Technologies Holdings, Inc. has a 52-week low of $28.43 and a 52-week high of $41.22. The stock has a market cap of $8.39 billion, a PE ratio of 43.55 and a beta of 1.12. The stock’s 50 day moving average is $38.77 and its 200 day moving average is $37.88.

SS&C Technologies Holdings (NASDAQ:SSNC) last issued its earnings results on Thursday, July 27th. The technology company reported $0.46 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.46. The business had revenue of $414.10 million during the quarter, compared to analysts’ expectations of $413.33 million. SS&C Technologies Holdings had a net margin of 12.17% and a return on equity of 14.90%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.39 earnings per share. Analysts forecast that SS&C Technologies Holdings, Inc. will post $1.94 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a dividend of $0.07 per share. This is a boost from SS&C Technologies Holdings’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 0.68%. The ex-dividend date was Wednesday, August 30th. SS&C Technologies Holdings’s dividend payout ratio (DPR) is presently 29.79%.

SSNC has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of SS&C Technologies Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Deutsche Bank AG restated a “hold” rating and set a $39.00 price objective (up from $35.00) on shares of SS&C Technologies Holdings in a research report on Friday, July 14th. Needham & Company LLC restated a “buy” rating and set a $44.00 price objective (up from $42.00) on shares of SS&C Technologies Holdings in a research report on Sunday, July 30th. Jefferies Group LLC reiterated a “buy” rating on shares of SS&C Technologies Holdings in a report on Tuesday, October 3rd. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $41.00 price target on shares of SS&C Technologies Holdings in a report on Thursday, July 6th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. SS&C Technologies Holdings currently has a consensus rating of “Buy” and a consensus price target of $41.75.

SS&C Technologies Holdings 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.

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

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