Alpine Woods Capital Investors LLC maintained its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,841 shares of the technology company’s stock at the end of the second quarter. Alpine Woods Capital Investors LLC’s holdings in SS&C Technologies Holdings were worth $455,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. BlackRock Inc. increased its stake in SS&C Technologies Holdings by 34,597.2% in the first quarter. BlackRock Inc. now owns 8,232,940 shares of the technology company’s stock worth $291,445,000 after buying an additional 8,209,212 shares during the last quarter. Iridian Asset Management LLC CT bought a new stake in SS&C Technologies Holdings during the first quarter worth about $35,644,000. Waratah Capital Advisors Ltd. bought a new stake in SS&C Technologies Holdings during the first quarter worth about $25,807,000. Vanguard Group Inc. increased its stake in SS&C Technologies Holdings by 4.7% in the first quarter. Vanguard Group Inc. now owns 13,449,441 shares of the technology company’s stock worth $476,110,000 after buying an additional 598,114 shares during the last quarter. Finally, Turtle Creek Asset Management Inc. increased its stake in SS&C Technologies Holdings by 35.5% in the first quarter. Turtle Creek Asset Management Inc. now owns 1,965,900 shares of the technology company’s stock worth $69,593,000 after buying an additional 514,600 shares during the last quarter. Hedge funds and other institutional investors own 89.63% of the company’s stock.
Shares of SS&C Technologies Holdings, Inc. (NASDAQ SSNC) opened at 37.33 on Friday. SS&C Technologies Holdings, Inc. has a 1-year low of $28.43 and a 1-year high of $40.21. The firm has a 50-day moving average of $38.67 and a 200 day moving average of $36.85. The stock has a market capitalization of $7.66 billion, a PE ratio of 39.80 and a beta of 1.12.
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 for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. SS&C Technologies Holdings had a net margin of 12.17% and a return on equity of 14.90%. The firm had revenue of $414.10 million for the quarter, compared to analyst estimates of $413.33 million. During the same quarter in the prior year, the business earned $0.39 EPS. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities analysts anticipate that SS&C Technologies Holdings, Inc. will post $1.94 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be 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. The ex-dividend date is Wednesday, August 30th. This represents a $0.28 annualized dividend and a dividend yield of 0.75%. SS&C Technologies Holdings’s dividend payout ratio is 26.60%.
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A number of equities research analysts have recently issued reports on SSNC shares. Zacks Investment Research upgraded shares of SS&C Technologies Holdings from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Wednesday, August 2nd. Royal Bank Of Canada reissued a “buy” rating and set a $41.00 price objective on shares of SS&C Technologies Holdings in a research note on Wednesday, August 9th. BidaskClub cut shares of SS&C Technologies Holdings from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. Jefferies Group LLC reissued a “buy” rating and set a $45.00 price objective (up from $39.00) on shares of SS&C Technologies Holdings in a research note on Saturday, April 29th. Finally, Needham & Company LLC raised their price objective on shares of SS&C Technologies Holdings from $39.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. SS&C Technologies Holdings presently has a consensus rating of “Buy” and a consensus price target of $41.25.
In other SS&C Technologies Holdings news, Director Michael Jay Zamkow purchased 14,275 shares of the company’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 SEC, which can be accessed 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 transaction of $1,134,900.00. Following the transaction, 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. 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.
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