Connable Office Inc. held its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the second quarter, Holdings Channel reports. The firm owned 6,020 shares of the technology company’s stock at the end of the second quarter. Connable Office Inc.’s holdings in SS&C Technologies Holdings were worth $231,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of SSNC. Independent Portfolio Consultants Inc. raised its stake in SS&C Technologies Holdings by 11.4% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,712 shares of the technology company’s stock valued at $104,000 after buying an additional 277 shares during the last quarter. First Mercantile Trust Co. raised its stake in shares of SS&C Technologies Holdings by 197.4% in the first quarter. First Mercantile Trust Co. now owns 3,051 shares of the technology company’s stock worth $108,000 after buying an additional 2,025 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of SS&C Technologies Holdings during the first quarter worth approximately $119,000. Global X Management Co. LLC raised its stake in shares of SS&C Technologies Holdings by 24.6% in the first quarter. Global X Management Co. LLC now owns 3,404 shares of the technology company’s stock worth $121,000 after buying an additional 672 shares in the last quarter. Finally, Crow Point Partners LLC acquired a new position in shares of SS&C Technologies Holdings during the second quarter valued at about $143,000. 88.47% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Holdings, Inc. (NASDAQ SSNC) opened at 37.63 on Friday. SS&C Technologies Holdings, Inc. has a 52 week low of $28.43 and a 52 week high of $40.21. The firm has a market cap of $7.72 billion, a P/E ratio of 40.12 and a beta of 1.12. The firm’s 50-day moving average price is $38.78 and its 200 day moving average price is $36.65.

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 for the quarter, meeting the Zacks’ consensus estimate of $0.46. The company had revenue of $414.10 million for the quarter, compared to analysts’ expectations of $413.33 million. SS&C Technologies Holdings had a return on equity of 14.90% and a net margin of 12.17%. SS&C Technologies Holdings’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $0.39 EPS. Equities analysts forecast that SS&C Technologies Holdings, Inc. will post $1.94 earnings per share for the current fiscal year.

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Several research analysts have recently issued reports on SSNC shares. Zacks Investment Research raised shares of SS&C Technologies Holdings from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Wednesday, August 2nd. Royal Bank Of Canada reiterated a “buy” rating and issued a $41.00 price target on shares of SS&C Technologies Holdings in a research report on Wednesday. BidaskClub downgraded shares of SS&C Technologies Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. Jefferies Group LLC restated a “buy” rating and set a $45.00 target price (up from $39.00) on shares of SS&C Technologies Holdings in a report on Saturday, April 29th. Finally, Needham & Company LLC raised their target price on shares of SS&C Technologies Holdings from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $41.25.

In other SS&C Technologies Holdings news, Director Michael Jay Zamkow acquired 14,275 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were purchased at an average cost of $36.62 per share, for a total transaction of $522,750.50. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 17.60% of the stock is owned by company insiders.

SS&C Technologies Holdings Company Profile

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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