Tag Archives: SSNC

Sumitomo Mitsui Trust Holdings Inc. Buys 6,020 Shares of SS&C Technologies (SSNC)

Sumitomo Mitsui Trust Holdings Inc. boosted its stake in SS&C Technologies (NASDAQ:SSNC) by 1.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 497,308 shares of the technology company’s stock after purchasing an additional 6,020 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.21% of SS&C Technologies worth $26,676,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. increased its holdings in SS&C Technologies by 81.5% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,566 shares of the technology company’s stock valued at $104,000 after purchasing an additional 1,152 shares in the last quarter. YorkBridge Wealth Partners LLC acquired a new stake in SS&C Technologies in the 4th quarter valued at $124,000. American International Group Inc. acquired a new stake in SS&C Technologies in the 4th quarter valued at $164,000. Bellwether Investment Group LLC acquired a new stake in SS&C Technologies in the 4th quarter valued at $301,000. Finally, BB&T Securities LLC acquired a new stake in SS&C Technologies in the 4th quarter valued at $320,000. Hedge funds and other institutional investors own 74.12% of the company’s stock.

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SS&C Technologies opened at $49.19 on Monday, MarketBeat reports. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $11.71 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 1.61 and a beta of 1.16. SS&C Technologies has a 1-year low of $35.85 and a 1-year high of $53.99.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Tuesday, May 1st. The technology company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The firm had revenue of $434.60 million during the quarter, compared to analysts’ expectations of $433.77 million. SS&C Technologies had a net margin of 19.65% and a return on equity of 15.43%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.44 earnings per share. sell-side analysts expect that SS&C Technologies will post 2.27 earnings per share for the current fiscal year.

SSNC has been the subject of several recent research reports. William Blair downgraded SS&C Technologies from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 16th. UBS increased their price target on SS&C Technologies from $52.00 to $56.00 and gave the company a “buy” rating in a report on Tuesday, January 16th. Zacks Investment Research downgraded SS&C Technologies from a “buy” rating to a “hold” rating and set a $54.00 price target for the company. in a report on Saturday, January 20th. BidaskClub upgraded SS&C Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 16th. Finally, ValuEngine raised shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $54.89.

In other SS&C Technologies news, SVP Paul Gerard Igoe sold 112,000 shares of the company’s stock in a transaction dated Friday, May 4th. The shares were sold at an average price of $48.17, for a total value of $5,395,040.00. Following the completion of the transaction, the senior vice president now directly owns 112,000 shares of the company’s stock, valued at approximately $5,395,040. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 17.50% of the company’s stock.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services providers. Its 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, performance measurement, reconciliation, reporting, processing, and clearing.

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Institutional Ownership by Quarter for SS&C Technologies (NASDAQ:SSNC)

SS&C Technologies (SSNC) Sees Large Volume Increase

SS&C Technologies (NASDAQ:SSNC) saw unusually-high trading volume on Friday . Approximately 101,538 shares traded hands during mid-day trading, a decline of 93% from the previous session’s volume of 1,550,918 shares.The stock last traded at $49.19 and had previously closed at $49.23.

SSNC has been the subject of several recent analyst reports. Morgan Stanley set a $60.00 price target on SS&C Technologies and gave the stock a “buy” rating in a research note on Friday, April 27th. UBS upped their price objective on SS&C Technologies from $52.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, January 16th. BidaskClub upgraded SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Friday, February 16th. ValuEngine upgraded SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Zacks Investment Research cut SS&C Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $54.89.

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The stock has a market cap of $11.67 billion, a P/E ratio of 27.48, a price-to-earnings-growth ratio of 1.60 and a beta of 1.16. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.75.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Tuesday, May 1st. The technology company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). SS&C Technologies had a net margin of 19.65% and a return on equity of 15.85%. The firm had revenue of $434.60 million for the quarter, compared to analysts’ expectations of $433.77 million. During the same quarter last year, the company posted $0.44 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. analysts expect that SS&C Technologies will post 2.27 earnings per share for the current fiscal year.

In other SS&C Technologies news, SVP Paul Gerard Igoe sold 112,000 shares of the business’s stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $48.17, for a total transaction of $5,395,040.00. Following the completion of the sale, the senior vice president now owns 112,000 shares of the company’s stock, valued at $5,395,040. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 17.50% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in SSNC. Vulcan Value Partners LLC bought a new stake in SS&C Technologies during the fourth quarter valued at about $150,111,000. BlackRock Inc. grew its holdings in SS&C Technologies by 20.4% during the first quarter. BlackRock Inc. now owns 10,121,082 shares of the technology company’s stock valued at $542,895,000 after purchasing an additional 1,712,925 shares during the period. Cantillon Capital Management LLC grew its holdings in SS&C Technologies by 72.6% during the first quarter. Cantillon Capital Management LLC now owns 2,834,465 shares of the technology company’s stock valued at $152,040,000 after purchasing an additional 1,192,707 shares during the period. Frontier Capital Management Co. LLC grew its holdings in SS&C Technologies by 66.2% during the fourth quarter. Frontier Capital Management Co. LLC now owns 2,671,877 shares of the technology company’s stock valued at $108,158,000 after purchasing an additional 1,064,603 shares during the period. Finally, Honeywell International Inc. bought a new stake in SS&C Technologies during the fourth quarter valued at about $20,357,000. 74.26% of the stock is owned by institutional investors and hedge funds.

About SS&C Technologies

SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services providers. Its 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, performance measurement, reconciliation, reporting, processing, and clearing.