Bamco Inc. NY lowered its position in shares of SS&C Technologies (NASDAQ:SSNC) by 3.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,423,877 shares of the technology company’s stock after selling 242,424 shares during the quarter. SS&C Technologies accounts for approximately 1.6% of Bamco Inc. NY’s investment portfolio, making the stock its 14th biggest holding. Bamco Inc. NY owned 2.70% of SS&C Technologies worth $344,577,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of SSNC. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of SS&C Technologies by 81.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,566 shares of the technology company’s stock worth $104,000 after buying an additional 1,152 shares in the last quarter. YorkBridge Wealth Partners LLC bought a new position in shares of SS&C Technologies during the 4th quarter worth approximately $124,000. American International Group Inc. bought a new position in shares of SS&C Technologies during the 4th quarter worth approximately $164,000. Intrust Bank NA bought a new position in shares of SS&C Technologies during the 1st quarter worth approximately $222,000. Finally, Psagot Investment House Ltd. lifted its position in shares of SS&C Technologies by 661.3% during the 1st quarter. Psagot Investment House Ltd. now owns 4,720 shares of the technology company’s stock worth $253,000 after buying an additional 4,100 shares in the last quarter. 74.12% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:SSNC opened at $49.52 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $11.56 billion, a P/E ratio of 27.66, a P/E/G ratio of 1.58 and a beta of 1.16. SS&C Technologies has a 12 month low of $48.77 and a 12 month high of $49.14.
SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings results on Tuesday, May 1st. The technology company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The company had revenue of $434.60 million during the quarter, compared to the consensus estimate of $433.77 million. SS&C Technologies had a return on equity of 15.43% and a net margin of 19.65%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the firm posted $0.44 EPS. sell-side analysts expect that SS&C Technologies will post 2.27 EPS for the current year.
In other SS&C Technologies news, SVP Paul Gerard Igoe sold 112,000 shares of the business’s stock in a transaction on Friday, May 4th. The shares were sold at an average price of $48.17, for a total transaction of $5,395,040.00. Following the sale, the senior vice president now owns 112,000 shares of the company’s stock, valued at approximately $5,395,040. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jonathan E. Michael bought 12,543 shares of the stock in a transaction on Friday, May 11th. The shares were 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. Insiders own 17.50% of the company’s stock.
Several equities analysts have commented on SSNC shares. Morgan Stanley set a $60.00 target price on shares of SS&C Technologies and gave the stock a “buy” rating in a research report on Friday, April 27th. Zacks Investment Research cut shares of SS&C Technologies from a “buy” rating to a “hold” rating and set a $54.00 target price on the stock. in a research report on Saturday, January 20th. BidaskClub raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 27th. JPMorgan Chase started coverage on shares of SS&C Technologies in a research report on Tuesday, May 1st. They set an “overweight” rating and a $60.00 target price on the stock. Finally, ValuEngine raised shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $54.89.
About SS&C Technologies
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.
Receive News & Ratings for SS&C Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SS&C Technologies and related companies with MarketBeat.com's FREE daily email newsletter.