SS&C Technologies Holdings Inc. (NASDAQ:SSNC) dropped 2.3% on Friday . The stock traded as low as $31.94 and last traded at $32.05, with a volume of 1,323,126 shares. The stock had previously closed at $32.79.

SSNC has been the topic of several recent analyst reports. Jefferies Group reiterated a “buy” rating on shares of SS&C Technologies Holdings in a report on Tuesday, July 5th. Morgan Stanley began coverage on SS&C Technologies Holdings in a report on Wednesday, April 13th. They issued an “equal weight” rating on the stock. Zacks Investment Research downgraded SS&C Technologies Holdings from a “strong-buy” rating to a “hold” rating in a report on Saturday, April 9th. Royal Bank Of Canada began 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. Finally, Needham & Company LLC restated a “buy” rating and set a $78.00 price objective (up from $76.00) on shares of SS&C Technologies Holdings in a report on Saturday, May 7th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. SS&C Technologies Holdings presently has an average rating of “Buy” and an average target price of $68.36.

The stock’s 50-day moving average price is $29.69 and its 200 day moving average price is $30.15. The company has a market cap of $6.40 billion and a price-to-earnings ratio of 555.52.

SS&C Technologies Holdings (NASDAQ:SSNC) last issued its earnings results on Wednesday, July 27th. The company reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.01. During the same quarter in the prior year, the firm earned $0.33 earnings per share. The company had revenue of $384.40 million for the quarter, compared to analyst estimates of $377.12 million. The company’s revenue for the quarter was up 80.4% on a year-over-year basis. Analysts anticipate that SS&C Technologies Holdings Inc. will post $1.61 earnings per share for the current fiscal year.

In related news, COO Normand A. Boulanger sold 124,651 shares of the company’s stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $61.27, for a total value of $7,637,366.77. Following the transaction, the chief operating officer now directly owns 69,651 shares in the company, valued at $4,267,516.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Patrick J. Pedonti sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $61.85, for a total value of $927,750.00. Following the completion of the transaction, the chief financial officer now owns 15,000 shares in the company, valued at $927,750. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have added to or reduced their stakes in SSNC. OppenheimerFunds Inc. acquired a new position in SS&C Technologies Holdings during the fourth quarter worth approximately $11,164,000. Vanguard Group Inc. boosted its position in SS&C Technologies Holdings by 3.0% in the fourth quarter. Vanguard Group Inc. now owns 5,515,818 shares of the company’s stock worth $376,565,000 after buying an additional 161,508 shares in the last quarter. Morgan Stanley boosted its position in SS&C Technologies Holdings by 223.9% in the fourth quarter. Morgan Stanley now owns 170,168 shares of the company’s stock worth $11,618,000 after buying an additional 117,624 shares in the last quarter. Wells Fargo & Company MN boosted its position in SS&C Technologies Holdings by 18.2% in the fourth quarter. Wells Fargo & Company MN now owns 509,561 shares of the company’s stock worth $34,787,000 after buying an additional 78,606 shares in the last quarter. Finally, Airain ltd acquired a new position in SS&C Technologies Holdings during the fourth quarter worth approximately $1,542,000.

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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