Sigma Planning Corp Takes $268,000 Position in SS&C Technologies Holdings, Inc. (SSNC)

Sigma Planning Corp purchased a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the first quarter, HoldingsChannel.com reports. The firm purchased 4,204 shares of the technology company’s stock, valued at approximately $268,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Swedbank bought a new position in SS&C Technologies during the first quarter valued at approximately $109,590,000. Prudential Financial Inc. grew its position in SS&C Technologies by 1,123.6% during the fourth quarter. Prudential Financial Inc. now owns 191,664 shares of the technology company’s stock valued at $8,646,000 after acquiring an additional 176,000 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its position in SS&C Technologies by 4.1% during the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 13,337 shares of the technology company’s stock valued at $601,000 after acquiring an additional 528 shares during the last quarter. DNB Asset Management AS grew its position in SS&C Technologies by 38.2% during the first quarter. DNB Asset Management AS now owns 66,016 shares of the technology company’s stock valued at $4,205,000 after acquiring an additional 18,255 shares during the last quarter. Finally, First Trust Advisors LP grew its position in SS&C Technologies by 90.7% during the fourth quarter. First Trust Advisors LP now owns 570,685 shares of the technology company’s stock valued at $25,744,000 after acquiring an additional 271,417 shares during the last quarter. Institutional investors and hedge funds own 85.56% of the company’s stock.

In other SS&C Technologies news, Director Michael Jay Zamkow purchased 17,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was bought at an average price of $59.76 per share, with a total value of $1,015,920.00. Following the completion of the purchase, the director now directly owns 38,000 shares of the company’s stock, valued at approximately $2,270,880. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Patrick J. Pedonti sold 157,500 shares of the firm’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $59.41, for a total value of $9,357,075.00. Following the completion of the sale, the chief financial officer now directly owns 57,500 shares of the company’s stock, valued at approximately $3,416,075. The disclosure for this sale can be found here. Insiders purchased 17,159 shares of company stock valued at $1,025,569 in the last ninety days. 14.50% of the stock is currently owned by insiders.

A number of research analysts have commented on SSNC shares. Buckingham Research started coverage on shares of SS&C Technologies in a research report on Thursday, January 24th. They set a “buy” rating and a $65.00 price target on the stock. BidaskClub upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, February 12th. Needham & Company LLC restated 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. Royal Bank of Canada raised their target price on shares of SS&C Technologies to $70.00 and gave the stock an “outperform” rating in a report on Friday, February 15th. Finally, Zacks Investment Research cut shares of SS&C Technologies from a “hold” rating to a “sell” rating in a report on Saturday, February 16th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and three have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $70.00.

Shares of SS&C Technologies stock opened at $58.15 on Thursday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.77. SS&C Technologies Holdings, Inc. has a 52-week low of $40.96 and a 52-week high of $67.73. The company has a market capitalization of $14.85 billion, a PE ratio of 22.19, a PEG ratio of 1.65 and a beta of 1.22.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Tuesday, April 30th. The technology company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. SS&C Technologies had a return on equity of 17.19% and a net margin of 3.20%. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the firm posted $0.53 earnings per share. The firm’s revenue was up 164.7% on a year-over-year basis. As a group, analysts predict that SS&C Technologies Holdings, Inc. will post 3.6 EPS for the current year.

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SS&C Technologies Company 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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