Renaissance Technologies LLC Has $21.23 Million Stake in SS&C Technologies Holdings, Inc. (SSNC)

Renaissance Technologies LLC grew its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 16.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 552,600 shares of the technology company’s stock after purchasing an additional 77,500 shares during the period. Renaissance Technologies LLC owned approximately 0.27% of SS&C Technologies Holdings worth $21,225,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Independent Portfolio Consultants Inc. increased its stake in shares of SS&C Technologies Holdings by 11.4% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,712 shares of the technology company’s stock worth $104,000 after buying an additional 277 shares during the last quarter. Advisor Group Inc. increased its stake in shares of SS&C Technologies Holdings by 14.3% in the second quarter. Advisor Group Inc. now owns 2,780 shares of the technology company’s stock worth $106,000 after buying an additional 348 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in shares of SS&C Technologies Holdings by 25.6% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,050 shares of the technology company’s stock worth $117,000 after buying an additional 622 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of SS&C Technologies Holdings in the first quarter worth $119,000. Finally, Global X Management Co. LLC increased its stake in shares of SS&C Technologies Holdings by 24.6% in the first quarter. Global X Management Co. LLC now owns 3,404 shares of the technology company’s stock worth $121,000 after buying an additional 672 shares during the last quarter. Institutional investors own 86.92% of the company’s stock.

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) opened at 40.70 on Thursday. SS&C Technologies Holdings, Inc. has a one year low of $28.43 and a one year high of $41.22. The firm has a market cap of $8.35 billion, a P/E ratio of 43.39 and a beta of 1.12. The stock’s 50 day moving average is $39.03 and its 200 day moving average is $38.00.

SS&C Technologies Holdings (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, July 27th. The technology company reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. SS&C Technologies Holdings had a return on equity of 14.90% and a net margin of 12.17%. The firm had revenue of $414.10 million during the quarter, compared to analyst estimates of $413.33 million. During the same period in the prior year, the company posted $0.39 earnings per share. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities research analysts expect that SS&C Technologies Holdings, Inc. will post $1.94 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a dividend of $0.07 per share. This is a positive change from SS&C Technologies Holdings’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Wednesday, August 30th. SS&C Technologies Holdings’s dividend payout ratio is currently 29.79%.

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Several research firms have weighed in on SSNC. Jefferies Group LLC reiterated a “buy” rating on shares of SS&C Technologies Holdings in a research note on Tuesday, October 3rd. Zacks Investment Research lowered shares of SS&C Technologies Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Deutsche Bank AG reiterated a “hold” rating and set a $39.00 target price (up previously from $35.00) on shares of SS&C Technologies Holdings in a research note on Friday, July 14th. Needham & Company LLC reiterated a “buy” rating and set a $44.00 target price (up previously from $42.00) on shares of SS&C Technologies Holdings in a research note on Sunday, July 30th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $41.00 target price on shares of SS&C Technologies Holdings in a research note on Thursday, July 6th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $41.75.

In other SS&C Technologies Holdings news, Director Michael Jay Zamkow bought 14,275 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were bought at an average price of $36.62 per share, for a total transaction of $522,750.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Patrick J. Pedonti sold 30,000 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $37.83, for a total value of $1,134,900.00. Following the sale, the chief financial officer now owns 30,000 shares in the company, valued at approximately $1,134,900. The disclosure for this sale can be found here. Insiders have sold 90,000 shares of company stock valued at $3,503,100 over the last quarter. Corporate insiders own 17.60% of the company’s stock.

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.

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

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