Frontier Capital Management Co. LLC Takes Position in SS&C Technologies Holdings, Inc. (SSNC)

Frontier Capital Management Co. LLC purchased a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,607,274 shares of the technology company’s stock, valued at approximately $64,532,000. Frontier Capital Management Co. LLC owned approximately 0.78% of SS&C Technologies Holdings as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in SSNC. Independent Portfolio Consultants Inc. lifted its stake in SS&C Technologies Holdings by 11.4% during the second quarter. Independent Portfolio Consultants Inc. now owns 2,712 shares of the technology company’s stock worth $104,000 after purchasing an additional 277 shares in the last quarter. Advisor Group Inc. lifted its stake in SS&C Technologies Holdings by 14.3% during the second quarter. Advisor Group Inc. now owns 2,780 shares of the technology company’s stock worth $106,000 after purchasing an additional 348 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in SS&C Technologies Holdings by 25.6% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,050 shares of the technology company’s stock worth $117,000 after purchasing an additional 622 shares in the last quarter. SG Americas Securities LLC acquired a new position in SS&C Technologies Holdings during the first quarter worth $119,000. Finally, First Mercantile Trust Co. lifted its stake in SS&C Technologies Holdings by 20.5% during the second quarter. First Mercantile Trust Co. now owns 3,676 shares of the technology company’s stock worth $141,000 after purchasing an additional 625 shares in the last quarter. Institutional investors own 87.80% of the company’s stock.

SS&C Technologies Holdings, Inc. (SSNC) traded up $0.62 during trading on Friday, hitting $40.55. The stock had a trading volume of 354,018 shares, compared to its average volume of 1,028,117. The firm has a market cap of $8,333.24, a PE ratio of 23.13, a price-to-earnings-growth ratio of 1.54 and a beta of 1.09. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.94.

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, hitting the Thomson Reuters’ consensus estimate of $0.50. The firm had revenue of $419.60 million during the quarter, compared to the consensus estimate of $424.14 million. SS&C Technologies Holdings had a return on equity of 15.60% and a net margin of 13.47%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.42 earnings per share. equities research analysts predict that SS&C Technologies Holdings, Inc. will post 1.78 earnings per share for the current fiscal year.

A number of research firms have commented on SSNC. DA Davidson restated a “buy” rating and set a $44.00 price target on shares of SS&C Technologies Holdings in a research note on Thursday, October 26th. BidaskClub cut SS&C Technologies Holdings from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. Zacks Investment Research cut SS&C Technologies Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Needham & Company LLC restated a “buy” rating on shares of SS&C Technologies Holdings in a research note on Friday, October 27th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $41.00 price target on shares of SS&C Technologies Holdings in a research note on Wednesday, August 9th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $42.11.

In other SS&C Technologies Holdings news, Director Michael Jay Zamkow bought 14,275 shares of the stock in a transaction on Thursday, August 10th. The stock was purchased at an average price of $36.62 per share, with a total value of $522,750.50. 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 30,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $37.83, for a total value of $1,134,900.00. Following the transaction, the chief financial officer now directly owns 30,000 shares of the company’s stock, valued at approximately $1,134,900. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,000 shares of company stock valued at $4,296,100. Insiders own 17.60% of the company’s stock.

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SS&C Technologies Holdings Profile

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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