SS&C Technologies Holdings, Inc. (SSNC) Holdings Lifted by IFM Investors Pty Ltd
IFM Investors Pty Ltd boosted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 96.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,908 shares of the technology company’s stock after buying an additional 4,368 shares during the quarter. IFM Investors Pty Ltd’s holdings in SS&C Technologies were worth $462,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Macquarie Group Ltd. grew its position in SS&C Technologies by 48.5% during the fourth quarter. Macquarie Group Ltd. now owns 331,783 shares of the technology company’s stock worth $13,431,000 after buying an additional 108,319 shares during the period. Wells Fargo & Company MN grew its position in SS&C Technologies by 5.5% during the fourth quarter. Wells Fargo & Company MN now owns 123,919 shares of the technology company’s stock worth $5,016,000 after buying an additional 6,468 shares during the period. Raymond James & Associates grew its position in SS&C Technologies by 361.3% during the fourth quarter. Raymond James & Associates now owns 279,761 shares of the technology company’s stock worth $11,325,000 after buying an additional 219,120 shares during the period. BB&T Securities LLC acquired a new position in SS&C Technologies during the fourth quarter worth about $320,000. Finally, BlackRock Inc. grew its position in SS&C Technologies by 20.4% during the first quarter. BlackRock Inc. now owns 10,121,082 shares of the technology company’s stock worth $542,895,000 after buying an additional 1,712,925 shares during the period. Institutional investors own 70.78% of the company’s stock.
In other SS&C Technologies news, SVP Paul Gerard Igoe sold 112,000 shares of the company’s stock in a transaction dated Friday, May 4th. The shares were sold at an average price of $48.17, for a total value of $5,395,040.00. Following the sale, the senior vice president now owns 112,000 shares of the company’s stock, valued at $5,395,040. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan E. Michael purchased 12,543 shares of SS&C Technologies stock in a transaction on Friday, May 11th. The stock was acquired at an average cost of $49.10 per share, for a total transaction of $615,861.30. The disclosure for this purchase can be found here. 17.50% of the stock is owned by corporate insiders.
Shares of SS&C Technologies opened at $53.91 on Thursday, according to Marketbeat Ratings. SS&C Technologies Holdings, Inc. has a 12-month low of $36.48 and a 12-month high of $55.25. The stock has a market capitalization of $12.86 billion, a price-to-earnings ratio of 30.12, a price-to-earnings-growth ratio of 1.85 and a beta of 1.18. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.69.
SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Tuesday, May 1st. The technology company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). SS&C Technologies had a net margin of 19.65% and a return on equity of 15.43%. The business had revenue of $434.60 million during the quarter, compared to analysts’ expectations of $433.77 million. During the same period last year, the company earned $0.44 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. equities analysts predict that SS&C Technologies Holdings, Inc. will post 2.16 EPS for the current fiscal year.
SS&C Technologies Company Profile
SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services providers. Its 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, performance measurement, reconciliation, reporting, processing, and clearing.
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