Ameriprise Financial Inc. boosted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 3.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,049 shares of the technology company’s stock after buying an additional 389 shares during the period. Ameriprise Financial Inc.’s holdings in SS&C Technologies Holdings were worth $501,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Tredje AP fonden purchased a new stake in SS&C Technologies Holdings during the 2nd quarter valued at $263,000. Bank of Montreal Can raised its holdings in SS&C Technologies Holdings by 302.7% during the 2nd quarter. Bank of Montreal Can now owns 10,961 shares of the technology company’s stock valued at $421,000 after buying an additional 8,239 shares during the period. Robeco Institutional Asset Management B.V. purchased a new stake in SS&C Technologies Holdings during the 2nd quarter valued at $4,905,000. Chase Investment Counsel Corp raised its holdings in SS&C Technologies Holdings by 58.6% during the 2nd quarter. Chase Investment Counsel Corp now owns 49,675 shares of the technology company’s stock valued at $1,908,000 after buying an additional 18,360 shares during the period. Finally, Morgan Stanley raised its holdings in SS&C Technologies Holdings by 125.6% during the 1st quarter. Morgan Stanley now owns 68,033 shares of the technology company’s stock valued at $2,409,000 after buying an additional 37,880 shares during the period. Institutional investors own 87.91% of the company’s stock.

Several analysts recently weighed in on SSNC shares. Zacks Investment Research lowered SS&C Technologies Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Morgan Stanley increased their price target on SS&C Technologies Holdings from $42.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday, October 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $44.00 price objective (up previously from $42.00) on shares of SS&C Technologies Holdings in a research report on Sunday, July 30th. Jefferies Group LLC reaffirmed a “buy” rating on shares of SS&C Technologies Holdings in a research report on Tuesday, October 3rd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $41.00 price objective on shares of SS&C Technologies Holdings in a research report on Wednesday, August 9th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. SS&C Technologies Holdings currently has a consensus rating of “Buy” and a consensus target price of $42.11.

In other news, CFO Patrick J. Pedonti sold 30,000 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $38.56, for a total transaction of $1,156,800.00. Following the transaction, the chief financial officer now owns 30,000 shares of the company’s stock, valued at approximately $1,156,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Patrick J. Pedonti sold 20,000 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $39.65, for a total value of $793,000.00. Following the transaction, the chief financial officer now directly owns 20,000 shares in the company, valued at approximately $793,000. The disclosure for this sale can be found here. Insiders have sold a total of 110,000 shares of company stock worth $4,296,100 in the last three months. Corporate insiders own 17.60% of the company’s stock.

SS&C Technologies Holdings, Inc. (SSNC) opened at $39.86 on Monday. The company has a market capitalization of $8,205.61, a price-to-earnings ratio of 22.78, a price-to-earnings-growth ratio of 1.52 and a beta of 1.09. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.96 and a quick ratio of 0.96. SS&C Technologies Holdings, Inc. has a 12-month low of $28.43 and a 12-month high of $42.48.

SS&C Technologies Holdings (NASDAQ:SSNC) last announced its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.50 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.50. SS&C Technologies Holdings had a return on equity of 15.32% and a net margin of 13.47%. The company had revenue of $419.60 million for the quarter, compared to the consensus estimate of $424.14 million. During the same quarter in the prior year, the company posted $0.42 EPS. SS&C Technologies Holdings’s quarterly revenue was up 7.1% on a year-over-year basis. equities research analysts expect that SS&C Technologies Holdings, Inc. will post 1.78 earnings per share for the current fiscal year.

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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.

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

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