Strycker View Capital LLC Has $11.10 Million Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Strycker View Capital LLC decreased its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 45.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 288,999 shares of the technology company’s stock after selling 236,000 shares during the period. SS&C Technologies Holdings makes up 5.5% of Strycker View Capital LLC’s portfolio, making the stock its 8th largest position. Strycker View Capital LLC owned 0.14% of SS&C Technologies Holdings worth $11,100,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its stake in shares of SS&C Technologies Holdings by 12.2% in the first quarter. JPMorgan Chase & Co. now owns 276,206 shares of the technology company’s stock worth $9,777,000 after buying an additional 30,059 shares during the last quarter. RWC Asset Management LLP bought a new stake in shares of SS&C Technologies Holdings during the first quarter worth about $12,390,000. MARSHALL WACE ASIA Ltd bought a new stake in shares of SS&C Technologies Holdings during the first quarter worth about $13,911,000. Teachers Advisors LLC increased its stake in shares of SS&C Technologies Holdings by 7.6% in the fourth quarter. Teachers Advisors LLC now owns 150,678 shares of the technology company’s stock worth $4,309,000 after buying an additional 10,642 shares during the last quarter. Finally, Turtle Creek Asset Management Inc. increased its stake in shares of 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. 89.63% of the stock is currently owned by institutional investors.

Shares of SS&C Technologies Holdings, Inc. (SSNC) traded up 1.00% during trading on Friday, hitting $37.33. 646,830 shares of the stock traded hands. The firm has a market cap of $7.66 billion, a price-to-earnings ratio of 39.80 and a beta of 1.12. SS&C Technologies Holdings, Inc. has a 52-week low of $28.43 and a 52-week high of $40.21. The stock has a 50 day moving average of $38.67 and a 200 day moving average of $36.85.

SS&C Technologies Holdings (NASDAQ:SSNC) last issued its earnings results on Thursday, July 27th. The technology company reported $0.46 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.46. The firm had revenue of $414.10 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.39 earnings per share. Analysts expect that SS&C Technologies Holdings, Inc. will post $1.94 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a $0.07 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.28 dividend on an annualized basis and a yield of 0.75%. This is a positive change from SS&C Technologies Holdings’s previous quarterly dividend of $0.06. SS&C Technologies Holdings’s dividend payout ratio is currently 26.60%.

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A number of analysts have recently issued reports on the stock. BidaskClub downgraded shares of SS&C Technologies Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $41.00 price target on shares of SS&C Technologies Holdings in a report on Wednesday, August 9th. Needham & Company LLC raised their price target on shares of SS&C Technologies Holdings from $39.00 to $42.00 and gave the company a “buy” rating in a report on Friday, April 28th. Zacks Investment Research raised shares of SS&C Technologies Holdings from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Wednesday, August 2nd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $45.00 price target (up previously from $39.00) on shares of SS&C Technologies Holdings in a report on Saturday, April 29th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. SS&C Technologies Holdings presently has a consensus rating of “Buy” and a consensus target price of $41.25.

In other news, Director Michael Jay Zamkow bought 14,275 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The shares were purchased 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 can be accessed through this hyperlink. Also, CFO Patrick J. Pedonti sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $37.83, for a total value of $1,134,900.00. Following the completion of 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. 17.60% of the stock is owned by corporate 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.

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

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