Shell Asset Management Co. Increases Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Shell Asset Management Co. increased its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNCGet Rating) by 10.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,446 shares of the technology company’s stock after acquiring an additional 777 shares during the period. Shell Asset Management Co.’s holdings in SS&C Technologies were worth $490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GW&K Investment Management LLC boosted its position in SS&C Technologies by 407.0% in the first quarter. GW&K Investment Management LLC now owns 25,872 shares of the technology company’s stock valued at $1,941,000 after buying an additional 20,769 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of SS&C Technologies by 0.4% in the 1st quarter. Victory Capital Management Inc. now owns 201,308 shares of the technology company’s stock valued at $13,017,000 after acquiring an additional 818 shares during the last quarter. Van ECK Associates Corp increased 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 worth $229,000 after acquiring an additional 791 shares during the period. American Trust raised its holdings in shares of SS&C Technologies by 26.3% during the first quarter. American Trust now owns 3,499 shares of the technology company’s stock worth $262,000 after purchasing an additional 728 shares during the last quarter. Finally, Xponance Inc. acquired a new position in SS&C Technologies during the second quarter valued at $247,000. Institutional investors and hedge funds own 83.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SSNC. StockNews.com began coverage on SS&C Technologies in a research note on Wednesday, October 12th. They set a “buy” rating for the company. Royal Bank of Canada decreased their price target on SS&C Technologies from $67.00 to $65.00 and set an “outperform” rating for the company in a report on Friday, October 28th. DA Davidson cut their target price on shares of SS&C Technologies to $70.00 in a report on Tuesday, November 1st. Citigroup lowered their price target on shares of SS&C Technologies from $86.00 to $75.00 in a report on Tuesday, July 26th. Finally, UBS Group cut their price objective on shares of SS&C Technologies from $85.00 to $77.00 and set a “buy” rating for the company in a report on Thursday, July 28th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $68.36.

SS&C Technologies Stock Performance

NASDAQ SSNC opened at $52.43 on Thursday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.13 and a quick ratio of 1.13. SS&C Technologies Holdings, Inc. has a 1-year low of $45.25 and a 1-year high of $84.85. The company has a market cap of $13.21 billion, a PE ratio of 20.09 and a beta of 1.45. The stock’s 50 day simple moving average is $50.50 and its 200-day simple moving average is $56.81.

SS&C Technologies Profile

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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 include 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 comprising claims adjudication, benefit management, care management, and business intelligence solutions.

See Also

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

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