MML Investors Services LLC Raises Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

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MML Investors Services LLC grew its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 37.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,428 shares of the technology company’s stock after acquiring an additional 3,900 shares during the period. MML Investors Services LLC’s holdings in SS&C Technologies were worth $831,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of SS&C Technologies by 12.0% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 30,937 shares of the technology company’s stock valued at $1,782,000 after acquiring an additional 3,327 shares in the last quarter. Foresters Investment Management Company Inc. lifted its stake in shares of SS&C Technologies by 0.3% in the second quarter. Foresters Investment Management Company Inc. now owns 264,600 shares of the technology company’s stock valued at $15,244,000 after purchasing an additional 750 shares during the period. TD Asset Management Inc. lifted its stake in shares of SS&C Technologies by 3.1% in the second quarter. TD Asset Management Inc. now owns 180,378 shares of the technology company’s stock valued at $10,392,000 after purchasing an additional 5,346 shares during the period. CIBC Private Wealth Group LLC lifted its stake in shares of SS&C Technologies by 16.6% in the first quarter. CIBC Private Wealth Group LLC now owns 1,706,665 shares of the technology company’s stock valued at $108,698,000 after purchasing an additional 242,951 shares during the period. Finally, Autus Asset Management LLC lifted its stake in shares of SS&C Technologies by 17.3% in the second quarter. Autus Asset Management LLC now owns 68,099 shares of the technology company’s stock valued at $3,924,000 after purchasing an additional 10,036 shares during the period. 81.90% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies stock traded up $0.26 during trading on Thursday, reaching $50.66. The company had a trading volume of 44,547 shares, compared to its average volume of 1,740,147. SS&C Technologies Holdings, Inc. has a 12-month low of $40.96 and a 12-month high of $67.73. The stock’s 50 day moving average price is $46.99 and its two-hundred day moving average price is $57.00. The firm has a market capitalization of $13.33 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 2.17 and a beta of 1.26. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.09 and a current ratio of 1.09.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Monday, July 29th. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.06. SS&C Technologies had a net margin of 7.22% and a return on equity of 18.78%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the firm earned $0.62 earnings per share. SS&C Technologies’s revenue was up 27.2% compared to the same quarter last year. As a group, research analysts expect that SS&C Technologies Holdings, Inc. will post 3.46 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.79%. SS&C Technologies’s payout ratio is 15.27%.

In related news, Director Jonathan E. Michael bought 2,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was purchased at an average cost of $48.11 per share, for a total transaction of $96,220.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 14.50% of the stock is currently owned by insiders.

Several analysts recently commented on the stock. Credit Suisse Group reduced their price objective on shares of SS&C Technologies from $75.00 to $65.00 and set an “outperform” rating for the company in a research note on Tuesday, July 30th. DA Davidson cut shares of SS&C Technologies from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 30th. ValuEngine cut shares of SS&C Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Buckingham Research set a $67.00 target price on shares of SS&C Technologies and gave the stock a “buy” rating in a research report on Friday, September 6th. Finally, Zacks Investment Research cut shares of SS&C Technologies from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and three have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $68.75.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services and healthcare industries in the United States, Canada, rest of the Americas, Europe, the Asia Pacific, and Japan. The company's products and services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, including portfolio management and reporting; and back-office functions comprising accounting, transfer agency, compliance, regulatory services, performance measurement, reconciliation, reporting, processing, and clearing.

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

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