SS&C Technologies Holdings, Inc. (SSNC) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. decreased its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 6.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 44,829 shares of the technology company’s stock after selling 3,246 shares during the period. Bessemer Group Inc.’s holdings in SS&C Technologies Holdings were worth $1,800,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Comerica Bank grew its holdings in shares of SS&C Technologies Holdings by 1.3% in the 2nd quarter. Comerica Bank now owns 8,151 shares of the technology company’s stock valued at $323,000 after buying an additional 108 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in shares of SS&C Technologies Holdings by 1.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 16,817 shares of the technology company’s stock valued at $646,000 after buying an additional 172 shares during the period. World Asset Management Inc grew its holdings in shares of SS&C Technologies Holdings by 2.4% in the 2nd quarter. World Asset Management Inc now owns 7,668 shares of the technology company’s stock valued at $295,000 after buying an additional 177 shares during the period. Advisor Group Inc. grew its holdings in shares of SS&C Technologies Holdings by 14.3% in the 2nd quarter. Advisor Group Inc. now owns 2,780 shares of the technology company’s stock valued at $106,000 after buying an additional 348 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in shares of SS&C Technologies Holdings by 3.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 13,049 shares of the technology company’s stock valued at $501,000 after buying an additional 389 shares during the period. 87.91% of the stock is owned by institutional investors.

SS&C Technologies Holdings, Inc. (NASDAQ SSNC) opened at $39.81 on Tuesday. The firm has a market cap of $8,205.61, a price-to-earnings ratio of 22.78, a P/E/G ratio of 1.52 and a beta of 1.09. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.96 and a quick ratio of 0.96. SS&C Technologies Holdings, Inc. has a one year low of $28.43 and a one year high of $42.48.

SS&C Technologies Holdings (NASDAQ:SSNC) last issued its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. SS&C Technologies Holdings had a net margin of 13.47% and a return on equity of 15.32%. The firm had revenue of $419.60 million for the quarter, compared to analysts’ expectations of $424.14 million. During the same period in the previous year, the firm posted $0.42 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. analysts predict that SS&C Technologies Holdings, Inc. will post 1.78 earnings per share for the current year.

In other SS&C Technologies Holdings news, CFO Patrick J. Pedonti sold 30,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $40.38, for a total transaction of $1,211,400.00. Following the sale, the chief financial officer now directly owns 30,000 shares of the company’s stock, valued at approximately $1,211,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Patrick J. Pedonti sold 20,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $39.65, for a total transaction of $793,000.00. Following the sale, the chief financial officer now directly owns 20,000 shares in the company, valued at $793,000. The disclosure for this sale can be found here. Insiders have sold a total of 80,000 shares of company stock worth $3,161,200 over the last three months. Insiders own 17.60% of the company’s stock.

SSNC has been the subject of several research analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $44.00 price target (up previously from $42.00) on shares of SS&C Technologies Holdings in a report on Sunday, July 30th. Zacks Investment Research raised shares of SS&C Technologies Holdings from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Wednesday, August 2nd. BidaskClub lowered shares of SS&C Technologies Holdings from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $41.00 target price on shares of SS&C Technologies Holdings in a research note on Wednesday, August 9th. Finally, DA Davidson started coverage on shares of SS&C Technologies Holdings in a research note on Thursday, September 14th. They issued a “buy” rating and a $43.00 target price for the company. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $42.11.

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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.

Institutional Ownership by Quarter for SS&C Technologies Holdings (NASDAQ:SSNC)

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