New York State Common Retirement Fund lessened its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 14.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 503,856 shares of the technology company’s stock after selling 85,390 shares during the period. New York State Common Retirement Fund owned approximately 0.24% of SS&C Technologies worth $20,230,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Janus Henderson Group PLC grew its position in shares of SS&C Technologies by 5,137.5% during the 2nd quarter. Janus Henderson Group PLC now owns 20,123,345 shares of the technology company’s stock valued at $772,938,000 after acquiring an additional 19,739,127 shares during the period. Vanguard Group Inc. grew its position in shares of SS&C Technologies by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 13,793,410 shares of the technology company’s stock valued at $529,806,000 after acquiring an additional 343,969 shares during the period. BlackRock Inc. grew its position in shares of SS&C Technologies by 4.5% during the 2nd quarter. BlackRock Inc. now owns 8,606,133 shares of the technology company’s stock valued at $330,563,000 after acquiring an additional 373,193 shares during the period. State Street Corp grew its position in shares of SS&C Technologies by 20.9% during the 2nd quarter. State Street Corp now owns 3,012,292 shares of the technology company’s stock valued at $115,706,000 after acquiring an additional 521,727 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of SS&C Technologies by 9.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,381,112 shares of the technology company’s stock valued at $91,459,000 after acquiring an additional 199,564 shares during the period. 86.65% of the stock is owned by hedge funds and other institutional investors.

Shares of SS&C Technologies Holdings, Inc. (NASDAQ SSNC) opened at $41.49 on Thursday. The company has a market cap of $8,547.34, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 1.58 and a beta of 1.08. SS&C Technologies Holdings, Inc. has a one year low of $28.43 and a one year high of $42.50. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.87.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. The business had revenue of $419.60 million for the quarter, compared to analysts’ expectations of $424.14 million. SS&C Technologies had a net margin of 13.47% and a return on equity of 15.32%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.42 EPS. equities analysts forecast 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. Shareholders of record on Friday, December 1st will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.67%. The ex-dividend date is Thursday, November 30th. SS&C Technologies’s payout ratio is currently 26.67%.

A number of brokerages have recently issued reports on SSNC. DA Davidson reissued a “buy” rating and set a $44.00 price objective on shares of SS&C Technologies in a research report on Thursday, October 26th. Zacks Investment Research downgraded shares of SS&C Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Needham & Company LLC restated a “buy” rating on shares of SS&C Technologies in a research note on Friday, October 27th. J P Morgan Chase & Co cut shares of SS&C Technologies from an “overweight” rating to a “neutral” rating and set a $49.00 target price on the stock. in a research note on Tuesday. Finally, Citigroup upgraded shares of SS&C Technologies to a “strong-buy” rating and lifted their target price for the company from $43.00 to $46.00 in a research note on Tuesday, November 21st. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $43.09.

In other news, CFO Patrick J. Pedonti sold 30,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $1,211,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Patrick J. Pedonti sold 20,000 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $40.69, for a total transaction of $813,800.00. Following the sale, the chief financial officer now owns 17,500 shares in the company, valued at $712,075. The disclosure for this sale can be found here. Insiders have sold a total of 70,000 shares of company stock worth $2,818,200 over the last 90 days. Corporate insiders own 17.60% of the company’s stock.

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About SS&C Technologies

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 (NASDAQ:SSNC)

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