Kornitzer Capital Management Inc. KS Sells 1,810 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Kornitzer Capital Management Inc. KS reduced its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 3.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SSNC. Cullen Frost Bankers Inc. bought a new stake in shares of SS&C Technologies during the 2nd quarter worth $25,000. Capital Investment Advisory Services LLC boosted its holdings in SS&C Technologies by 930.0% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 515 shares of the technology company’s stock valued at $30,000 after purchasing an additional 465 shares during the period. Hudock Capital Group LLC bought a new stake in SS&C Technologies in the 2nd quarter valued at $42,000. Machina Capital S.A.S. bought a new stake in SS&C Technologies in the 2nd quarter valued at $52,000. Finally, FTB Advisors Inc. bought a new stake in SS&C Technologies in the 2nd quarter valued at $52,000. 80.99% of the stock is owned by institutional investors and hedge funds.

Shares of SSNC stock traded up $0.67 during mid-day trading on Friday, reaching $57.84. The company’s stock had a trading volume of 1,420,100 shares, compared to its average volume of 1,753,344. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.09 and a current ratio of 1.08. The company has a market cap of $14.70 billion, a P/E ratio of 22.08, a PEG ratio of 2.38 and a beta of 1.25. SS&C Technologies Holdings, Inc. has a 1-year low of $40.96 and a 1-year high of $67.73. The firm’s 50-day moving average is $51.49 and its two-hundred day moving average is $54.03.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.04. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. SS&C Technologies had a net margin of 7.83% and a return on equity of 19.25%. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.79 EPS. Sell-side analysts anticipate that SS&C Technologies Holdings, Inc. will post 3.5 EPS for the current year.

SSNC has been the subject of a number of research reports. Buckingham Research set a $67.00 price target on shares of SS&C Technologies and gave the company a “buy” rating in a report on Friday, September 6th. Morgan Stanley increased their price target on shares of SS&C Technologies from $57.00 to $59.00 and gave the company an “equal weight” rating in a report on Friday, November 1st. Jefferies Financial Group increased their price target on shares of SS&C Technologies from $55.00 to $58.00 and gave the company a “hold” rating in a report on Monday, November 4th. BidaskClub raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 2nd. Finally, Raymond James set a $65.00 price target on shares of SS&C Technologies and gave the company a “buy” rating in a report on Friday, November 1st. 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 issued a strong buy rating to the company’s stock. SS&C Technologies presently has an average rating of “Buy” and a consensus price target of $66.21.

SS&C Technologies Profile

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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