Pacer Advisors Inc. increased its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 14.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,622 shares of the technology company’s stock after buying an additional 3,641 shares during the period. Pacer Advisors Inc.’s holdings in SS&C Technologies Holdings were worth $1,149,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Macquarie Group Ltd. boosted its holdings in SS&C Technologies Holdings by 1.9% during the third quarter. Macquarie Group Ltd. now owns 223,464 shares of the technology company’s stock worth $8,972,000 after buying an additional 4,213 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of SS&C Technologies Holdings by 3.5% in the third quarter. Bank of New York Mellon Corp now owns 1,972,522 shares of the technology company’s stock valued at $79,197,000 after purchasing an additional 65,914 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of SS&C Technologies Holdings by 243.8% in the third quarter. Toronto Dominion Bank now owns 7,324 shares of the technology company’s stock valued at $294,000 after purchasing an additional 5,194 shares in the last quarter. Global X MANAGEMENT CO LLC lifted its holdings in shares of SS&C Technologies Holdings by 83.7% in the third quarter. Global X MANAGEMENT CO LLC now owns 26,215 shares of the technology company’s stock valued at $1,053,000 after purchasing an additional 11,944 shares in the last quarter. Finally, Pax World Management LLC purchased a new stake in shares of SS&C Technologies Holdings in the third quarter valued at about $18,812,000. 86.25% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have issued reports on SSNC. BidaskClub downgraded shares of SS&C Technologies Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. Zacks Investment Research downgraded shares of SS&C Technologies Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. DA Davidson reaffirmed a “buy” rating and issued a $44.00 price target on shares of SS&C Technologies Holdings in a report on Thursday, October 26th. Needham & Company LLC reaffirmed a “buy” rating on shares of SS&C Technologies Holdings in a report on Friday, October 27th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $41.00 price target on shares of SS&C Technologies Holdings in a report on Wednesday, August 9th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. SS&C Technologies Holdings has a consensus rating of “Buy” and an average target price of $42.50.

In related news, CFO Patrick J. Pedonti sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $38.56, for a total transaction of $1,156,800.00. Following the completion of the transaction, the chief financial officer now owns 30,000 shares of the company’s stock, valued at $1,156,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Patrick J. Pedonti sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $39.65, for a total transaction of $793,000.00. Following the transaction, the chief financial officer now directly owns 20,000 shares of the company’s stock, valued at approximately $793,000. The disclosure for this sale can be found here. Insiders have sold 80,000 shares of company stock valued at $3,161,200 in the last ninety days. 17.60% of the stock is currently owned by company insiders.

SS&C Technologies Holdings, Inc. (SSNC) traded down $0.51 during trading hours on Thursday, hitting $40.50. 387,300 shares of the stock were exchanged, compared to its average volume of 1,018,123. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $8,442.35, a price-to-earnings ratio of 23.43, a PEG ratio of 1.56 and a beta of 1.09. SS&C Technologies Holdings, Inc. has a twelve month low of $28.43 and a twelve month high of $42.48.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.69%. The ex-dividend date is Thursday, November 30th. SS&C Technologies Holdings’s dividend payout ratio (DPR) is 26.67%.

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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.

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

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