Goldman Sachs Group Inc. grew its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 22.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,326,289 shares of the technology company’s stock after buying an additional 242,243 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.65% of SS&C Technologies Holdings worth $50,943,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Independent Portfolio Consultants Inc. grew its stake in SS&C Technologies Holdings by 11.4% during the second quarter. Independent Portfolio Consultants Inc. now owns 2,712 shares of the technology company’s stock worth $104,000 after buying an additional 277 shares during the last quarter. Advisor Group Inc. grew its stake in SS&C Technologies Holdings by 14.3% during the second quarter. Advisor Group Inc. now owns 2,780 shares of the technology company’s stock worth $106,000 after buying an additional 348 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in SS&C Technologies Holdings by 25.6% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,050 shares of the technology company’s stock worth $117,000 after buying an additional 622 shares during the last quarter. SG Americas Securities LLC bought a new stake in SS&C Technologies Holdings during the first quarter worth about $119,000. Finally, Global X Management Co. LLC grew its stake in SS&C Technologies Holdings by 24.6% during the first quarter. Global X Management Co. LLC now owns 3,404 shares of the technology company’s stock worth $121,000 after buying an additional 672 shares during the last quarter. 86.92% of the stock is currently owned by hedge funds and other institutional investors.

SSNC has been the topic of several research analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $41.00 price objective on shares of SS&C Technologies Holdings in a research note on Thursday, July 6th. 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 note on Friday, July 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $44.00 price objective (up from $42.00) on shares of SS&C Technologies Holdings in a research note on Sunday, July 30th. Zacks Investment Research raised shares of SS&C Technologies Holdings from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Wednesday, August 2nd. Finally, BidaskClub cut shares of SS&C Technologies Holdings from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $41.75.

In other SS&C Technologies Holdings news, CFO Patrick J. Pedonti sold 30,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 30,000 shares of the company’s stock, 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 bought 14,275 shares of SS&C Technologies Holdings stock in a transaction on Thursday, August 10th. The shares were acquired at an average cost of $36.62 per share, for a total transaction of $522,750.50. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 90,000 shares of company stock valued at $3,503,100. 17.60% of the stock is owned by corporate insiders.

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Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) opened at 40.91 on Friday. SS&C Technologies Holdings, Inc. has a 1-year low of $28.43 and a 1-year high of $41.22. The company has a market capitalization of $8.40 billion, a PE ratio of 43.61 and a beta of 1.12. 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 data on Thursday, July 27th. The technology company reported $0.46 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.46. The business had revenue of $414.10 million during the quarter, compared to analysts’ expectations of $413.33 million. SS&C Technologies Holdings had a net margin of 12.17% and a return on equity of 14.90%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.39 EPS. On average, equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post $1.94 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given 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 a boost 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 currently 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.

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

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