Jonathan E. Michael Acquires 600 Shares of SS&C Technologies Holdings, Inc. (SSNC) Stock

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SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Director Jonathan E. Michael purchased 600 shares of the business’s stock in a transaction on Monday, November 5th. The shares were bought at an average price of $49.79 per share, for a total transaction of $29,874.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

NASDAQ SSNC traded up $2.68 during mid-day trading on Wednesday, reaching $52.09. 102,793 shares of the stock were exchanged, compared to its average volume of 1,877,602. SS&C Technologies Holdings, Inc. has a 1 year low of $39.15 and a 1 year high of $60.97. The company has a market capitalization of $12.15 billion, a PE ratio of 28.69, a price-to-earnings-growth ratio of 1.50 and a beta of 1.25. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.53 and a current ratio of 1.53.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings results on Wednesday, October 31st. The technology company reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.05. SS&C Technologies had a net margin of 7.61% and a return on equity of 16.18%. The firm had revenue of $992.40 million for the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior year, the firm posted $0.50 earnings per share. The firm’s quarterly revenue was up 137.3% compared to the same quarter last year. On average, equities analysts expect that SS&C Technologies Holdings, Inc. will post 2.52 EPS for the current year.

A number of research analysts have issued reports on SSNC shares. Sandler O’Neill restated a “buy” rating and set a $62.00 price target on shares of SS&C Technologies in a research note on Monday, July 23rd. Zacks Investment Research lowered shares of SS&C Technologies from a “hold” rating to a “sell” rating in a research note on Friday, July 27th. BidaskClub lowered shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 31st. JPMorgan Chase & Co. started coverage on shares of SS&C Technologies in a research note on Wednesday, August 1st. They set an “overweight” rating and a $70.00 price target on the stock. Finally, Needham & Company LLC upped their price objective on shares of SS&C Technologies to $68.00 and gave the company a “buy” rating in a report on Monday, August 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $63.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Schaper Benz & Wise Investment Counsel Inc. WI boosted its holdings in SS&C Technologies by 0.7% during the third quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 162,601 shares of the technology company’s stock worth $9,241,000 after buying an additional 1,100 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its holdings in SS&C Technologies by 0.3% during the second quarter. Public Employees Retirement Association of Colorado now owns 372,413 shares of the technology company’s stock worth $19,328,000 after buying an additional 1,127 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in SS&C Technologies by 15.0% during the third quarter. CIBC Asset Management Inc now owns 9,564 shares of the technology company’s stock worth $544,000 after buying an additional 1,245 shares in the last quarter. Aperio Group LLC boosted its holdings in SS&C Technologies by 4.4% during the second quarter. Aperio Group LLC now owns 31,031 shares of the technology company’s stock worth $1,611,000 after buying an additional 1,320 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. boosted its holdings in SS&C Technologies by 1.0% during the third quarter. NN Investment Partners Holdings N.V. now owns 152,492 shares of the technology company’s stock worth $8,666,000 after buying an additional 1,459 shares in the last quarter. 86.77% of the stock is currently owned by hedge funds and other institutional investors.

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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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