Sumitomo Mitsui Trust Holdings Inc. Raises Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 816,207 shares of the technology company’s stock after purchasing an additional 1,058 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in SS&C Technologies were worth $42,092,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Creative Planning boosted its position in shares of SS&C Technologies by 3.5% in the 2nd quarter. Creative Planning now owns 5,497 shares of the technology company’s stock worth $317,000 after buying an additional 187 shares in the last quarter. MAI Capital Management boosted its position in shares of SS&C Technologies by 1.0% in the 3rd quarter. MAI Capital Management now owns 25,965 shares of the technology company’s stock worth $1,339,000 after buying an additional 256 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in shares of SS&C Technologies by 2.0% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 13,410 shares of the technology company’s stock worth $773,000 after buying an additional 260 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of SS&C Technologies by 30.5% in the 2nd quarter. Advisory Services Network LLC now owns 1,282 shares of the technology company’s stock worth $74,000 after buying an additional 300 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in shares of SS&C Technologies by 2.3% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,451 shares of the technology company’s stock worth $775,000 after buying an additional 305 shares in the last quarter. Institutional investors own 80.99% of the company’s stock.

Several equities research analysts recently commented on SSNC shares. BidaskClub upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 2nd. Wells Fargo & Co decreased their price objective on shares of SS&C Technologies from $80.00 to $72.00 and set a “buy” rating on the stock in a research report on Tuesday. Credit Suisse Group decreased their price objective on shares of SS&C Technologies from $75.00 to $65.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. Zacks Investment Research upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research report on Thursday. Finally, Buckingham Research set a $67.00 price objective on shares of SS&C Technologies and gave the stock a “buy” rating in a research report on Friday, September 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $66.21.

NASDAQ:SSNC opened at $57.17 on Friday. The firm has a market cap of $14.70 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 2.38 and a beta of 1.25. The company has a current ratio of 1.08, a quick ratio of 1.09 and a debt-to-equity ratio of 1.64. The company’s 50-day moving average is $51.34 and its two-hundred day moving average is $54.07. SS&C Technologies Holdings, Inc. has a 12-month low of $40.96 and a 12-month high of $67.73.

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

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.

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

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