WINTON GROUP Ltd reduced its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 23.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 4,365 shares of the technology company’s stock after selling 1,334 shares during the period. WINTON GROUP Ltd’s holdings in SS&C Technologies were worth $251,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Swedbank purchased a new stake in SS&C Technologies during the first quarter worth about $109,590,000. DNB Asset Management AS increased its stake in SS&C Technologies by 38.2% during the first quarter. DNB Asset Management AS now owns 66,016 shares of the technology company’s stock worth $4,205,000 after purchasing an additional 18,255 shares during the period. Mn Services Vermogensbeheer B.V. increased its stake in SS&C Technologies by 6.0% during the first quarter. Mn Services Vermogensbeheer B.V. now owns 38,840 shares of the technology company’s stock worth $2,474,000 after purchasing an additional 2,200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in SS&C Technologies by 14.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 433,553 shares of the technology company’s stock worth $27,613,000 after purchasing an additional 53,318 shares during the period. Finally, Millennium Management LLC purchased a new stake in SS&C Technologies during the fourth quarter worth about $4,172,000. Hedge funds and other institutional investors own 82.69% of the company’s stock.
Shares of SSNC stock traded down $1.31 during trading hours on Friday, reaching $45.48. 3,252,011 shares of the stock were exchanged, compared to its average volume of 2,284,376. The stock has a fifty day moving average price of $57.41. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.12 and a quick ratio of 1.12. SS&C Technologies Holdings, Inc. has a 12-month low of $40.96 and a 12-month high of $67.73. The stock has a market cap of $11.84 billion, a price-to-earnings ratio of 17.36, a P/E/G ratio of 1.90 and a beta of 1.26.
SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Monday, July 29th. The technology company reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.06. SS&C Technologies had a net margin of 7.22% and a return on equity of 19.13%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the firm earned $0.62 earnings per share. The business’s quarterly revenue was up 27.2% compared to the same quarter last year. As a group, research analysts predict that SS&C Technologies Holdings, Inc. will post 3.48 EPS for the current year.
In related news, SVP Joseph J. Frank sold 10,141 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $59.89, for a total transaction of $607,344.49. Following the sale, the senior vice president now directly owns 9,910 shares in the company, valued at $593,509.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 14.50% of the stock is currently owned by corporate insiders.
A number of analysts have issued reports on SSNC shares. ValuEngine lowered shares of SS&C Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday. Zacks Investment Research lowered shares of SS&C Technologies from a “hold” rating to a “sell” rating in a research note on Friday. Raymond James cut their price target on shares of SS&C Technologies from $78.00 to $60.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, July 30th. BidaskClub lowered shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of SS&C Technologies in a research note on Monday, July 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. SS&C Technologies presently has a consensus rating of “Buy” and a consensus price target of $69.00.
SS&C Technologies Profile
SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services and healthcare industries in the United States, Canada, rest of the Americas, Europe, the Asia Pacific, and Japan. The company's 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, transfer agency, compliance, regulatory services, performance measurement, reconciliation, reporting, processing, and clearing.
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