SS&C Technologies Holdings, Inc. (SSNC) Shares Sold by Suntrust Banks Inc.

Suntrust Banks Inc. trimmed its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 6.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,657 shares of the technology company’s stock after selling 719 shares during the quarter. Suntrust Banks Inc.’s holdings in SS&C Technologies Holdings were worth $408,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Independent Portfolio Consultants Inc. raised its holdings in shares of SS&C Technologies Holdings by 11.4% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,712 shares of the technology company’s stock valued at $104,000 after buying an additional 277 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its holdings in shares of SS&C Technologies Holdings by 25.6% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,050 shares of the technology company’s stock valued at $117,000 after buying an additional 622 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of SS&C Technologies Holdings in the first quarter valued at about $119,000. Global X Management Co. LLC raised its holdings in shares of SS&C Technologies Holdings by 24.6% in the first quarter. Global X Management Co. LLC now owns 3,404 shares of the technology company’s stock valued at $121,000 after buying an additional 672 shares during the last quarter. Finally, First Mercantile Trust Co. raised its holdings in shares of SS&C Technologies Holdings by 20.5% in the second quarter. First Mercantile Trust Co. now owns 3,676 shares of the technology company’s stock valued at $141,000 after buying an additional 625 shares during the last quarter. 86.92% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently commented on SSNC. Jefferies Group LLC reiterated a “buy” rating on shares of SS&C Technologies Holdings in a research report on Tuesday, October 3rd. Zacks Investment Research lowered SS&C Technologies Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Deutsche Bank AG reiterated a “hold” rating and issued a $39.00 price objective (up from $35.00) on shares of SS&C Technologies Holdings in a research report on Friday, July 14th. 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 report on Sunday, July 30th. 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 report on Thursday, July 6th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. SS&C Technologies Holdings presently has an average rating of “Buy” and an average target price of $41.75.

In related news, Director Michael Jay Zamkow acquired 14,275 shares of the stock in a transaction dated Thursday, August 10th. The stock was bought at an average cost of $36.62 per share, for a total transaction of $522,750.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Patrick J. Pedonti sold 30,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $40.38, for a total value of $1,211,400.00. Following the transaction, the chief financial officer now owns 30,000 shares of the company’s stock, valued at $1,211,400. The disclosure for this sale can be found here. Insiders sold 90,000 shares of company stock valued at $3,503,100 over the last quarter. Corporate insiders own 17.60% of the company’s stock.

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SS&C Technologies Holdings (NASDAQ:SSNC) last posted its earnings results on Thursday, July 27th. The technology company reported $0.46 EPS for the quarter, meeting the consensus estimate of $0.46. The firm had revenue of $414.10 million during the quarter, compared to the consensus estimate of $413.33 million. SS&C Technologies Holdings had a return on equity of 14.90% and a net margin of 12.17%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the company earned $0.39 earnings per share.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This is an increase from SS&C Technologies Holdings’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 0.68%. SS&C Technologies Holdings’s dividend payout ratio (DPR) is currently 29.79%.

SS&C Technologies Holdings 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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