Rikoon Group LLC Invests $226,000 in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Rikoon Group LLC acquired a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,390 shares of the technology company’s stock, valued at approximately $226,000.

Several other hedge funds and other institutional investors have also modified their holdings of SSNC. Cullen Frost Bankers Inc. acquired a new stake in SS&C Technologies in the second quarter worth approximately $25,000. Capital Investment Advisory Services LLC lifted its position in SS&C Technologies by 930.0% in the second quarter. Capital Investment Advisory Services LLC now owns 515 shares of the technology company’s stock worth $30,000 after purchasing an additional 465 shares during the period. Hudock Capital Group LLC acquired a new stake in SS&C Technologies in the second quarter worth approximately $42,000. Machina Capital S.A.S. acquired a new stake in SS&C Technologies in the second quarter worth approximately $52,000. Finally, FTB Advisors Inc. acquired a new stake in SS&C Technologies in the second quarter worth approximately $52,000. Institutional investors and hedge funds own 80.99% of the company’s stock.

NASDAQ:SSNC traded up $0.67 during trading hours on Friday, hitting $57.84. 1,420,100 shares of the stock traded hands, compared to its average volume of 1,753,344. The company has a current ratio of 1.08, a quick ratio of 1.09 and a debt-to-equity ratio of 1.64. SS&C Technologies Holdings, Inc. has a fifty-two week low of $40.96 and a fifty-two week high of $67.73. The firm has a 50 day moving average price of $51.49 and a 200 day moving average price of $54.03. The firm has a market cap of $14.70 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 2.38 and a beta of 1.25.

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

A number of research firms have weighed in on SSNC. Raymond James set a $65.00 target price on SS&C Technologies and gave the stock a “buy” rating in a research report on Friday, November 1st. Royal Bank of Canada set a $70.00 price objective on SS&C Technologies and gave the company a “buy” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. set a $69.00 price objective on SS&C Technologies and gave the company a “buy” rating in a research report on Friday, November 1st. DA Davidson upgraded SS&C Technologies from a “neutral” rating to a “buy” rating and set a $62.00 price objective for the company in a research report on Friday, October 18th. Finally, Credit Suisse Group cut their price objective on SS&C Technologies from $75.00 to $65.00 and set an “outperform” rating for the company in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, two have assigned 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 has an average rating of “Buy” and a consensus price target of $66.21.

SS&C Technologies Company 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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