SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) CFO Patrick J. Pedonti sold 30,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $40.38, for a total value of $1,211,400.00. Following the completion of the sale, the chief financial officer now owns 30,000 shares in the company, valued at approximately $1,211,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of SS&C Technologies Holdings, Inc. (SSNC) opened at 41.00 on Friday. The stock has a market cap of $8.42 billion, a P/E ratio of 43.71 and a beta of 1.12. SS&C Technologies Holdings, Inc. has a 12 month low of $28.43 and a 12 month high of $41.16. The company has a 50 day moving average price of $38.65 and a 200-day moving average price of $37.84.

SS&C Technologies Holdings (NASDAQ:SSNC) last issued its earnings results 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 company had revenue of $414.10 million during the quarter, compared to the consensus estimate of $413.33 million. During the same quarter in the prior year, the firm posted $0.39 EPS. SS&C Technologies Holdings’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts predict that SS&C Technologies Holdings, Inc. will post $1.94 earnings per share for the current year.

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

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Several institutional investors and hedge funds have recently added to or reduced their stakes in SSNC. Great West Life Assurance Co. Can boosted its holdings in shares of SS&C Technologies Holdings by 13.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 20,356 shares of the technology company’s stock valued at $720,000 after purchasing an additional 2,400 shares during the last quarter. Comerica Bank boosted its holdings in shares of SS&C Technologies Holdings by 1.1% during the 1st quarter. Comerica Bank now owns 8,043 shares of the technology company’s stock valued at $302,000 after purchasing an additional 89 shares during the last quarter. World Asset Management Inc bought a new position in shares of SS&C Technologies Holdings during the 1st quarter valued at about $265,000. UBS Asset Management Americas Inc. boosted its holdings in shares of SS&C Technologies Holdings by 4.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 120,042 shares of the technology company’s stock valued at $4,249,000 after purchasing an additional 4,608 shares during the last quarter. Finally, Karp Capital Management Corp bought a new position in shares of SS&C Technologies Holdings during the 1st quarter valued at about $340,000. 86.92% of the stock is owned by institutional investors and hedge funds.

SSNC has been the topic of a number of recent analyst reports. Deutsche Bank AG reiterated a “hold” rating and issued a $39.00 price objective (up previously from $35.00) on shares of SS&C Technologies Holdings in a research report on Friday, July 14th. Zacks Investment Research downgraded SS&C Technologies Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Royal Bank Of Canada reiterated a “buy” rating and issued a $41.00 price objective on shares of SS&C Technologies Holdings in a research report on Thursday, July 6th. DA Davidson initiated coverage on SS&C Technologies Holdings in a research report on Thursday, September 14th. They issued a “buy” rating and a $43.00 price objective on the stock. Finally, Needham & Company LLC reiterated 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. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $41.75.

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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