Pioneer Investment Management Inc. bought a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 100,000 shares of the technology company’s stock, valued at approximately $3,841,000.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of SS&C Technologies Holdings by 34,597.2% in the first quarter. BlackRock Inc. now owns 8,232,940 shares of the technology company’s stock worth $291,445,000 after buying an additional 8,209,212 shares in the last quarter. Iridian Asset Management LLC CT acquired a new stake in SS&C Technologies Holdings during the first quarter worth $35,644,000. Waratah Capital Advisors Ltd. acquired a new stake in SS&C Technologies Holdings during the first quarter worth $25,807,000. Vanguard Group Inc. raised its stake in SS&C Technologies Holdings by 4.7% in the first quarter. Vanguard Group Inc. now owns 13,449,441 shares of the technology company’s stock worth $476,110,000 after buying an additional 598,114 shares during the period. Finally, Turtle Creek Asset Management Inc. raised its stake in SS&C Technologies Holdings by 35.5% in the first quarter. Turtle Creek Asset Management Inc. now owns 1,965,900 shares of the technology company’s stock worth $69,593,000 after buying an additional 514,600 shares during the period. 89.63% of the stock is owned by hedge funds and other institutional investors.

Shares of SS&C Technologies Holdings, Inc. (NASDAQ SSNC) opened at 37.83 on Tuesday. The stock has a market capitalization of $7.77 billion, a price-to-earnings ratio of 40.33 and a beta of 1.12. The company has a 50-day moving average of $38.75 and a 200-day moving average of $36.77. SS&C Technologies Holdings, Inc. has a 1-year low of $28.43 and a 1-year high of $40.21.

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

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SSNC has been the subject of a number of research reports. Deutsche Bank AG upped their price objective on shares of SS&C Technologies Holdings from $32.00 to $35.00 and gave the stock a “hold” rating in a research note on Wednesday, April 19th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $45.00 price objective (up from $39.00) on shares of SS&C Technologies Holdings in a research note on Saturday, April 29th. Needham & Company LLC upped their price objective on shares of SS&C Technologies Holdings from $39.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. 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 note on Thursday, July 6th. Finally, BidaskClub lowered shares of SS&C Technologies Holdings from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $41.25.

In other news, Director Michael Jay Zamkow bought 14,275 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was bought at an average cost of $36.62 per share, with a total value of $522,750.50. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 17.60% of the company’s stock.

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.

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

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