SS&C Technologies Holdings, Inc. (SSNC) Position Lifted by Gulf International Bank UK Ltd

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.

SSNC has been the topic of a number of research analyst reports. Needham & Company LLC reaffirmed a “strong-buy” rating and issued a $75.00 target price (up previously from $70.00) on shares of SS&C Technologies in a report on Friday, February 15th. Buckingham Research initiated coverage on SS&C Technologies in a report on Thursday, January 24th. They issued a “buy” rating and a $65.00 target price on the stock. BidaskClub raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 20th. JPMorgan Chase & Co. set a $70.00 target price on SS&C Technologies and gave the company a “buy” rating in a report on Friday, February 15th. Finally, Royal Bank of Canada raised their target price on SS&C Technologies to $70.00 and gave the company an “outperform” rating in a report on Friday, February 15th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and four have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $68.60.

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.

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

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