IFM Investors Pty Ltd Increases Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

IFM Investors Pty Ltd raised its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 44.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,667 shares of the technology company’s stock after buying an additional 6,987 shares during the period. IFM Investors Pty Ltd’s holdings in SS&C Technologies were worth $1,169,000 at the end of the most recent reporting period.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in SS&C Technologies by 12.0% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 30,937 shares of the technology company’s stock valued at $1,782,000 after buying an additional 3,327 shares during the period. Toronto Dominion Bank lifted its position in shares of SS&C Technologies by 17.7% in the 2nd quarter. Toronto Dominion Bank now owns 47,799 shares of the technology company’s stock worth $2,677,000 after purchasing an additional 7,180 shares during the period. Foresters Investment Management Company Inc. lifted its position in shares of SS&C Technologies by 0.3% in the 2nd quarter. Foresters Investment Management Company Inc. now owns 264,600 shares of the technology company’s stock worth $15,244,000 after purchasing an additional 750 shares during the period. First Hawaiian Bank lifted its position in shares of SS&C Technologies by 15.5% in the 3rd quarter. First Hawaiian Bank now owns 23,040 shares of the technology company’s stock worth $1,188,000 after purchasing an additional 3,093 shares during the period. Finally, TD Asset Management Inc. lifted its position in shares of SS&C Technologies by 3.1% in the 2nd quarter. TD Asset Management Inc. now owns 180,378 shares of the technology company’s stock worth $10,392,000 after purchasing an additional 5,346 shares during the period. 80.99% of the stock is owned by institutional investors and hedge funds.

Shares of SS&C Technologies stock traded up $0.67 during trading on Friday, hitting $57.84. The company’s stock had a trading volume of 1,420,100 shares, compared to its average volume of 1,753,344. The company has a fifty day simple moving average of $51.49 and a two-hundred day simple moving average of $54.03. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.09 and a current ratio of 1.08. The company has a market capitalization of $14.70 billion, a PE ratio of 22.08, a P/E/G ratio of 2.38 and a beta of 1.25. SS&C Technologies Holdings, Inc. has a 52 week low of $40.96 and a 52 week high of $67.73.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Thursday, October 31st. The technology company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. SS&C Technologies had a net margin of 7.83% and a return on equity of 19.25%. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.79 EPS. As a group, analysts predict that SS&C Technologies Holdings, Inc. will post 3.5 EPS for the current year.

SSNC has been the subject of several research analyst reports. Buckingham Research set a $67.00 target price on shares of SS&C Technologies and gave the stock a “buy” rating in a research report on Friday, September 6th. Credit Suisse Group dropped their target price on shares of 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. Zacks Investment Research raised shares of SS&C Technologies from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research report on Thursday. Wells Fargo & Co dropped their target price on shares of 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. Finally, Raymond James set a $65.00 target price on shares of SS&C Technologies and gave the stock a “buy” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $66.21.

About SS&C Technologies

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.

Further Reading: Momentum Investing

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)

Leave a Reply

Your email address will not be published. Required fields are marked *