17,894 Shares in SS&C Technologies Holdings, Inc. (SSNC) Acquired by Shell Asset Management Co.

Shell Asset Management Co. purchased a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the second quarter, Holdings Channel reports. The institutional investor purchased 17,894 shares of the technology company’s stock, valued at approximately $687,000.

A number of other large investors also recently made changes to their positions in the company. Capital Fund Management S.A. bought a new stake in shares of SS&C Technologies Holdings during the first quarter valued at about $1,573,000. American Century Companies Inc. bought a new stake in shares of SS&C Technologies Holdings during the first quarter valued at about $4,866,000. Advisors Asset Management Inc. increased its stake in shares of SS&C Technologies Holdings by 6.1% in the first quarter. Advisors Asset Management Inc. now owns 22,871 shares of the technology company’s stock valued at $810,000 after buying an additional 1,319 shares during the period. First Trust Advisors LP increased its stake in shares of SS&C Technologies Holdings by 16.2% in the first quarter. First Trust Advisors LP now owns 124,428 shares of the technology company’s stock valued at $4,405,000 after buying an additional 17,387 shares during the period. Finally, Chase Investment Counsel Corp bought a new stake in shares of SS&C Technologies Holdings during the first quarter valued at about $1,108,000. Institutional investors and hedge funds own 88.47% of the company’s stock.

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

SS&C Technologies Holdings (NASDAQ:SSNC) last released its earnings results on Thursday, July 27th. The technology company reported $0.46 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. The company had revenue of $414.10 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 earnings per share. On average, equities research analysts anticipate that SS&C Technologies Holdings, Inc. will post $1.94 earnings per share for the current year.

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Several equities research analysts recently issued reports on the company. Deutsche Bank AG reiterated a “hold” rating and set a $39.00 price target (up previously from $35.00) on shares of SS&C Technologies Holdings in a report on Friday, July 14th. Needham & Company LLC reiterated a “buy” rating and set a $44.00 price target (up previously from $42.00) on shares of SS&C Technologies Holdings in a report on Sunday, July 30th. Zacks Investment Research upgraded SS&C Technologies Holdings from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Wednesday, August 2nd. Royal Bank Of Canada reiterated a “buy” rating and set a $41.00 price target on shares of SS&C Technologies Holdings in a report on Thursday, July 6th. Finally, BidaskClub downgraded SS&C Technologies Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $41.25.

In related news, Director Michael Jay Zamkow bought 14,275 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were bought at an average cost of $36.62 per share, for a total transaction of $522,750.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 17.60% of the stock is currently owned by 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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Institutional Ownership by Quarter for SS&C Technologies Holdings (NASDAQ:SSNC)

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