TD Asset Management Inc. Has $10.68 Million Holdings in SS&C Technologies Holdings, Inc. (SSNC)

TD Asset Management Inc. raised its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 3.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 265,967 shares of the technology company’s stock after acquiring an additional 9,886 shares during the period. TD Asset Management Inc. owned 0.13% of SS&C Technologies worth $10,679,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Three Peaks Capital Management LLC raised its holdings in SS&C Technologies by 29.9% in the 3rd quarter. Three Peaks Capital Management LLC now owns 260,409 shares of the technology company’s stock valued at $10,455,000 after acquiring an additional 59,986 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in SS&C Technologies by 6.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,046 shares of the technology company’s stock valued at $1,728,000 after acquiring an additional 2,662 shares during the last quarter. Findlay Park Partners LLP raised its holdings in SS&C Technologies by 2.9% in the 3rd quarter. Findlay Park Partners LLP now owns 1,647,245 shares of the technology company’s stock valued at $66,137,000 after acquiring an additional 45,750 shares during the last quarter. Pacer Advisors Inc. raised its holdings in SS&C Technologies by 14.6% in the 3rd quarter. Pacer Advisors Inc. now owns 28,622 shares of the technology company’s stock valued at $1,149,000 after acquiring an additional 3,641 shares during the last quarter. Finally, Macquarie Group Ltd. raised its holdings in SS&C Technologies by 1.9% in the 3rd quarter. Macquarie Group Ltd. now owns 223,464 shares of the technology company’s stock valued at $8,972,000 after acquiring an additional 4,213 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.

Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) opened at $40.97 on Friday. The company has a market capitalization of $8,434.13, a price-to-earnings ratio of 23.41, a PEG ratio of 1.56 and a beta of 1.08. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.87. SS&C Technologies Holdings, Inc. has a twelve month low of $28.43 and a twelve month high of $42.48.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. The business had revenue of $419.60 million during the quarter, compared to the consensus estimate of $424.14 million. SS&C Technologies had a return on equity of 15.32% and a net margin of 13.47%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 EPS. research analysts predict that SS&C Technologies Holdings, Inc. will post 1.78 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.07 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.68%. SS&C Technologies’s payout ratio is 26.67%.

In related news, CFO Patrick J. Pedonti sold 20,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $39.65, for a total transaction of $793,000.00. Following the completion of the sale, the chief financial officer now directly owns 20,000 shares of the company’s stock, valued at approximately $793,000. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Patrick J. Pedonti sold 30,000 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $40.38, for a total transaction of $1,211,400.00. Following the sale, the chief financial officer now directly owns 30,000 shares of the company’s stock, valued at $1,211,400. The disclosure for this sale can be found here. Corporate insiders own 17.60% of the company’s stock.

Several research analysts have weighed in on the company. Morgan Stanley boosted their price target on SS&C Technologies from $42.00 to $44.00 and gave the company an “overweight” rating in a report on Thursday, October 26th. Zacks Investment Research downgraded SS&C Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. DA Davidson reiterated a “buy” rating and issued a $44.00 price target on shares of SS&C Technologies in a report on Thursday, October 26th. Needham & Company LLC reiterated a “buy” rating on shares of SS&C Technologies in a report on Friday, October 27th. Finally, BidaskClub downgraded SS&C Technologies from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $42.50.

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SS&C Technologies 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.

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

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