SS&C Technologies Holdings Inc. (NASDAQ:SSNC) saw unusually-high trading volume on Wednesday . Approximately 1,059,687 shares were traded during trading, a decline of 14% from the previous session’s volume of 1,225,213 shares.The stock last traded at $29.00 and had previously closed at $28.51.

SSNC has been the topic of several research reports. Morgan Stanley initiated coverage on SS&C Technologies Holdings in a report on Wednesday, April 13th. They set an “equal weight” rating on the stock. Jefferies Group reaffirmed a “buy” rating on shares of SS&C Technologies Holdings in a report on Tuesday. Deutsche Bank AG reaffirmed a “hold” rating and set a $67.00 price objective on shares of SS&C Technologies Holdings in a report on Tuesday, March 8th. Zacks Investment Research lowered SS&C Technologies Holdings from a “strong-buy” rating to a “hold” rating in a report on Saturday, April 9th. Finally, Royal Bank Of Canada initiated coverage on SS&C Technologies Holdings in a report on Friday, May 13th. They set an “outperform” rating and a $72.00 price objective on the stock. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $74.33.

The stock’s 50-day moving average price is $29.43 and its 200-day moving average price is $30.36. The stock has a market cap of $5.86 billion and a price-to-earnings ratio of 248.40.

SS&C Technologies Holdings (NASDAQ:SSNC) last issued its quarterly earnings data on Thursday, May 5th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. During the same quarter last year, the business earned $0.60 EPS. The business earned $324.13 million during the quarter, compared to the consensus estimate of $338.58 million. The firm’s quarterly revenue was up 57.5% compared to the same quarter last year. Equities research analysts anticipate that SS&C Technologies Holdings Inc. will post $1.61 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st were given a dividend of $0.0966 per share. This represents a $0.39 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Friday, May 27th.

In other news, CFO Patrick J. Pedonti sold 14,467 shares of the firm’s stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $61.54, for a total transaction of $890,299.18. Following the completion of the sale, the chief financial officer now owns 14,467 shares of the company’s stock, valued at approximately $890,299.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Patrick J. Pedonti sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $61.85, for a total transaction of $927,750.00. Following the sale, the chief financial officer now directly owns 15,000 shares of the company’s stock, valued at approximately $927,750. The disclosure for this sale can be found here.

Other hedge funds recently made changes to their positions in the company. Columbus Circle Investors increased its stake in shares of SS&C Technologies Holdings by 21.8% in the fourth quarter. Columbus Circle Investors now owns 266,959 shares of the company’s stock valued at $18,225,000 after buying an additional 47,804 shares during the period. State Board of Administration of Florida Retirement System increased its stake in shares of SS&C Technologies Holdings by 14.8% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 66,349 shares of the company’s stock valued at $4,530,000 after buying an additional 8,566 shares during the period. Rail Splitter Capital Management LLC increased its stake in shares of SS&C Technologies Holdings by 9.1% in the fourth quarter. Rail Splitter Capital Management LLC now owns 112,543 shares of the company’s stock valued at $7,683,000 after buying an additional 9,420 shares during the period. GSA Capital Partners LLP increased its stake in shares of SS&C Technologies Holdings by 24.8% in the fourth quarter. GSA Capital Partners LLP now owns 22,761 shares of the company’s stock valued at $1,554,000 after buying an additional 4,524 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of SS&C Technologies Holdings by 55.6% in the fourth quarter. First Trust Advisors LP now owns 157,943 shares of the company’s stock valued at $10,783,000 after buying an additional 56,461 shares during the period.

SS&C Technologies Holdings, Inc (SS&C Holdings) is a holding company, which provides software products and software-enabled services. The Company operates primarily through its subsidiary, SS&C Technologies, Inc The Company’s service offerings are classified as portfolio management/accounting; trading/treasury operations; financial modeling; loan management/accounting; property management; money market processing; software-enabled services; professional services, and product support.

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