SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lowered its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 3.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 59,445 shares of the technology company’s stock after selling 1,810 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in SS&C Technologies were worth $3,066,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of SS&C Technologies by 12.0% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 30,937 shares of the technology company’s stock worth $1,782,000 after purchasing an additional 3,327 shares during the last quarter. Toronto Dominion Bank increased its position in shares of SS&C Technologies by 17.7% in the 2nd quarter. Toronto Dominion Bank now owns 47,799 shares of the technology company’s stock worth $2,677,000 after purchasing an additional 7,180 shares during the last quarter. Foresters Investment Management Company Inc. increased its position in shares of SS&C Technologies by 0.3% in the 2nd quarter. Foresters Investment Management Company Inc. now owns 264,600 shares of the technology company’s stock worth $15,244,000 after purchasing an additional 750 shares during the last quarter. First Hawaiian Bank increased its position in shares of SS&C Technologies by 15.5% in the 3rd quarter. First Hawaiian Bank now owns 23,040 shares of the technology company’s stock worth $1,188,000 after purchasing an additional 3,093 shares during the last quarter. Finally, TD Asset Management Inc. increased its position in shares of SS&C Technologies by 3.1% in the 2nd quarter. TD Asset Management Inc. now owns 180,378 shares of the technology company’s stock worth $10,392,000 after purchasing an additional 5,346 shares during the last quarter. 80.99% of the stock is owned by institutional investors.

Shares of NASDAQ:SSNC traded up $0.67 during trading on Friday, reaching $57.84. 1,420,100 shares of the company’s stock traded hands, compared to its average volume of 1,753,344. SS&C Technologies Holdings, Inc. has a 12 month low of $40.96 and a 12 month high of $67.73. The stock has a market capitalization of $14.70 billion, a P/E ratio of 22.08, a price-to-earnings-growth ratio of 2.38 and a beta of 1.25. The company has a 50 day moving average of $51.49 and a 200-day moving average of $54.03. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.08 and a quick ratio of 1.09.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Thursday, October 31st. The technology company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.89 by $0.04. SS&C Technologies had a net margin of 7.83% and a return on equity of 19.25%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the business earned $0.79 earnings per share. The business’s quarterly revenue was up 14.7% on a year-over-year basis. Equities research analysts predict that SS&C Technologies Holdings, Inc. will post 3.5 earnings per share for the current fiscal year.

SSNC has been the subject of a number of recent research reports. Zacks Investment Research raised shares of SS&C Technologies from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Thursday. Jefferies Financial Group boosted their price objective on shares of SS&C Technologies from $55.00 to $58.00 and gave the company a “hold” rating in a research report on Monday, November 4th. DA Davidson raised shares of SS&C Technologies from a “neutral” rating to a “buy” rating and set a $62.00 price objective for the company in a research report on Friday, October 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $65.00 price objective on shares of SS&C Technologies in a research report on Friday, November 1st. Finally, UBS Group lowered their price objective on shares of SS&C Technologies from $80.00 to $72.00 and set a “buy” rating for the company in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $66.21.

About SS&C Technologies

SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services and healthcare industries in the United States, Canada, rest of the Americas, Europe, the Asia Pacific, and Japan. The company's 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, transfer agency, compliance, regulatory services, performance measurement, reconciliation, reporting, processing, and clearing.

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

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