Keybank National Association OH Trims Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Keybank National Association OH lessened its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 4.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,578 shares of the technology company’s stock after selling 429 shares during the period. Keybank National Association OH’s holdings in SS&C Technologies were worth $442,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new stake in shares of SS&C Technologies during the 2nd quarter worth about $25,000. Capital Investment Advisory Services LLC grew its position in SS&C Technologies by 930.0% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 515 shares of the technology company’s stock valued at $30,000 after acquiring an additional 465 shares in the last quarter. Hudock Capital Group LLC acquired a new position in SS&C Technologies in the 2nd quarter valued at about $42,000. Machina Capital S.A.S. acquired a new position in SS&C Technologies in the 2nd quarter valued at about $52,000. Finally, FTB Advisors Inc. acquired a new position in SS&C Technologies in the 2nd quarter valued at about $52,000. Institutional investors and hedge funds own 81.00% of the company’s stock.

SSNC has been the subject of several research reports. Royal Bank of Canada set a $70.00 target price on SS&C Technologies and gave the company a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Co dropped their target price on SS&C Technologies from $80.00 to $72.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. DA Davidson raised SS&C Technologies from a “neutral” rating to a “buy” rating and set a $62.00 target price for the company in a research report on Friday, October 18th. Credit Suisse Group dropped their target price on SS&C Technologies from $75.00 to $65.00 and set an “outperform” rating for the company in a research report on Tuesday, July 30th. Finally, UBS Group dropped their target price on SS&C Technologies from $80.00 to $72.00 and set a “buy” rating for the company in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $66.21.

Shares of SS&C Technologies stock traded up $0.23 on Friday, reaching $58.42. 10,536 shares of the company were exchanged, compared to its average volume of 1,706,740. SS&C Technologies Holdings, Inc. has a 1-year low of $40.96 and a 1-year high of $67.73. The company has a market cap of $14.70 billion, a P/E ratio of 22.21, a price-to-earnings-growth ratio of 2.38 and a beta of 1.25. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.08 and a quick ratio of 1.08. The stock’s 50 day moving average price is $52.29 and its 200-day moving average price is $53.85.

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

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.

Featured Article: Return on Investment (ROI) Defined, Explained

Want to see what other hedge funds are holding SSNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SS&C Technologies Holdings, Inc. (NASDAQ:SSNC).

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

Receive News & Ratings for SS&C Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SS&C Technologies and related companies with MarketBeat.com's FREE daily email newsletter.