Gulf International Bank UK Ltd lifted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 17.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,556 shares of the technology company’s stock after acquiring an additional 8,090 shares during the period. Gulf International Bank UK Ltd’s holdings in SS&C Technologies were worth $3,538,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of SSNC. Norges Bank bought a new position in shares of SS&C Technologies in the 4th quarter valued at approximately $108,590,000. Frontier Capital Management Co. LLC grew its holdings in SS&C Technologies by 37.1% in the 4th quarter. Frontier Capital Management Co. LLC now owns 3,847,958 shares of the technology company’s stock valued at $173,581,000 after buying an additional 1,042,182 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in SS&C Technologies by 54.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,858,968 shares of the technology company’s stock valued at $162,477,000 after buying an additional 1,010,118 shares during the last quarter. Cantillon Capital Management LLC grew its holdings in SS&C Technologies by 37.1% in the 4th quarter. Cantillon Capital Management LLC now owns 3,561,949 shares of the technology company’s stock valued at $160,679,000 after buying an additional 963,878 shares during the last quarter. Finally, Nordea Investment Management AB grew its holdings in SS&C Technologies by 259.7% in the 4th quarter. Nordea Investment Management AB now owns 782,368 shares of the technology company’s stock valued at $35,293,000 after buying an additional 564,851 shares during the last quarter. 83.99% of the stock is currently owned by institutional investors and hedge funds.
In other news, CFO Patrick J. Pedonti sold 157,500 shares of SS&C Technologies stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $59.41, for a total transaction of $9,357,075.00. Following the sale, the chief financial officer now owns 57,500 shares of the company’s stock, valued at approximately $3,416,075. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 14.50% of the stock is currently owned by company insiders.
Shares of NASDAQ:SSNC opened at $64.21 on Friday. SS&C Technologies Holdings, Inc. has a 1-year low of $40.96 and a 1-year high of $66.30. The company has a market cap of $16.19 billion, a PE ratio of 24.51, a PEG ratio of 1.48 and a beta of 1.22. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.78.
SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Thursday, February 14th. The technology company reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.10. SS&C Technologies had a return on equity of 16.27% and a net margin of 3.01%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the firm earned $0.54 EPS. SS&C Technologies’s revenue for the quarter was up 157.8% compared to the same quarter last year. Research analysts expect that SS&C Technologies Holdings, Inc. will post 3.61 EPS for the current year.
WARNING: This article was originally posted by Baseball Daily News and is the sole property of of Baseball Daily News. If you are accessing this article on another publication, it was copied illegally and reposted in violation of US and international copyright & trademark laws. The correct version of this article can be viewed at https://www.baseballdailydigest.com/news/2019/04/21/ssc-technologies-holdings-inc-ssnc-position-lifted-by-gulf-international-bank-uk-ltd.html.
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 Story: How much can an individual set aside as a catch-up contribution?
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).
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.