Quantitative Investment Management LLC purchased a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 172,900 shares of the technology company’s stock, valued at approximately $6,641,000. Quantitative Investment Management LLC owned approximately 0.08% of SS&C Technologies Holdings as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Janus Capital Management LLC boosted its stake in SS&C Technologies Holdings by 0.8% during the first quarter. Janus Capital Management LLC now owns 21,574,142 shares of the technology company’s stock valued at $763,720,000 after buying an additional 168,185 shares during the period. Vanguard Group Inc. boosted its stake in SS&C Technologies Holdings by 4.7% during the first quarter. Vanguard Group Inc. now owns 13,449,441 shares of the technology company’s stock valued at $476,110,000 after buying an additional 598,114 shares during the period. BlackRock Inc. boosted its stake in SS&C Technologies Holdings by 4.5% during the second quarter. BlackRock Inc. now owns 8,606,133 shares of the technology company’s stock valued at $330,563,000 after buying an additional 373,193 shares during the period. Southpoint Capital Advisors LP boosted its stake in SS&C Technologies Holdings by 2.5% during the first quarter. Southpoint Capital Advisors LP now owns 4,150,000 shares of the technology company’s stock valued at $146,910,000 after buying an additional 100,000 shares during the period. Finally, State Street Corp boosted its stake in SS&C Technologies Holdings by 14.1% during the first quarter. State Street Corp now owns 2,490,565 shares of the technology company’s stock valued at $88,164,000 after buying an additional 307,363 shares during the period. 86.92% of the stock is owned by institutional investors.

Shares of SS&C Technologies Holdings, Inc. (NASDAQ SSNC) opened at 38.60 on Friday. The company’s 50-day moving average price is $38.07 and its 200 day moving average price is $37.56. The company has a market cap of $7.92 billion, a price-to-earnings ratio of 41.15 and a beta of 1.15. SS&C Technologies Holdings, Inc. has a 1-year low of $28.43 and a 1-year high of $40.21.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Wednesday, August 30th. This is a positive change from SS&C Technologies Holdings’s previous quarterly dividend of $0.06. SS&C Technologies Holdings’s dividend payout ratio is presently 29.79%.

Several equities research analysts recently issued reports on the company. BidaskClub lowered SS&C Technologies Holdings from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. Zacks Investment Research lowered SS&C Technologies Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Royal Bank Of Canada reissued a “buy” rating and set a $41.00 price objective on shares of SS&C Technologies Holdings in a research note on Wednesday, August 9th. DA Davidson assumed coverage on SS&C Technologies Holdings in a research note on Thursday, September 14th. They set a “buy” rating and a $43.00 price objective for the company. Finally, Needham & Company LLC reissued a “buy” rating and set a $44.00 price objective (up previously from $42.00) on shares of SS&C Technologies Holdings in a research note on Sunday, July 30th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $41.44.

ILLEGAL ACTIVITY WARNING: This report was published by Daily Political and is owned by of Daily Political. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright legislation. The legal version of this report can be viewed at https://www.dailypolitical.com/2017/09/24/quantitative-investment-management-llc-purchases-shares-of-172900-ssc-technologies-holdings-inc-ssnc.html.

In other SS&C Technologies Holdings news, CFO Patrick J. Pedonti sold 30,000 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $38.56, for a total value of $1,156,800.00. Following the completion of the sale, the chief financial officer now owns 30,000 shares in the company, valued at approximately $1,156,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Jay Zamkow purchased 14,275 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was acquired at an average price of $36.62 per share, with a total value of $522,750.50. The disclosure for this purchase can be found here. Corporate insiders own 17.60% of the company’s stock.

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.

Want to see what other hedge funds are holding SSNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SS&C Technologies Holdings, Inc. (NASDAQ:SSNC).

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

Receive News & Ratings for SS&C Technologies Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SS&C Technologies Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.