Nordea Investment Management AB lessened its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 52.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,877 shares of the technology company’s stock after selling 44,566 shares during the period. Nordea Investment Management AB’s holdings in SS&C Technologies Holdings were worth $1,570,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Janus Capital Management LLC boosted its position in SS&C Technologies Holdings by 0.8% in the 1st quarter. Janus Capital Management LLC now owns 21,574,142 shares of the technology company’s stock valued at $763,720,000 after buying an additional 168,185 shares during the period. Vanguard Group Inc. boosted its position in SS&C Technologies Holdings by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 13,793,410 shares of the technology company’s stock valued at $529,806,000 after buying an additional 343,969 shares during the period. BlackRock Inc. boosted its position in SS&C Technologies Holdings by 4.5% in the 2nd quarter. BlackRock Inc. now owns 8,606,133 shares of the technology company’s stock valued at $330,563,000 after buying an additional 373,193 shares during the period. Southpoint Capital Advisors LP boosted its position in SS&C Technologies Holdings by 2.5% in the 1st quarter. Southpoint Capital Advisors LP now owns 4,150,000 shares of the technology company’s stock valued at $146,910,000 after buying an additional 100,000 shares during the period. Finally, State Street Corp boosted its position in SS&C Technologies Holdings by 14.1% in the 1st quarter. State Street Corp now owns 2,490,565 shares of the technology company’s stock valued at $88,164,000 after buying an additional 307,363 shares during the period. 86.92% of the stock is owned by institutional investors.

Several brokerages have commented on SSNC. Zacks Investment Research cut shares of SS&C Technologies Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Needham & Company LLC reissued a “buy” rating and issued a $44.00 price target (up previously from $42.00) on shares of SS&C Technologies Holdings in a research report on Sunday, July 30th. Deutsche Bank AG reaffirmed 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. BidaskClub cut shares of SS&C Technologies Holdings from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Finally, DA Davidson started coverage on shares of SS&C Technologies Holdings in a research report on Thursday, September 14th. They set a “buy” rating and a $43.00 price objective for the company. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $41.75.

In other SS&C Technologies Holdings news, CFO Patrick J. Pedonti sold 30,000 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $40.38, for a total transaction of $1,211,400.00. Following the transaction, the chief financial officer now directly owns 30,000 shares in the company, valued at approximately $1,211,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Jay Zamkow acquired 14,275 shares of SS&C Technologies Holdings stock in a transaction on Thursday, August 10th. The shares were bought at an average price of $36.62 per share, for a total transaction of $522,750.50. The disclosure for this purchase can be found here. Insiders have sold a total of 90,000 shares of company stock worth $3,503,100 over the last quarter. 17.60% of the stock is currently owned by insiders.

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Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) opened at 40.91 on Friday. The stock has a market capitalization of $8.40 billion, a PE ratio of 43.61 and a beta of 1.12. SS&C Technologies Holdings, Inc. has a 52-week low of $28.43 and a 52-week high of $41.22. 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 released its quarterly earnings results on Thursday, July 27th. The technology company reported $0.46 earnings per share for the quarter, meeting the Zacks’ 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 during the quarter, compared to analyst estimates of $413.33 million. During the same period last year, the business earned $0.39 EPS. The business’s revenue was up 7.7% on a year-over-year basis. Equities research analysts expect that SS&C Technologies Holdings, Inc. will post $1.94 earnings per share for the current fiscal year.

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

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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