Pathstone Holdings LLC Has $9.48 Million Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Pathstone Holdings LLC lifted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 1.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 127,764 shares of the technology company’s stock after purchasing an additional 2,074 shares during the period. Pathstone Holdings LLC’s holdings in SS&C Technologies were worth $9,481,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Assenagon Asset Management S.A. lifted its holdings in shares of SS&C Technologies by 2,178.2% during the second quarter. Assenagon Asset Management S.A. now owns 104,797 shares of the technology company’s stock worth $6,568,000 after purchasing an additional 100,197 shares during the period. National Pension Service lifted its holdings in SS&C Technologies by 5.4% in the third quarter. National Pension Service now owns 530,166 shares of the technology company’s stock valued at $39,344,000 after buying an additional 27,336 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in SS&C Technologies in the second quarter valued at $1,661,000. Jackson Square Capital LLC acquired a new position in SS&C Technologies in the third quarter valued at $1,612,000. Finally, Burgundy Asset Management Ltd. lifted its holdings in SS&C Technologies by 4.3% in the second quarter. Burgundy Asset Management Ltd. now owns 4,942,374 shares of the technology company’s stock valued at $309,739,000 after buying an additional 201,632 shares during the period. Institutional investors and hedge funds own 96.95% of the company’s stock.

Insider Transactions at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 19,000 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $75.97, for a total transaction of $1,443,430.00. Following the transaction, the director now directly owns 22,576 shares in the company, valued at approximately $1,715,098.72. The trade was a 45.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Normand A. Boulanger sold 130,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $75.38, for a total transaction of $9,799,400.00. Following the completion of the transaction, the director now owns 333,576 shares in the company, valued at approximately $25,144,958.88. The trade was a 28.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SSNC shares. StockNews.com lowered shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. Needham & Company LLC restated a “buy” rating and issued a $90.00 target price on shares of SS&C Technologies in a report on Friday, October 25th. Raymond James boosted their target price on shares of SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. DA Davidson reaffirmed a “buy” rating and issued a $92.00 price target on shares of SS&C Technologies in a research note on Thursday, October 10th. Finally, Royal Bank of Canada lifted their price target on shares of SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.75.

SS&C Technologies Trading Up 2.5 %

NASDAQ:SSNC opened at $75.29 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a 50-day moving average of $74.05 and a 200-day moving average of $69.20. The company has a market cap of $18.65 billion, a PE ratio of 26.99 and a beta of 1.39. SS&C Technologies Holdings, Inc. has a one year low of $55.20 and a one year high of $77.02.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.26 by $0.03. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.33%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.04 earnings per share. As a group, equities research analysts expect that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current fiscal year.

SS&C Technologies announced that its Board of Directors has approved a share buyback plan on Thursday, July 25th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to purchase up to 5.4% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

SS&C Technologies Profile

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.