Atlantic Trust Group LLC Acquires Shares of 1,380,111 SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Atlantic Trust Group LLC bought a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,380,111 shares of the technology company’s stock, valued at approximately $55,411,000. Atlantic Trust Group LLC owned about 0.67% of SS&C Technologies at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Comerica Bank lifted its position in shares of SS&C Technologies by 1.3% in the 2nd quarter. Comerica Bank now owns 8,151 shares of the technology company’s stock valued at $323,000 after acquiring an additional 108 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of SS&C Technologies by 1.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 16,817 shares of the technology company’s stock valued at $646,000 after acquiring an additional 172 shares in the last quarter. Advisor Group Inc. lifted its position in shares of SS&C Technologies by 14.3% in the 2nd quarter. Advisor Group Inc. now owns 2,780 shares of the technology company’s stock valued at $106,000 after acquiring an additional 348 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of SS&C Technologies by 3.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 13,049 shares of the technology company’s stock valued at $501,000 after acquiring an additional 389 shares in the last quarter. Finally, People s United Financial Inc. lifted its position in shares of SS&C Technologies by 2.5% in the 2nd quarter. People s United Financial Inc. now owns 17,663 shares of the technology company’s stock valued at $678,000 after acquiring an additional 439 shares in the last quarter. 86.13% of the stock is owned by institutional investors and hedge funds.

Several research firms have weighed in on SSNC. DA Davidson upped their price objective on shares of SS&C Technologies to $54.00 and gave the company a “buy” rating in a research note on Friday. JPMorgan Chase & Co. upgraded shares of SS&C Technologies from a “neutral” rating to an “overweight” rating in a research note on Thursday. Needham & Company LLC reiterated a “buy” rating and issued a $60.00 price objective (up previously from $44.00) on shares of SS&C Technologies in a research note on Friday. Zacks Investment Research upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Saturday, January 6th. Finally, Royal Bank of Canada upped their price objective on shares of SS&C Technologies to $60.00 and gave the stock an “outperform” rating in a report on Friday. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. SS&C Technologies presently has a consensus rating of “Buy” and a consensus target price of $48.18.

Shares of SS&C Technologies Holdings, Inc. (NASDAQ SSNC) traded down $0.87 during trading on Friday, reaching $49.47. 4,848,690 shares of the company’s stock were exchanged, compared to its average volume of 1,450,000. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.87. SS&C Technologies Holdings, Inc. has a 12-month low of $30.82 and a 12-month high of $51.39. The company has a market cap of $10,180.00, a P/E ratio of 47.11, a PEG ratio of 1.66 and a beta of 1.08.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. The company had revenue of $419.60 million during the quarter, compared to the consensus estimate of $424.14 million. SS&C Technologies had a net margin of 13.47% and a return on equity of 15.32%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the firm earned $0.42 EPS. analysts forecast that SS&C Technologies Holdings, Inc. will post 1.78 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Thursday, November 30th. SS&C Technologies’s payout ratio is 26.67%.

In other news, CFO Patrick J. Pedonti sold 20,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $40.69, for a total transaction of $813,800.00. Following the completion of the transaction, the chief financial officer now directly owns 17,500 shares of the company’s stock, valued at approximately $712,075. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 60,000 shares of company stock valued at $2,414,600 over the last ninety days. 17.60% of the stock is owned by insiders.

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SS&C Technologies 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 (NASDAQ:SSNC)

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