SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL lessened its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 303,900 shares of the technology company’s stock after selling 4,500 shares during the period. Virginia Retirement Systems ET AL’s holdings in SS&C Technologies were worth $17,508,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SSNC. Swedbank acquired a new position in SS&C Technologies in the 1st quarter valued at about $109,590,000. FMR LLC increased its position in SS&C Technologies by 33.3% in the 1st quarter. FMR LLC now owns 6,744,444 shares of the technology company’s stock valued at $429,553,000 after acquiring an additional 1,686,693 shares during the period. Findlay Park Partners LLP acquired a new position in SS&C Technologies in the 1st quarter valued at about $74,597,000. Janus Henderson Group PLC increased its position in SS&C Technologies by 2.9% in the 1st quarter. Janus Henderson Group PLC now owns 19,743,165 shares of the technology company’s stock valued at $1,257,446,000 after acquiring an additional 558,026 shares during the period. Finally, Waratah Capital Advisors Ltd. acquired a new position in SS&C Technologies in the 1st quarter valued at about $34,451,000. Hedge funds and other institutional investors own 83.20% of the company’s stock.

In related news, SVP Joseph J. Frank sold 10,141 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $59.89, for a total value of $607,344.49. Following the sale, the senior vice president now owns 9,910 shares in the company, valued at approximately $593,509.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jonathan E. Michael purchased 2,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was purchased at an average price of $48.11 per share, for a total transaction of $96,220.00. The disclosure for this purchase can be found here. Corporate insiders own 14.50% of the company’s stock.

NASDAQ SSNC traded up $0.25 on Wednesday, hitting $43.67. 1,039,503 shares of the company’s stock were exchanged, compared to its average volume of 2,404,378. The stock has a market cap of $11.51 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 1.87 and a beta of 1.25. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.77. The firm has a 50-day moving average price of $56.43. SS&C Technologies Holdings, Inc. has a fifty-two week low of $40.96 and a fifty-two week high of $67.73.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Monday, July 29th. The technology company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.06. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.15 billion. SS&C Technologies had a return on equity of 19.13% and a net margin of 7.22%. The company’s revenue was up 27.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.62 EPS. As a group, equities analysts expect that SS&C Technologies Holdings, Inc. will post 3.48 EPS for the current year.

SSNC has been the topic of several recent analyst reports. Raymond James dropped their target price on SS&C Technologies from $78.00 to $60.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, July 30th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of SS&C Technologies in a research report on Monday, July 1st. Buckingham Research dropped their target price on SS&C Technologies from $72.00 to $67.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. ValuEngine cut SS&C Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Finally, UBS Group boosted their target price on SS&C Technologies from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. SS&C Technologies presently has an average rating of “Buy” and an average target price of $69.00.

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.

Read More: What does a hold rating mean?

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.