New York State Common Retirement Fund Has $9.58 Million Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

New York State Common Retirement Fund trimmed its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 3.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 114,710 shares of the technology company's stock after selling 3,500 shares during the quarter. New York State Common Retirement Fund's holdings in SS&C Technologies were worth $9,582,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Unigestion Holding SA grew its stake in shares of SS&C Technologies by 861.7% during the first quarter. Unigestion Holding SA now owns 95,341 shares of the technology company's stock valued at $7,964,000 after purchasing an additional 85,427 shares during the last quarter. Ritholtz Wealth Management acquired a new position in SS&C Technologies during the 1st quarter worth $509,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in SS&C Technologies by 403.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,865 shares of the technology company's stock worth $6,337,000 after buying an additional 60,784 shares in the last quarter. Bank of New York Mellon Corp boosted its position in SS&C Technologies by 6.8% in the 1st quarter. Bank of New York Mellon Corp now owns 1,191,017 shares of the technology company's stock valued at $99,486,000 after buying an additional 75,807 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of SS&C Technologies by 31.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 736,523 shares of the technology company's stock valued at $61,522,000 after buying an additional 177,079 shares during the period. Institutional investors and hedge funds own 96.95% of the company's stock.

Insider Buying and Selling

In related news, Director Jonathan E. Michael acquired 2,700 shares of the firm's stock in a transaction on Thursday, May 1st. The shares were purchased at an average cost of $75.53 per share, for a total transaction of $203,931.00. Following the completion of the acquisition, the director directly owned 72,776 shares in the company, valued at approximately $5,496,771.28. This trade represents a 3.85% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael Jay Zamkow sold 12,500 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $79.92, for a total transaction of $999,000.00. Following the sale, the director owned 12,476 shares of the company's stock, valued at approximately $997,081.92. This represents a 50.05% decrease in their position. The disclosure for this sale can be found here. Company insiders own 16.40% of the company's stock.

SS&C Technologies Stock Up 0.2%

Shares of SSNC stock opened at $83.41 on Friday. The firm's fifty day moving average price is $81.10 and its two-hundred day moving average price is $80.75. SS&C Technologies Holdings, Inc. has a 1 year low of $66.46 and a 1 year high of $89.73. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $20.57 billion, a P/E ratio of 25.90 and a beta of 1.23.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.03. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. SS&C Technologies had a return on equity of 18.68% and a net margin of 13.69%. The business's revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $1.28 earnings per share. On average, equities analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.25 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.00 annualized dividend and a yield of 1.20%. SS&C Technologies's dividend payout ratio is 31.06%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SSNC. Wall Street Zen raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. DA Davidson upped their target price on shares of SS&C Technologies from $94.00 to $98.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Needham & Company LLC reduced their target price on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $86.00 price target (down from $90.00) on shares of SS&C Technologies in a research note on Friday, April 25th. Finally, Raymond James Financial cut their price objective on shares of SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating on the stock in a report on Friday, April 25th. One analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $92.43.

SS&C Technologies Profile

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.

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