The Manufacturers Life Insurance Company Purchases 199,564 Shares of SS&C Technologies Holdings, Inc. (SSNC)

The Manufacturers Life Insurance Company increased its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 9.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,381,112 shares of the technology company’s stock after buying an additional 199,564 shares during the period. The Manufacturers Life Insurance Company owned about 1.16% of SS&C Technologies Holdings worth $91,459,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of SSNC. Janus Capital Management LLC increased its position in shares of SS&C Technologies Holdings by 0.8% in the first quarter. Janus Capital Management LLC now owns 21,574,142 shares of the technology company’s stock worth $763,720,000 after acquiring an additional 168,185 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of SS&C Technologies Holdings by 5,137.5% in the second quarter. Janus Henderson Group PLC now owns 20,123,345 shares of the technology company’s stock worth $772,938,000 after acquiring an additional 19,739,127 shares in the last quarter. Vanguard Group Inc. increased its position in shares of SS&C Technologies Holdings by 2.6% in the second quarter. Vanguard Group Inc. now owns 13,793,410 shares of the technology company’s stock worth $529,806,000 after acquiring an additional 343,969 shares in the last quarter. BlackRock Inc. increased its position in shares of SS&C Technologies Holdings by 4.5% in the second quarter. BlackRock Inc. now owns 8,606,133 shares of the technology company’s stock worth $330,563,000 after acquiring an additional 373,193 shares in the last quarter. Finally, Southpoint Capital Advisors LP increased its position in shares of SS&C Technologies Holdings by 2.5% in the first quarter. Southpoint Capital Advisors LP now owns 4,150,000 shares of the technology company’s stock worth $146,910,000 after acquiring an additional 100,000 shares in the last quarter. 86.93% of the stock is owned by institutional investors and hedge funds.

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Several equities research analysts have recently issued reports on SSNC shares. Royal Bank Of Canada reissued a “buy” rating and issued a $41.00 price objective on shares of SS&C Technologies Holdings in a research report on Wednesday, August 9th. BidaskClub downgraded shares of SS&C Technologies Holdings from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. Zacks Investment Research upgraded shares of SS&C Technologies Holdings from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Wednesday, August 2nd. Needham & Company LLC restated a “buy” rating and issued a $44.00 target price (up from $42.00) on shares of SS&C Technologies Holdings in a research note on Sunday, July 30th. Finally, DA Davidson initiated coverage on shares of SS&C Technologies Holdings in a research note on Thursday, September 14th. They issued a “buy” rating and a $43.00 target price for the company. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. SS&C Technologies Holdings currently has an average rating of “Buy” and a consensus price target of $41.75.

In other news, CFO Patrick J. Pedonti sold 30,000 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $38.56, for a total transaction of $1,156,800.00. Following the sale, the chief financial officer now directly owns 30,000 shares of the company’s stock, valued at approximately $1,156,800. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael Jay Zamkow bought 14,275 shares of SS&C Technologies Holdings stock in a transaction dated Thursday, August 10th. The shares were bought at an average cost of $36.62 per share, for a total transaction of $522,750.50. The disclosure for this purchase can be found here. Insiders have sold a total of 90,000 shares of company stock worth $3,503,100 in the last quarter. Company insiders own 17.60% of the company’s stock.

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) traded up 0.14% on Wednesday, reaching $41.62. 497,445 shares of the company’s stock were exchanged. SS&C Technologies Holdings, Inc. has a 12 month low of $28.43 and a 12 month high of $41.63. The stock has a market capitalization of $8.54 billion, a PE ratio of 44.37 and a beta of 1.12. The firm has a 50 day moving average of $39.24 and a 200 day moving average of $38.10.

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

SS&C Technologies Holdings Company 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.

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

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