SS&C Technologies Holdings, Inc. (SSNC) Position Boosted by State Board of Administration of Florida Retirement System

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State Board of Administration of Florida Retirement System lifted its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 261,420 shares of the technology company’s stock after buying an additional 658 shares during the period. State Board of Administration of Florida Retirement System’s holdings in SS&C Technologies were worth $11,793,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. FMR LLC increased its position in SS&C Technologies by 51.7% during the second quarter. FMR LLC now owns 7,779,276 shares of the technology company’s stock worth $403,744,000 after purchasing an additional 2,650,392 shares during the last quarter. Frontier Capital Management Co. LLC increased its position in SS&C Technologies by 37.1% during the fourth quarter. Frontier Capital Management Co. LLC now owns 3,847,958 shares of the technology company’s stock worth $173,581,000 after purchasing an additional 1,042,182 shares during the last quarter. Bank of New York Mellon Corp increased its position in SS&C Technologies by 54.6% during the third quarter. Bank of New York Mellon Corp now owns 2,858,968 shares of the technology company’s stock worth $162,477,000 after purchasing an additional 1,010,118 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in SS&C Technologies by 203.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,051,342 shares of the technology company’s stock worth $58,043,000 after purchasing an additional 705,378 shares during the last quarter. Finally, Legal & General Group Plc increased its position in SS&C Technologies by 183.2% during the third quarter. Legal & General Group Plc now owns 777,930 shares of the technology company’s stock worth $44,210,000 after purchasing an additional 503,199 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Jonathan E. Michael purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, November 20th. The stock was acquired at an average cost of $44.58 per share, with a total value of $445,800.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael Jay Zamkow purchased 22,100 shares of the stock in a transaction that occurred on Thursday, November 15th. The shares were purchased at an average cost of $47.53 per share, with a total value of $1,050,413.00. Following the completion of the acquisition, the director now owns 21,000 shares in the company, valued at approximately $998,130. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 32,198 shares of company stock valued at $1,500,447. Company insiders own 17.50% of the company’s stock.

SS&C Technologies stock opened at $53.74 on Tuesday. SS&C Technologies Holdings, Inc. has a 52-week low of $40.96 and a 52-week high of $60.97. The firm has a market capitalization of $13.28 billion, a PE ratio of 30.02 and a beta of 1.13. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.57.

Several equities analysts recently commented on SSNC shares. UBS Group dropped their price target on shares of SS&C Technologies from $63.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, January 8th. Zacks Investment Research raised shares of SS&C Technologies from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Saturday, January 5th. JPMorgan Chase & Co. set a $70.00 price objective on shares of SS&C Technologies and gave the stock a “buy” rating in a research report on Thursday, November 1st. DA Davidson raised shares of SS&C Technologies from a “neutral” rating to a “buy” rating in a research report on Friday, November 16th. Finally, Rosenblatt Securities started coverage on shares of SS&C Technologies in a research report on Wednesday, December 5th. They issued a “buy” rating and a $64.00 price objective for the company. One investment analyst has rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $64.21.

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SS&C Technologies 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.

See Also: Hedge Funds

Want to see what other hedge funds are holding SSNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SS&C Technologies Holdings, Inc. (NASDAQ:SSNC).

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

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