Prudential Financial Inc. increased its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 353.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 166,564 shares of the technology company’s stock after purchasing an additional 129,800 shares during the period. Prudential Financial Inc. owned approximately 0.08% of SS&C Technologies Holdings worth $6,398,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Independent Portfolio Consultants Inc. grew its stake in SS&C Technologies Holdings by 11.4% during the second quarter. Independent Portfolio Consultants Inc. now owns 2,712 shares of the technology company’s stock worth $104,000 after purchasing an additional 277 shares during the period. SG Americas Securities LLC bought a new position in SS&C Technologies Holdings in the first quarter worth approximately $119,000. Global X Management Co. LLC boosted its holdings in 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 acquiring an additional 672 shares in the last quarter. First Mercantile Trust Co. boosted its holdings in SS&C Technologies Holdings by 20.5% in the second quarter. First Mercantile Trust Co. now owns 3,676 shares of the technology company’s stock worth $141,000 after acquiring an additional 625 shares in the last quarter. Finally, Crow Point Partners LLC bought a new position in SS&C Technologies Holdings in the second quarter worth approximately $143,000. 86.91% of the stock is owned by institutional investors and hedge funds.

Shares of SS&C Technologies Holdings, Inc. (SSNC) opened at 38.04 on Friday. The company’s 50 day moving average price is $38.12 and its 200-day moving average price is $37.48. The stock has a market capitalization of $7.81 billion, a P/E ratio of 40.55 and a beta of 1.15. SS&C Technologies Holdings, Inc. has a 12 month low of $28.43 and a 12 month high of $40.21.

SS&C Technologies Holdings (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, July 27th. The technology company reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. The business 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%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.39 EPS. Equities analysts predict that SS&C Technologies Holdings, Inc. will post $1.94 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This is a boost from SS&C Technologies Holdings’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 0.74%. SS&C Technologies Holdings’s dividend payout ratio is 29.79%.

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In other news, Director Michael Jay Zamkow purchased 14,275 shares of the stock in a transaction dated Thursday, August 10th. The shares were purchased at an average cost of $36.62 per share, with a total value of $522,750.50. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Patrick J. Pedonti sold 30,000 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $37.83, for a total value of $1,134,900.00. Following the transaction, the chief financial officer now directly owns 30,000 shares in the company, valued at $1,134,900. The disclosure for this sale can be found here. Corporate insiders own 17.60% of the company’s stock.

Several research analysts have issued reports on the company. DA Davidson assumed coverage on SS&C Technologies Holdings in a report on Thursday. They issued a “buy” rating and a $43.00 price target on the stock. Zacks Investment Research upgraded SS&C Technologies Holdings from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Thursday, August 31st. BidaskClub lowered SS&C Technologies Holdings from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Royal Bank Of Canada reiterated a “buy” rating and issued a $41.00 price target on shares of SS&C Technologies Holdings in a report on Wednesday, August 9th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $44.00 price target (up previously from $42.00) on shares of SS&C Technologies Holdings in a report on Sunday, July 30th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $41.44.

SS&C Technologies Holdings 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.

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

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