First Trust Advisors LP reduced its position in SS&C Technologies Holdings Inc. (NASDAQ:SSNC) by 4.7% during the second quarter, Holdings Channel reports. The fund owned 78,459 shares of the company’s stock after selling 3,849 shares during the period. First Trust Advisors LP’s holdings in SS&C Technologies Holdings were worth $2,203,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SSNC. Wellington Management Group LLP boosted its position in shares of SS&C Technologies Holdings by 126.3% in the first quarter. Wellington Management Group LLP now owns 6,821,255 shares of the company’s stock worth $432,605,000 after buying an additional 3,806,503 shares during the last quarter. Emerald Acquisition Ltd. acquired a new position in shares of SS&C Technologies Holdings during the second quarter worth $30,532,000. Norges Bank acquired a new position in shares of SS&C Technologies Holdings during the fourth quarter worth $48,189,000. Bank of New York Mellon Corp raised its position in shares of SS&C Technologies Holdings by 87.1% in the second quarter. Bank of New York Mellon Corp now owns 1,023,037 shares of the company’s stock worth $28,727,000 after buying an additional 476,312 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC raised its position in shares of SS&C Technologies Holdings by 107.8% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 755,322 shares of the company’s stock worth $21,209,000 after buying an additional 391,794 shares during the period. Institutional investors own 88.19% of the company’s stock.

SS&C Technologies Holdings Inc. (NASDAQ:SSNC) traded down 0.71% during midday trading on Friday, reaching $32.13. 500,355 shares of the company traded hands. SS&C Technologies Holdings Inc. has a 1-year low of $23.61 and a 1-year high of $38.60. The stock has a market capitalization of $6.46 billion, a P/E ratio of 553.97 and a beta of 1.16. The firm has a 50-day moving average of $32.27 and a 200-day moving average of $30.77.

SS&C Technologies Holdings (NASDAQ:SSNC) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. SS&C Technologies Holdings had a return on equity of 11.94% and a net margin of 0.99%. The company had revenue of $384.40 million for the quarter, compared to the consensus estimate of $377.12 million. During the same quarter last year, the company earned $0.33 earnings per share. The firm’s revenue for the quarter was up 80.4% compared to the same quarter last year. On average, analysts predict that SS&C Technologies Holdings Inc. will post $1.61 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given a dividend of $0.0625 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Tuesday, August 30th. SS&C Technologies Holdings’s payout ratio is currently 454.63%.

SSNC has been the subject of a number of recent analyst reports. Jefferies Group reissued a “buy” rating on shares of SS&C Technologies Holdings in a research report on Tuesday, July 5th. Morgan Stanley boosted their target price on SS&C Technologies Holdings from $34.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 28th. Finally, Deutsche Bank AG decreased their target price on SS&C Technologies Holdings from $63.00 to $32.00 and set a “hold” rating for the company in a research report on Monday, July 11th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. SS&C Technologies Holdings currently has a consensus rating of “Buy” and a consensus target price of $65.09.

In related news, insider Normand A. Boulanger sold 227,284 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $31.57, for a total transaction of $7,175,355.88. Following the sale, the insider now owns 307,500 shares of the company’s stock, valued at $9,707,775. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 18.00% of the company’s stock.

SS&C Technologies Holdings Company Profile

SS&C Technologies Holdings, Inc (SS&C Holdings) 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.

5 Day Chart for NASDAQ:SSNC

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