Kornitzer Capital Management Inc. KS Has $3.86 Million Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Kornitzer Capital Management Inc. KS boosted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 16.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,642 shares of the technology company's stock after buying an additional 8,653 shares during the quarter. Kornitzer Capital Management Inc. KS's holdings in SS&C Technologies were worth $3,863,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Pzena Investment Management LLC lifted its stake in shares of SS&C Technologies by 0.3% in the 1st quarter. Pzena Investment Management LLC now owns 14,519,103 shares of the technology company's stock valued at $934,595,000 after purchasing an additional 46,211 shares during the period. Burgundy Asset Management Ltd. grew its position in SS&C Technologies by 0.5% in the first quarter. Burgundy Asset Management Ltd. now owns 4,740,742 shares of the technology company's stock worth $305,162,000 after acquiring an additional 23,950 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of SS&C Technologies by 1.5% in the 4th quarter. Franklin Resources Inc. now owns 3,871,753 shares of the technology company's stock valued at $236,603,000 after acquiring an additional 56,002 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in SS&C Technologies by 0.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,860,256 shares of the technology company's stock worth $248,485,000 after acquiring an additional 25,183 shares during the period. Finally, Norges Bank purchased a new stake in SS&C Technologies in the fourth quarter worth $168,860,000. Institutional investors own 96.95% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on SSNC shares. DA Davidson raised their price target on shares of SS&C Technologies from $84.00 to $88.00 and gave the company a "buy" rating in a report on Monday, July 29th. Needham & Company LLC lifted their target price on SS&C Technologies from $74.00 to $81.00 and gave the stock a "buy" rating in a report on Friday, July 26th. Finally, Royal Bank of Canada upped their price target on shares of SS&C Technologies from $72.00 to $75.00 and gave the company an "outperform" rating in a research note on Friday, July 26th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, SS&C Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $70.75.

Insiders Place Their Bets

In other news, Director Michael Jay Zamkow sold 7,500 shares of the firm's stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $60.46, for a total transaction of $453,450.00. Following the completion of the transaction, the director now owns 41,576 shares in the company, valued at approximately $2,513,684.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other SS&C Technologies news, COO Rahul Kanwar sold 412,190 shares of SS&C Technologies stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $73.13, for a total value of $30,143,454.70. Following the transaction, the chief operating officer now directly owns 57,642 shares of the company's stock, valued at approximately $4,215,359.46. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael Jay Zamkow sold 7,500 shares of the firm's stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $60.46, for a total value of $453,450.00. Following the completion of the sale, the director now owns 41,576 shares of the company's stock, valued at approximately $2,513,684.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 468,190 shares of company stock valued at $34,031,675. Company insiders own 15.40% of the company's stock.

SS&C Technologies Stock Performance

NASDAQ:SSNC traded down $0.87 during mid-day trading on Friday, reaching $72.10. 1,057,855 shares of the stock were exchanged, compared to its average volume of 981,151. The stock has a market capitalization of $17.69 billion, a P/E ratio of 28.73 and a beta of 1.38. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.01. The company has a 50 day simple moving average of $69.66 and a 200-day simple moving average of $64.98. SS&C Technologies Holdings, Inc. has a 1 year low of $46.61 and a 1 year high of $75.10.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The technology company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.07. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.43 billion. SS&C Technologies had a return on equity of 17.43% and a net margin of 12.33%. The company's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 EPS. Analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.66 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Tuesday, September 3rd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend is Tuesday, September 3rd. This is a positive change from SS&C Technologies's previous quarterly dividend of $0.24. SS&C Technologies's payout ratio is 38.25%.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.