Palisade Capital Management LLC NJ Acquires 11,360 Shares of SS&C Technologies Holdings, Inc. (SSNC)

Palisade Capital Management LLC NJ grew its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 1.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 612,787 shares of the technology company’s stock after acquiring an additional 11,360 shares during the period. SS&C Technologies Holdings accounts for 0.9% of Palisade Capital Management LLC NJ’s portfolio, making the stock its 25th largest holding. Palisade Capital Management LLC NJ owned 0.30% of SS&C Technologies Holdings worth $24,603,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fortaleza Asset Management Inc. raised its position in shares of SS&C Technologies Holdings by 46.0% during the 3rd quarter. Fortaleza Asset Management Inc. now owns 15,225 shares of the technology company’s stock valued at $611,000 after purchasing an additional 4,800 shares during the period. Pictet Asset Management Ltd. raised its position in shares of SS&C Technologies Holdings by 4.9% during the 3rd quarter. Pictet Asset Management Ltd. now owns 59,400 shares of the technology company’s stock valued at $2,385,000 after purchasing an additional 2,800 shares during the period. Peregrine Capital Management LLC raised its position in shares of SS&C Technologies Holdings by 3.5% during the 3rd quarter. Peregrine Capital Management LLC now owns 1,390,206 shares of the technology company’s stock valued at $55,817,000 after purchasing an additional 47,320 shares during the period. First Trust Advisors LP raised its position in shares of SS&C Technologies Holdings by 18.2% during the 3rd quarter. First Trust Advisors LP now owns 395,216 shares of the technology company’s stock valued at $15,868,000 after purchasing an additional 60,987 shares during the period. Finally, APG Asset Management N.V. bought a new stake in shares of SS&C Technologies Holdings during the 3rd quarter valued at $956,000. Institutional investors and hedge funds own 87.80% of the company’s stock.

SS&C Technologies Holdings (NASDAQ:SSNC) last posted its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.50 earnings per share for the quarter, hitting the Zacks’ 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 firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 earnings per share.

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In other SS&C Technologies Holdings news, CFO Patrick J. Pedonti sold 30,000 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $38.56, for a total transaction of $1,156,800.00. Following the completion of the transaction, the chief financial officer now directly owns 30,000 shares in the company, valued at $1,156,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Jay Zamkow acquired 14,275 shares of SS&C Technologies Holdings stock in a transaction on Thursday, August 10th. The shares were bought 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 110,000 shares of company stock valued at $4,296,100 over the last 90 days. 17.60% of the stock is currently owned by company insiders.

SSNC has been the topic of several recent analyst reports. Deutsche Bank AG restated a “hold” rating and set a $39.00 price objective (up from $35.00) on shares of SS&C Technologies Holdings in a research report on Friday, July 14th. Zacks Investment Research downgraded shares of SS&C Technologies Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Royal Bank Of Canada restated a “buy” rating and set a $41.00 price objective on shares of SS&C Technologies Holdings in a research report on Thursday, July 6th. DA Davidson initiated coverage on shares of SS&C Technologies Holdings in a research report on Thursday, September 14th. They set a “buy” rating and a $43.00 price objective on the stock. Finally, Needham & Company LLC restated a “buy” rating and set a $44.00 price objective (up from $42.00) on shares of SS&C Technologies Holdings in a research report on Sunday, July 30th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $42.11.

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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