Man Group plc Buys 169,668 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Man Group plc boosted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 125.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 305,392 shares of the technology company’s stock after purchasing an additional 169,668 shares during the period. Man Group plc owned approximately 0.12% of SS&C Technologies worth $23,143,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SSNC. Steward Partners Investment Advisory LLC lifted its stake in shares of SS&C Technologies by 16.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the technology company’s stock worth $67,000 after purchasing an additional 123 shares during the period. EP Wealth Advisors LLC raised its position in SS&C Technologies by 2.0% in the fourth quarter. EP Wealth Advisors LLC now owns 7,003 shares of the technology company’s stock worth $531,000 after acquiring an additional 139 shares during the period. Global Retirement Partners LLC raised its position in SS&C Technologies by 11.8% in the fourth quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company’s stock worth $107,000 after acquiring an additional 149 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of SS&C Technologies by 15.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,163 shares of the technology company’s stock worth $88,000 after acquiring an additional 158 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in shares of SS&C Technologies by 5.3% during the 4th quarter. Wellington Management Group LLP now owns 3,193 shares of the technology company’s stock valued at $242,000 after acquiring an additional 161 shares during the period. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Jason Douglas White sold 71,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the completion of the sale, the senior vice president now owns 6,412 shares of the company’s stock, valued at $570,411.52. The trade was a 91.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Jay Zamkow sold 23,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total value of $2,032,970.00. Following the sale, the director now owns 23,200 shares of the company’s stock, valued at approximately $2,050,648. This trade represents a 49.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,500 shares of company stock valued at $9,348,130 in the last quarter. 16.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SSNC. Needham & Company LLC decreased their price objective on SS&C Technologies from $105.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Raymond James decreased their target price on shares of SS&C Technologies from $95.00 to $90.00 and set a “strong-buy” rating on the stock in a research note on Friday, April 25th. StockNews.com raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Friday. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $86.00 price objective (down from $90.00) on shares of SS&C Technologies in a research note on Friday, April 25th. Finally, UBS Group upped their target price on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $91.86.

SS&C Technologies Stock Up 0.3%

SS&C Technologies stock opened at $79.51 on Friday. SS&C Technologies Holdings, Inc. has a 1-year low of $60.01 and a 1-year high of $89.73. The business has a fifty day moving average price of $78.44 and a 200-day moving average price of $78.79. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $19.61 billion, a price-to-earnings ratio of 26.50 and a beta of 1.24.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.03. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company posted $1.28 earnings per share. Equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal 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.