SS&C Technologies Holdings, Inc. (SSNC) Stake Lessened by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 67.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,115 shares of the technology company’s stock after selling 59,103 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in SS&C Technologies were worth $1,178,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp raised its position in SS&C Technologies by 20.9% during the second quarter. State Street Corp now owns 3,012,292 shares of the technology company’s stock valued at $115,706,000 after buying an additional 521,727 shares during the period. State of Wisconsin Investment Board raised its position in SS&C Technologies by 7.4% during the third quarter. State of Wisconsin Investment Board now owns 157,385 shares of the technology company’s stock valued at $6,319,000 after buying an additional 10,885 shares during the period. Amundi Pioneer Asset Management Inc. raised its position in SS&C Technologies by 138.3% during the third quarter. Amundi Pioneer Asset Management Inc. now owns 238,338 shares of the technology company’s stock valued at $9,569,000 after buying an additional 138,338 shares during the period. Macquarie Group Ltd. raised its position in SS&C Technologies by 64.3% during the second quarter. Macquarie Group Ltd. now owns 219,251 shares of the technology company’s stock valued at $8,421,000 after buying an additional 85,846 shares during the period. Finally, Fisher Asset Management LLC raised its position in SS&C Technologies by 25.0% during the third quarter. Fisher Asset Management LLC now owns 177,900 shares of the technology company’s stock valued at $7,143,000 after buying an additional 35,625 shares during the period. 86.62% of the stock is owned by institutional investors and hedge funds.

Several research firms recently weighed in on SSNC. JPMorgan Chase & Co. raised SS&C Technologies from a “neutral” rating to an “overweight” rating in a research report on Thursday, January 11th. DA Davidson reaffirmed a “buy” rating and issued a $44.00 target price on shares of SS&C Technologies in a research report on Thursday, October 26th. Needham & Company LLC reaffirmed a “buy” rating on shares of SS&C Technologies in a research report on Friday, October 27th. Royal Bank of Canada upped their target price on SS&C Technologies to $60.00 and gave the stock an “outperform” rating in a research report on Friday, January 12th. Finally, William Blair lowered SS&C Technologies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 16th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. SS&C Technologies presently has a consensus rating of “Buy” and an average price target of $49.55.

In other news, CFO Patrick J. Pedonti sold 20,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $40.39, for a total transaction of $807,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have sold 60,000 shares of company stock valued at $2,616,200. 17.60% of the stock is currently owned by corporate insiders.

Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) traded up $0.53 during mid-day trading on Wednesday, reaching $49.01. The company’s stock had a trading volume of 975,300 shares, compared to its average volume of 2,108,458. The firm has a market cap of $9,980.13, a price-to-earnings ratio of 46.68, a P/E/G ratio of 1.53 and a beta of 1.32. SS&C Technologies Holdings, Inc. has a 12 month low of $32.53 and a 12 month high of $51.39. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.96 and a current ratio of 0.96.

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About SS&C Technologies

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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