Fisher Asset Management LLC boosted its stake in shares of SS&C Technologies Holdings Inc. (NASDAQ:SSNC) by 593.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 138,950 shares of the company’s stock after buying an additional 118,900 shares during the period. Fisher Asset Management LLC’s holdings in SS&C Technologies Holdings were worth $4,467,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its position in shares of SS&C Technologies Holdings by 2.1% in the first quarter. Envestnet Asset Management Inc. now owns 17,490 shares of the company’s stock worth $1,109,000 after buying an additional 362 shares during the period. Seven Eight Capital LLC raised its position in shares of SS&C Technologies Holdings by 22.6% in the first quarter. Seven Eight Capital LLC now owns 3,800 shares of the company’s stock worth $241,000 after buying an additional 700 shares during the period. Panagora Asset Management Inc. raised its position in shares of SS&C Technologies Holdings by 15.3% in the second quarter. Panagora Asset Management Inc. now owns 7,116 shares of the company’s stock worth $200,000 after buying an additional 946 shares during the period. American International Group Inc. raised its position in shares of SS&C Technologies Holdings by 78.3% in the second quarter. American International Group Inc. now owns 4,266 shares of the company’s stock worth $120,000 after buying an additional 1,874 shares during the period. Finally, Fifth Third Bancorp raised its position in shares of SS&C Technologies Holdings by 59.1% in the second quarter. Fifth Third Bancorp now owns 7,818 shares of the company’s stock worth $220,000 after buying an additional 2,905 shares during the period. 90.29% of the stock is owned by institutional investors and hedge funds.

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

Shares of SS&C Technologies Holdings Inc. (NASDAQ:SSNC) traded down 2.70% during mid-day trading on Tuesday, hitting $30.32. The stock had a trading volume of 4,834,972 shares. The firm has a market cap of $6.15 billion, a PE ratio of 71.51 and a beta of 1.13. SS&C Technologies Holdings Inc. has a 52 week low of $23.61 and a 52 week high of $36.33. The stock has a 50 day moving average price of $31.96 and a 200 day moving average price of $31.24.

SS&C Technologies Holdings (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, October 27th. The company reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The business earned $391.90 million during the quarter, compared to analysts’ expectations of $78.25 million. SS&C Technologies Holdings had a return on equity of 12.92% and a net margin of 6.23%. The firm’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period last year, the firm posted $0.68 EPS. Equities research analysts expect that SS&C Technologies Holdings Inc. will post $1.62 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be issued a $0.0625 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.25 annualized dividend and a yield of 0.82%. SS&C Technologies Holdings’s dividend payout ratio is presently 58.82%.

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A number of brokerages recently commented on SSNC. Jefferies Group set a $36.00 target price on SS&C Technologies Holdings and gave the company a “buy” rating in a research note on Thursday, September 15th. Morgan Stanley upgraded SS&C Technologies Holdings from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $37.00 to $39.00 in a research report on Tuesday, September 27th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $58.00.

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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