Sumitomo Mitsui Asset Management Company LTD purchased a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the second quarter, Holdings Channel reports. The institutional investor purchased 11,855 shares of the technology company’s stock, valued at approximately $455,000.

A number of other institutional investors have also made changes to their positions in the stock. Independent Portfolio Consultants Inc. increased its position in shares of SS&C Technologies Holdings by 11.4% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,712 shares of the technology company’s stock worth $104,000 after buying an additional 277 shares during the period. First Mercantile Trust Co. increased its position in shares of SS&C Technologies Holdings by 197.4% in the first quarter. First Mercantile Trust Co. now owns 3,051 shares of the technology company’s stock worth $108,000 after buying an additional 2,025 shares during the period. SG Americas Securities LLC acquired a new position in shares of SS&C Technologies Holdings during the first quarter worth about $119,000. Global X Management Co. LLC increased its position in shares of SS&C Technologies Holdings by 24.6% in the first quarter. Global X Management Co. LLC now owns 3,404 shares of the technology company’s stock worth $121,000 after buying an additional 672 shares during the period. Finally, Crow Point Partners LLC acquired a new position in shares of SS&C Technologies Holdings during the second quarter worth about $143,000. 88.47% of the stock is owned by hedge funds and other institutional investors.

Shares of SS&C Technologies Holdings, Inc. (NASDAQ SSNC) opened at 36.79 on Friday. SS&C Technologies Holdings, Inc. has a 52 week low of $28.43 and a 52 week high of $40.21. The stock has a market cap of $7.55 billion, a PE ratio of 39.22 and a beta of 1.12. The firm has a 50-day moving average price of $38.81 and a 200-day moving average price of $36.61.

SS&C Technologies Holdings (NASDAQ:SSNC) last posted its quarterly earnings data on Thursday, July 27th. The technology company reported $0.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.46. SS&C Technologies Holdings had a return on equity of 14.90% and a net margin of 12.17%. The company had revenue of $414.10 million for the quarter, compared to the consensus estimate of $413.33 million. During the same period in the previous year, the business earned $0.39 EPS. SS&C Technologies Holdings’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, analysts forecast that SS&C Technologies Holdings, Inc. will post $1.94 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This article was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another domain, it was copied illegally and reposted in violation of international copyright and trademark law. The correct version of this article can be accessed at https://www.dailypolitical.com/2017/08/11/11855-shares-in-ssc-technologies-holdings-inc-ssnc-acquired-by-sumitomo-mitsui-asset-management-company-ltd.html.

A number of brokerages recently issued reports on SSNC. Deutsche Bank AG upped their price target on SS&C Technologies Holdings from $32.00 to $35.00 and gave the company a “hold” rating in a report on Wednesday, April 19th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $39.00 price target on shares of SS&C Technologies Holdings in a report on Thursday, April 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $44.00 price target (up from $42.00) on shares of SS&C Technologies Holdings in a report on Sunday, July 30th. BidaskClub downgraded SS&C Technologies Holdings from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $41.00 price target on shares of SS&C Technologies Holdings in a report on Thursday, July 6th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $41.25.

SS&C Technologies Holdings Company 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.

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 Holdings (NASDAQ:SSNC)

Receive News & Ratings for SS&C Technologies Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SS&C Technologies Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.