RMB Capital Management LLC Has $19.19 Million Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

RMB Capital Management LLC reduced its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 34.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 333,158 shares of the technology company’s stock after selling 175,091 shares during the period. RMB Capital Management LLC owned about 0.13% of SS&C Technologies worth $19,193,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of the stock. Creative Planning lifted its stake in SS&C Technologies by 3.5% in the 2nd quarter. Creative Planning now owns 5,497 shares of the technology company’s stock valued at $317,000 after purchasing an additional 187 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its position in SS&C Technologies by 1.9% during the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 13,588 shares of the technology company’s stock worth $865,000 after acquiring an additional 251 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in SS&C Technologies by 2.0% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 13,410 shares of the technology company’s stock worth $773,000 after acquiring an additional 260 shares during the last quarter. Advisory Services Network LLC lifted its position in SS&C Technologies by 30.5% during the second quarter. Advisory Services Network LLC now owns 1,282 shares of the technology company’s stock worth $74,000 after acquiring an additional 300 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY lifted its position in SS&C Technologies by 2.2% during the first quarter. Metropolitan Life Insurance Co NY now owns 15,466 shares of the technology company’s stock worth $985,000 after acquiring an additional 334 shares during the last quarter. Institutional investors and hedge funds own 81.94% of the company’s stock.

In other SS&C Technologies news, Director Jonathan E. Michael bought 2,000 shares of the stock in a transaction dated Thursday, August 1st. The shares were bought at an average cost of $48.11 per share, with a total value of $96,220.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 14.50% of the stock is currently owned by company insiders.

SSNC has been the subject of several research reports. ValuEngine downgraded 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 price objective on shares of SS&C Technologies and gave the stock a “buy” rating in a research report on Friday, September 6th. BidaskClub upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Friday. Raymond James cut their price objective on shares of SS&C Technologies from $78.00 to $60.00 and set a “strong-buy” rating for the company in a research report on Tuesday, July 30th. Finally, Credit Suisse Group cut 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 report on Tuesday, July 30th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and three have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $68.75.

Shares of SSNC traded up $0.45 during mid-day trading on Friday, hitting $52.60. 123,111 shares of the company’s stock were exchanged, compared to its average volume of 1,602,829. SS&C Technologies Holdings, Inc. has a 52 week low of $40.96 and a 52 week high of $67.73. The stock’s 50-day simple moving average is $47.95 and its 200-day simple moving average is $57.27. The firm has a market cap of $12.72 billion, a price-to-earnings ratio of 20.08, a price-to-earnings-growth ratio of 2.07 and a beta of 1.26. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.68.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Monday, July 29th. The technology company reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the firm earned $0.62 earnings per share. The business’s revenue for the quarter was up 27.2% on a year-over-year basis. Analysts forecast that SS&C Technologies Holdings, Inc. will post 3.46 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.76%. SS&C Technologies’s dividend payout ratio is presently 15.27%.

About SS&C Technologies

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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