SS&C Technologies Holdings, Inc. (SSNC) Position Decreased by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 31,498 shares of the technology company’s stock after selling 914 shares during the period. Principal Financial Group Inc.’s holdings in SS&C Technologies Holdings were worth $1,115,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Iridian Asset Management LLC CT purchased a new position in SS&C Technologies Holdings during the first quarter worth approximately $35,644,000. Turtle Creek Asset Management Inc. boosted 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 valued at $69,593,000 after buying an additional 514,600 shares during the last quarter. RWC Asset Management LLP bought a new stake in shares of SS&C Technologies Holdings during the first quarter valued at about $12,390,000. Russell Investments Group Ltd. boosted its stake in shares of SS&C Technologies Holdings by 33.4% in the first quarter. Russell Investments Group Ltd. now owns 793,862 shares of the technology company’s stock valued at $28,107,000 after buying an additional 198,607 shares during the last quarter. Finally, Highbridge Capital Management LLC bought a new stake in shares of SS&C Technologies Holdings during the fourth quarter valued at about $5,604,000. Institutional investors own 88.47% of the company’s stock.

SS&C Technologies Holdings, Inc. (SSNC) opened at 37.63 on Friday. The company has a 50-day moving average price of $38.78 and a 200 day moving average price of $36.65. SS&C Technologies Holdings, Inc. has a 12-month low of $28.43 and a 12-month high of $40.21. The stock has a market cap of $7.72 billion, a price-to-earnings ratio of 40.12 and a beta of 1.12.

SS&C Technologies Holdings (NASDAQ:SSNC) last issued its quarterly earnings data on Thursday, July 27th. The technology company reported $0.46 EPS for the quarter, hitting analysts’ consensus estimates 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 net margin of 12.17% and a return on equity of 14.90%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.39 EPS. On average, equities research analysts predict that SS&C Technologies Holdings, Inc. will post $1.94 EPS for the current year.

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Several analysts have recently issued reports on the company. Deutsche Bank AG increased their price objective on SS&C Technologies Holdings from $32.00 to $35.00 and gave the company a “hold” rating in a research note on Wednesday, April 19th. Needham & Company LLC reiterated a “buy” rating and issued a $44.00 price objective (up from $42.00) on shares of SS&C Technologies Holdings in a research note on Sunday, July 30th. BidaskClub cut SS&C Technologies Holdings from a “buy” rating to a “hold” rating in a research note on Friday. Jefferies Group LLC reiterated a “buy” rating and issued a $45.00 price objective (up from $39.00) on shares of SS&C Technologies Holdings in a research note on Saturday, April 29th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $41.00 price objective on shares of SS&C Technologies Holdings in a research note on Thursday, July 6th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $41.25.

In related news, Director Michael Jay Zamkow bought 14,275 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were acquired at an average price of $36.62 per share, for a total transaction of $522,750.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 17.60% of the company’s stock.

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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