SS&C Technologies Holdings, Inc. (SSNC) CFO Patrick J. Pedonti Sells 20,000 Shares

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) CFO Patrick J. Pedonti sold 20,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $40.69, for a total transaction of $813,800.00. Following the sale, the chief financial officer now directly owns 17,500 shares of the company’s stock, valued at approximately $712,075. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) opened at $40.48 on Tuesday. The firm has a market cap of $8,330.00, a price-to-earnings ratio of 23.41, a P/E/G ratio of 1.56 and a beta of 1.08. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.87. SS&C Technologies Holdings, Inc. has a 1-year low of $28.43 and a 1-year high of $42.48.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Wednesday, October 25th. The technology company reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. The company had revenue of $419.60 million during the quarter, compared to the consensus estimate of $424.14 million. SS&C Technologies had a net margin of 13.47% and a return on equity of 15.32%. SS&C Technologies’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 EPS. analysts expect that SS&C Technologies Holdings, Inc. will post 1.78 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, November 30th. SS&C Technologies’s dividend payout ratio (DPR) is presently 26.67%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SSNC. Janus Henderson Group PLC boosted its holdings in shares of SS&C Technologies by 5,137.5% during the 2nd quarter. Janus Henderson Group PLC now owns 20,123,345 shares of the technology company’s stock valued at $772,938,000 after purchasing an additional 19,739,127 shares during the last quarter. Frontier Capital Management Co. LLC bought a new position in shares of SS&C Technologies during the 3rd quarter valued at about $64,532,000. Findlay Park Partners LLP bought a new position in shares of SS&C Technologies during the 2nd quarter valued at about $61,513,000. Geneva Advisors LLC boosted its holdings in shares of SS&C Technologies by 8,872.9% during the 2nd quarter. Geneva Advisors LLC now owns 960,997 shares of the technology company’s stock valued at $36,912,000 after purchasing an additional 950,287 shares during the last quarter. Finally, Iridian Asset Management LLC CT boosted its holdings in shares of SS&C Technologies by 78.9% during the 2nd quarter. Iridian Asset Management LLC CT now owns 1,801,105 shares of the technology company’s stock valued at $69,180,000 after purchasing an additional 794,215 shares during the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently issued reports on SSNC shares. Royal Bank Of Canada reissued a “buy” rating and set a $41.00 price objective on shares of SS&C Technologies in a research report on Wednesday, August 9th. Needham & Company LLC reaffirmed a “buy” rating on shares of SS&C Technologies in a report on Friday, October 27th. DA Davidson reaffirmed a “buy” rating and issued a $44.00 target price on shares of SS&C Technologies in a report on Thursday, October 26th. Jefferies Group reaffirmed a “buy” rating on shares of SS&C Technologies in a report on Tuesday, October 3rd. Finally, Zacks Investment Research raised shares of SS&C Technologies from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a report on Thursday, August 31st. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $42.50.

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SS&C Technologies 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.

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