Gamble Jones Investment Counsel Has $2.65 Million Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Gamble Jones Investment Counsel decreased its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 14.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,499 shares of the technology company’s stock after selling 10,763 shares during the quarter. Gamble Jones Investment Counsel’s holdings in SS&C Technologies were worth $2,651,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Frontier Capital Management Co. LLC bought a new stake in shares of SS&C Technologies in the 3rd quarter worth approximately $64,532,000. Atlantic Trust Group LLC bought a new stake in SS&C Technologies during the 3rd quarter valued at $55,411,000. Koch Industries Inc. bought a new stake in SS&C Technologies during the 2nd quarter valued at $719,000. State Street Corp raised its stake in SS&C Technologies by 20.9% during the 2nd quarter. State Street Corp now owns 3,012,292 shares of the technology company’s stock valued at $115,706,000 after acquiring an additional 521,727 shares in the last quarter. Finally, Pax World Management LLC bought a new stake in SS&C Technologies during the 3rd quarter valued at $18,812,000. Institutional investors own 86.62% of the company’s stock.

Shares of SS&C Technologies Holdings, Inc. (SSNC) traded up $0.53 during mid-day trading on Wednesday, hitting $49.01. The stock had a trading volume of 975,300 shares, compared to its average volume of 2,112,096. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.87. SS&C Technologies Holdings, Inc. has a twelve month low of $32.53 and a twelve month high of $51.39. The stock has a market capitalization of $9,980.13, a P/E ratio of 46.68, a price-to-earnings-growth ratio of 1.53 and a beta of 1.32.

In other SS&C Technologies news, CFO Patrick J. Pedonti sold 20,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $40.39, for a total value of $807,800.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold 60,000 shares of company stock worth $2,616,200 in the last 90 days. Corporate insiders own 17.60% of the company’s stock.

Several analysts have weighed in on SSNC shares. Morgan Stanley lifted their target price on SS&C Technologies from $42.00 to $44.00 and gave the company an “overweight” rating in a research note on Thursday, October 26th. Raymond James Financial raised SS&C Technologies from an “outperform” rating to a “strong-buy” rating in a research note on Tuesday, November 21st. Needham & Company LLC reissued 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, January 12th. BidaskClub raised SS&C Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. Finally, Zacks Investment Research downgraded SS&C Technologies from a “buy” rating to a “hold” rating and set a $54.00 price objective on the stock. in a research note on Saturday, January 20th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $49.55.

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SS&C Technologies 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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