Bessemer Group Inc. boosted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 6.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,075 shares of the technology company’s stock after buying an additional 2,757 shares during the period. Bessemer Group Inc.’s holdings in SS&C Technologies Holdings were worth $1,846,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SSNC. JPMorgan Chase & Co. increased its position in shares of SS&C Technologies Holdings by 12.2% in the first quarter. JPMorgan Chase & Co. now owns 276,206 shares of the technology company’s stock valued at $9,777,000 after buying an additional 30,059 shares during the period. RWC Asset Management LLP purchased a new position in shares of SS&C Technologies Holdings during the first quarter valued at $12,390,000. MARSHALL WACE ASIA Ltd purchased a new position in shares of SS&C Technologies Holdings during the first quarter valued at $13,911,000. Teachers Advisors LLC increased its position in shares of SS&C Technologies Holdings by 7.6% in the fourth quarter. Teachers Advisors LLC now owns 150,678 shares of the technology company’s stock valued at $4,309,000 after buying an additional 10,642 shares during the period. Finally, Turtle Creek Asset Management Inc. increased its position in shares of SS&C Technologies Holdings by 35.5% in the first quarter. Turtle Creek Asset Management Inc. now owns 1,965,900 shares of the technology company’s stock valued at $69,593,000 after buying an additional 514,600 shares during the period. Institutional investors and hedge funds own 88.47% of the company’s stock.

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) opened at 37.63 on Friday. SS&C Technologies Holdings, Inc. has a 1-year low of $28.43 and a 1-year high of $40.21. The firm’s 50-day moving average is $38.78 and its 200-day moving average is $36.65. The company has a market capitalization of $7.72 billion, a P/E ratio of 40.12 and a beta of 1.12.

SS&C Technologies Holdings (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, July 27th. The technology company reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. The business had revenue of $414.10 million for the quarter, compared to the consensus estimate of $413.33 million. SS&C Technologies Holdings had a net margin of 12.17% and a return on equity of 14.90%. SS&C Technologies Holdings’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company posted $0.39 earnings per share. Equities research analysts predict that SS&C Technologies Holdings, Inc. will post $1.94 EPS for the current year.

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SSNC has been the subject of several analyst reports. Jefferies Group LLC restated a “buy” rating and issued a $45.00 target price (up from $39.00) on shares of SS&C Technologies Holdings in a research note on Saturday, April 29th. Deutsche Bank AG restated a “hold” rating and issued a $39.00 target price (up from $35.00) on shares of SS&C Technologies Holdings in a research note on Friday, July 14th. Zacks Investment Research upgraded shares of SS&C Technologies Holdings from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Wednesday, August 2nd. Needham & Company LLC restated a “buy” rating and issued a $44.00 target price (up from $42.00) on shares of SS&C Technologies Holdings in a research note on Sunday, July 30th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $41.00 target price on shares of SS&C Technologies Holdings in a research note on Thursday, July 6th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $41.25.

In related news, Director Michael Jay Zamkow acquired 14,275 shares of the stock in a transaction dated Thursday, August 10th. The shares were acquired at an average price of $36.62 per share, for a total transaction of $522,750.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 17.60% of the company’s stock.

About SS&C Technologies Holdings

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.

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

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