Investment Management Corp of Ontario Has $1.05 Million Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Investment Management Corp of Ontario grew its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 87.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 13,831 shares of the technology company's stock after purchasing an additional 6,456 shares during the quarter. Investment Management Corp of Ontario's holdings in SS&C Technologies were worth $1,048,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Pallas Capital Advisors LLC raised its position in SS&C Technologies by 51.7% during the fourth quarter. Pallas Capital Advisors LLC now owns 7,476 shares of the technology company's stock valued at $567,000 after buying an additional 2,548 shares during the period. Benson Investment Management Company Inc. acquired a new position in shares of SS&C Technologies in the fourth quarter worth $5,578,000. Park Avenue Securities LLC boosted its position in SS&C Technologies by 385.8% during the fourth quarter. Park Avenue Securities LLC now owns 19,382 shares of the technology company's stock valued at $1,469,000 after purchasing an additional 15,392 shares during the last quarter. Meyer Handelman Co. grew its stake in SS&C Technologies by 13.0% in the fourth quarter. Meyer Handelman Co. now owns 74,680 shares of the technology company's stock valued at $5,659,000 after purchasing an additional 8,588 shares in the last quarter. Finally, Burney Co. increased its position in SS&C Technologies by 5.6% in the 4th quarter. Burney Co. now owns 197,059 shares of the technology company's stock worth $14,933,000 after purchasing an additional 10,374 shares during the last quarter. Institutional investors own 96.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SSNC. Raymond James cut their price target on shares of SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating on the stock in a report on Friday, April 25th. JPMorgan Chase & Co. restated a "neutral" rating and set a $86.00 price target (down from $90.00) on shares of SS&C Technologies in a report on Friday, April 25th. Jefferies Financial Group upgraded shares of SS&C Technologies from a "hold" rating to a "buy" rating and raised their price objective for the stock from $70.00 to $94.00 in a research note on Monday, February 3rd. StockNews.com raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday. Finally, UBS Group upped their target price on SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. One analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $91.86.

SS&C Technologies Trading Up 0.1%

Shares of SSNC traded up $0.09 during trading hours on Friday, reaching $79.60. The stock had a trading volume of 1,558,481 shares, compared to its average volume of 1,306,047. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The firm has a 50-day moving average of $78.44 and a 200 day moving average of $78.79. SS&C Technologies Holdings, Inc. has a 52 week low of $60.01 and a 52 week high of $89.73. The company has a market cap of $19.63 billion, a P/E ratio of 26.53 and a beta of 1.24.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.41 by $0.03. The firm had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.50 billion. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. The business's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.28 earnings per share. On average, sell-side analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

Insider Buying and Selling

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

SS&C Technologies Company 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.