Dimensional Fund Advisors LP Purchases 16,994 Shares of SS&C Technologies Holdings, Inc. (SSNC)

Dimensional Fund Advisors LP boosted its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 1.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,114,770 shares of the technology company’s stock after buying an additional 16,994 shares during the period. Dimensional Fund Advisors LP’s holdings in SS&C Technologies were worth $44,755,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp boosted its position in SS&C Technologies by 20.9% in the second quarter. State Street Corp now owns 3,012,292 shares of the technology company’s stock valued at $115,706,000 after buying an additional 521,727 shares during the last quarter. Tredje AP fonden purchased a new stake in SS&C Technologies in the 2nd quarter worth approximately $263,000. Green Square Capital LLC purchased a new stake in SS&C Technologies in the 2nd quarter worth approximately $257,000. State of Wisconsin Investment Board boosted its position in SS&C Technologies by 7.4% in the 3rd quarter. State of Wisconsin Investment Board now owns 157,385 shares of the technology company’s stock worth $6,319,000 after purchasing an additional 10,885 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its position in SS&C Technologies by 138.3% in the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 238,338 shares of the technology company’s stock worth $9,569,000 after purchasing an additional 138,338 shares in the last quarter. Hedge funds and other institutional investors own 86.13% of the company’s stock.

SS&C Technologies Holdings, Inc. (SSNC) opened at $42.21 on Tuesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market capitalization of $8,650.00, a P/E ratio of 40.20, a PEG ratio of 1.38 and a beta of 1.08. SS&C Technologies Holdings, Inc. has a 52 week low of $29.54 and a 52 week high of $42.50.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Wednesday, October 25th. The technology company reported $0.50 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate 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 quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.42 EPS. research analysts anticipate that SS&C Technologies Holdings, Inc. will post 1.78 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.66%. The ex-dividend date was Thursday, November 30th. SS&C Technologies’s payout ratio is 26.67%.

Several equities research analysts have commented on the company. Morgan Stanley upped their price objective on SS&C Technologies from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday, October 26th. BidaskClub upgraded SS&C Technologies from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Investment Research upgraded SS&C Technologies from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research report on Saturday. UBS Group restated a “buy” rating and issued a $49.00 price objective on shares of SS&C Technologies in a research report on Thursday, December 14th. Finally, JPMorgan Chase & Co. lowered SS&C Technologies from an “overweight” rating to a “neutral” rating and set a $49.00 price objective on the stock. in a research report on Tuesday, December 12th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. SS&C Technologies has an average rating of “Buy” and an average target price of $44.09.

In other news, CFO Patrick J. Pedonti sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $39.65, for a total transaction of $793,000.00. Following the completion of the transaction, 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 is available at this link. Over the last ninety days, insiders have sold 60,000 shares of company stock valued at $2,414,600. Corporate insiders own 17.60% of the company’s stock.

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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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