State of Wisconsin Investment Board reduced its position in SS&C Technologies Holdings Inc. (NASDAQ:SSNC) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,680 shares of the company’s stock after selling 1,900 shares during the period. State of Wisconsin Investment Board’s holdings in SS&C Technologies Holdings were worth $3,462,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of SSNC. GW&K Investment Management LLC raised its position in SS&C Technologies Holdings by 136.1% in the second quarter. GW&K Investment Management LLC now owns 353,290 shares of the company’s stock worth $9,920,000 after buying an additional 203,658 shares in the last quarter. IBM Retirement Fund raised its position in SS&C Technologies Holdings by 106.1% in the second quarter. IBM Retirement Fund now owns 16,994 shares of the company’s stock worth $477,000 after buying an additional 8,747 shares in the last quarter. Nordea Investment Management AB raised its position in SS&C Technologies Holdings by 745.8% in the second quarter. Nordea Investment Management AB now owns 21,932 shares of the company’s stock worth $616,000 after buying an additional 19,339 shares in the last quarter. Eagle Asset Management Inc. raised its position in SS&C Technologies Holdings by 151.1% in the second quarter. Eagle Asset Management Inc. now owns 69,580 shares of the company’s stock worth $1,953,000 after buying an additional 41,873 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. acquired a new position in SS&C Technologies Holdings during the second quarter worth approximately $2,341,000. 90.29% of the stock is currently owned by institutional investors.

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

SS&C Technologies Holdings Inc. (NASDAQ:SSNC) traded down 1.02% during midday trading on Wednesday, reaching $30.01. The company had a trading volume of 1,846,203 shares. 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 Inc. has a 12-month low of $23.61 and a 12-month high of $36.33. The company has a market capitalization of $6.09 billion, a PE ratio of 70.78 and a beta of 1.13.

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

The firm also recently announced 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. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Tuesday, November 29th. SS&C Technologies Holdings’s dividend payout ratio is presently 58.82%.

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

About SS&C Technologies Holdings

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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