GW&K Investment Management LLC Increases Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

GW&K Investment Management LLC boosted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 13.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 703,709 shares of the technology company’s stock after purchasing an additional 81,664 shares during the quarter. GW&K Investment Management LLC’s holdings in SS&C Technologies were worth $36,291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Creative Planning raised its stake in SS&C Technologies by 3.5% in the second quarter. Creative Planning now owns 5,497 shares of the technology company’s stock valued at $317,000 after purchasing an additional 187 shares in the last quarter. MAI Capital Management raised its stake in shares of SS&C Technologies by 1.0% during the third quarter. MAI Capital Management now owns 25,965 shares of the technology company’s stock worth $1,339,000 after acquiring an additional 256 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in shares of SS&C Technologies by 2.0% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 13,410 shares of the technology company’s stock worth $773,000 after acquiring an additional 260 shares in the last quarter. Advisory Services Network LLC raised its stake in shares of SS&C Technologies by 30.5% during the second quarter. Advisory Services Network LLC now owns 1,282 shares of the technology company’s stock worth $74,000 after acquiring an additional 300 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in shares of SS&C Technologies by 2.3% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,451 shares of the technology company’s stock worth $775,000 after acquiring an additional 305 shares in the last quarter. 80.99% of the stock is currently owned by institutional investors and hedge funds.

Shares of SS&C Technologies stock traded up $0.67 on Friday, hitting $57.84. The stock had a trading volume of 1,420,100 shares, compared to its average volume of 1,753,344. The stock’s 50-day simple moving average is $51.49 and its two-hundred day simple moving average is $54.03. The company has a quick ratio of 1.09, a current ratio of 1.08 and a debt-to-equity ratio of 1.64. The stock has a market cap of $14.70 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 2.38 and a beta of 1.25. SS&C Technologies Holdings, Inc. has a one year low of $40.96 and a one year high of $67.73.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings results on Thursday, October 31st. The technology company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.04. The firm had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. SS&C Technologies had a return on equity of 19.25% and a net margin of 7.83%. SS&C Technologies’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.79 EPS. As a group, equities analysts predict that SS&C Technologies Holdings, Inc. will post 3.5 EPS for the current fiscal year.

SSNC has been the topic of several research reports. Royal Bank of Canada set a $70.00 price target on shares of SS&C Technologies and gave the stock a “buy” rating in a research note on Friday, November 1st. Raymond James set a $65.00 price target on shares of SS&C Technologies and gave the stock a “buy” rating in a research note on Friday, November 1st. Needham & Company LLC reissued a “buy” rating and set a $65.00 price target on shares of SS&C Technologies in a research note on Friday, November 1st. Zacks Investment Research raised shares of SS&C Technologies from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research note on Thursday. Finally, DA Davidson raised shares of SS&C Technologies from a “neutral” rating to a “buy” rating and set a $62.00 price target on the stock in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $66.21.

About SS&C Technologies

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.

Further Reading: Equity Income

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

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