SS&C Technologies Holdings, Inc. (SSNC) Shares Bought by Cipher Capital LP

Cipher Capital LP raised its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 97.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,092 shares of the technology company’s stock after buying an additional 34,534 shares during the period. Cipher Capital LP’s holdings in SS&C Technologies Holdings were worth $2,481,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SSNC. Price T Rowe Associates Inc. MD raised its position in shares of SS&C Technologies Holdings by 0.7% in the third quarter. Price T Rowe Associates Inc. MD now owns 27,359,213 shares of the technology company’s stock valued at $879,599,000 after buying an additional 179,859 shares in the last quarter. Janus Capital Management LLC raised its position in shares of SS&C Technologies Holdings by 6.7% in the fourth quarter. Janus Capital Management LLC now owns 21,405,957 shares of the technology company’s stock worth $612,232,000 after buying an additional 1,346,105 shares in the last quarter. Southpoint Capital Advisors LP raised its position in shares of SS&C Technologies Holdings by 15.7% in the fourth quarter. Southpoint Capital Advisors LP now owns 4,050,000 shares of the technology company’s stock worth $115,830,000 after buying an additional 550,000 shares in the last quarter. Allianz Asset Management AG raised its position in shares of SS&C Technologies Holdings by 22.5% in the fourth quarter. Allianz Asset Management AG now owns 3,060,453 shares of the technology company’s stock worth $87,529,000 after buying an additional 561,507 shares in the last quarter. Finally, Burgundy Asset Management Ltd. raised its position in shares of SS&C Technologies Holdings by 8.2% in the fourth quarter. Burgundy Asset Management Ltd. now owns 2,830,769 shares of the technology company’s stock worth $80,960,000 after buying an additional 215,162 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors.

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

Shares of SS&C Technologies Holdings, Inc. (SSNC) traded down 0.80% during trading on Friday, reaching $38.33. The company’s stock had a trading volume of 799,601 shares. The firm has a market capitalization of $7.82 billion, a P/E ratio of 45.69 and a beta of 1.13. SS&C Technologies Holdings, Inc. has a 52 week low of $26.15 and a 52 week high of $39.17. The company has a 50 day moving average price of $37.56 and a 200 day moving average price of $34.21.

SS&C Technologies Holdings (NASDAQ:SSNC) last posted its quarterly earnings data on Thursday, April 27th. The technology company reported $0.44 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.44. SS&C Technologies Holdings had a net margin of 11.00% and a return on equity of 14.50%. The business had revenue of $409.52 million for the quarter, compared to analyst estimates of $406.15 million. During the same quarter last year, the business earned $0.74 earnings per share. The business’s revenue for the quarter was up 19.4% on a year-over-year basis. On average, equities research analysts expect that SS&C Technologies Holdings, Inc. will post $1.94 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were paid a dividend of $0.0625 per share. The ex-dividend date was Tuesday, May 30th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.65%. SS&C Technologies Holdings’s dividend payout ratio is presently 29.76%.

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A number of research analysts have recently weighed in on SSNC shares. Needham & Company LLC reissued a “buy” rating and issued a $39.00 price objective on shares of SS&C Technologies Holdings in a report on Thursday, February 16th. Jefferies Group LLC reaffirmed 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. Macquarie raised SS&C Technologies Holdings from a “neutral” rating to an “outperform” rating and set a $38.00 target price on the stock in a report on Thursday, February 16th. Finally, Deutsche Bank AG raised their target price on SS&C Technologies Holdings from $32.00 to $35.00 and gave the stock a “hold” rating in a report on Wednesday, April 19th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. SS&C Technologies Holdings has an average rating of “Buy” and an average target price of $38.50.

In related news, Director William A. Etherington sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of $36.06, for a total transaction of $432,720.00. Following the transaction, the director now owns 68,500 shares in the company, valued at $2,470,110. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 17.60% of the stock is owned by company insiders.

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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