Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Get Rating) by 6.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,586 shares of the technology company’s stock after buying an additional 2,497 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in SS&C Technologies were worth $1,986,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Van ECK Associates Corp lifted its stake in shares of SS&C Technologies by 25.1% in the second quarter. Van ECK Associates Corp now owns 3,940 shares of the technology company’s stock valued at $229,000 after buying an additional 791 shares during the period. Xponance Inc. bought a new position in SS&C Technologies during the second quarter worth about $247,000. Park Avenue Securities LLC lifted its stake in SS&C Technologies by 4.3% during the third quarter. Park Avenue Securities LLC now owns 4,863 shares of the technology company’s stock worth $232,000 after purchasing an additional 202 shares during the period. Westpac Banking Corp lifted its stake in SS&C Technologies by 56.9% during the third quarter. Westpac Banking Corp now owns 29,360 shares of the technology company’s stock worth $1,402,000 after purchasing an additional 10,642 shares during the period. Finally, Amundi lifted its stake in SS&C Technologies by 0.5% during the second quarter. Amundi now owns 597,236 shares of the technology company’s stock worth $34,621,000 after purchasing an additional 3,006 shares during the period. Institutional investors own 83.14% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the stock. Truist Financial cut their price target on shares of SS&C Technologies from $75.00 to $55.00 in a research note on Tuesday, December 6th. Royal Bank of Canada dropped their price objective on shares of SS&C Technologies from $67.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, October 28th. Morgan Stanley dropped their price objective on shares of SS&C Technologies from $65.00 to $55.00 and set an “equal weight” rating for the company in a report on Friday, October 28th. Jefferies Financial Group dropped their price objective on shares of SS&C Technologies from $81.00 to $55.00 in a report on Friday, October 28th. Finally, Needham & Company LLC raised their price objective on shares of SS&C Technologies from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, February 8th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, SS&C Technologies currently has a consensus rating of “Buy” and an average target price of $68.27.
SS&C Technologies Price Performance
SS&C Technologies (NASDAQ:SSNC – Get Rating) last released its earnings results on Tuesday, February 7th. The technology company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.13. SS&C Technologies had a net margin of 12.31% and a return on equity of 18.57%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the previous year, the business earned $1.16 EPS. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.39 earnings per share for the current year.
SS&C Technologies Profile
SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.
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