Cornerstone Capital Management Holdings LLC. Purchases New Stake in SS&C Technologies Holdings, Inc. (SSNC)

Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 7,494 shares of the technology company’s stock, valued at approximately $287,000.

Several other hedge funds have also recently modified their holdings of SSNC. Comerica Bank increased its position in shares of SS&C Technologies Holdings by 1.1% during the 1st quarter. Comerica Bank now owns 8,043 shares of the technology company’s stock valued at $302,000 after purchasing an additional 89 shares during the period. Karp Capital Management Corp acquired a new position in shares of SS&C Technologies Holdings during the 1st quarter valued at $340,000. Prudential Financial Inc. acquired a new position in shares of SS&C Technologies Holdings during the 1st quarter valued at $1,301,000. SG Americas Securities LLC acquired a new position in shares of SS&C Technologies Holdings during the 1st quarter valued at $119,000. Finally, Teachers Advisors LLC increased its position in shares of SS&C Technologies Holdings by 7.7% during the 1st quarter. Teachers Advisors LLC now owns 162,333 shares of the technology company’s stock valued at $5,747,000 after purchasing an additional 11,655 shares during the period. Institutional investors own 87.78% of the company’s stock.

SS&C Technologies Holdings, Inc. (NASDAQ SSNC) opened at 40.61 on Friday. SS&C Technologies Holdings, Inc. has a one year low of $28.43 and a one year high of $42.48. The firm has a market capitalization of $8.34 billion, a PE ratio of 43.29 and a beta of 1.12. The company has a 50 day moving average price of $40.07 and a 200-day moving average price of $38.52.

SS&C Technologies Holdings (NASDAQ:SSNC) last issued its earnings results on Wednesday, October 25th. The technology company reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. The company had revenue of $419.60 million during the quarter, compared to analysts’ expectations of $424.14 million. SS&C Technologies Holdings had a net margin of 13.47% and a return on equity of 15.60%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS. On average, equities analysts predict that SS&C Technologies Holdings, Inc. will post $1.93 EPS for the current year.

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Several equities analysts have recently issued reports on SSNC shares. Royal Bank Of Canada reiterated a “buy” rating and set a $41.00 price target on shares of SS&C Technologies Holdings in a research report on Thursday, July 6th. Deutsche Bank AG reiterated a “hold” rating and set a $39.00 price target (up from $35.00) on shares of SS&C Technologies Holdings in a research report on Friday, July 14th. Needham & Company LLC reiterated a “buy” rating and set a $44.00 price target (up from $42.00) on shares of SS&C Technologies Holdings in a research report on Sunday, July 30th. Zacks Investment Research upgraded SS&C Technologies Holdings from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Wednesday, August 2nd. Finally, BidaskClub cut SS&C Technologies Holdings from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 4th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. SS&C Technologies Holdings has a consensus rating of “Buy” and an average target price of $42.11.

In other SS&C Technologies Holdings news, CFO Patrick J. Pedonti sold 30,000 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $37.83, for a total transaction of $1,134,900.00. Following the completion of the sale, the chief financial officer now owns 30,000 shares in the company, valued at approximately $1,134,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Jay Zamkow bought 14,275 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were acquired at an average price of $36.62 per share, with a total value of $522,750.50. The disclosure for this purchase can be found here. Insiders have sold a total of 90,000 shares of company stock valued at $3,503,100 in the last quarter. Corporate insiders own 17.60% of the company’s stock.

About SS&C Technologies Holdings

SS&C Technologies Holdings, Inc is a holding company. The Company is a provider of software products and software-enabled services that allow financial services providers to automate complex business processes and manage their information processing requirements. The Company’s portfolio of software products and software-enabled services allows its clients to automate and integrate front-office functions, such as trading and modeling, middle-office functions, such as portfolio management and reporting, and back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing.

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

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