BNP Paribas Financial Markets Has $25.49 Million Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

BNP Paribas Financial Markets lifted its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 375.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 417,176 shares of the technology company's stock after purchasing an additional 329,458 shares during the period. BNP Paribas Financial Markets owned about 0.17% of SS&C Technologies worth $25,494,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Carret Asset Management LLC increased its stake in SS&C Technologies by 2.5% during the 4th quarter. Carret Asset Management LLC now owns 7,070 shares of the technology company's stock worth $432,000 after buying an additional 175 shares in the last quarter. SkyView Investment Advisors LLC boosted its holdings in shares of SS&C Technologies by 4.0% during the 3rd quarter. SkyView Investment Advisors LLC now owns 4,963 shares of the technology company's stock worth $261,000 after purchasing an additional 192 shares during the last quarter. AlphaMark Advisors LLC boosted its holdings in shares of SS&C Technologies by 2.1% during the 4th quarter. AlphaMark Advisors LLC now owns 9,240 shares of the technology company's stock worth $565,000 after purchasing an additional 194 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of SS&C Technologies by 0.3% during the 4th quarter. Arizona State Retirement System now owns 61,366 shares of the technology company's stock worth $3,750,000 after purchasing an additional 196 shares during the last quarter. Finally, Argent Trust Co lifted its holdings in SS&C Technologies by 1.4% in the third quarter. Argent Trust Co now owns 19,040 shares of the technology company's stock valued at $1,000,000 after acquiring an additional 256 shares during the last quarter. Hedge funds and other institutional investors own 96.95% of the company's stock.

Analyst Ratings Changes

SSNC has been the topic of a number of recent analyst reports. Jefferies Financial Group upped their price objective on SS&C Technologies from $54.00 to $61.00 and gave the company a "hold" rating in a report on Monday, April 29th. Needham & Company LLC upped their price target on SS&C Technologies from $70.00 to $74.00 and gave the stock a "buy" rating in a research note on Friday, April 26th. Royal Bank of Canada upped their price target on SS&C Technologies from $65.00 to $72.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 14th. StockNews.com raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday, January 29th. Finally, Citigroup increased their target price on SS&C Technologies from $70.00 to $71.00 and gave the company a "buy" rating in a report on Thursday, February 15th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, SS&C Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $70.20.

SS&C Technologies Stock Performance

NASDAQ SSNC traded up $0.14 during trading hours on Tuesday, hitting $63.20. The company had a trading volume of 1,402,480 shares, compared to its average volume of 969,743. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.14 and a current ratio of 1.14. SS&C Technologies Holdings, Inc. has a 1-year low of $46.61 and a 1-year high of $65.86. The company has a market cap of $15.63 billion, a PE ratio of 25.10 and a beta of 1.42. The business has a 50 day moving average of $62.43 and a 200-day moving average of $60.15.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its earnings results on Tuesday, February 13th. The technology company reported $1.13 earnings per share for the quarter, hitting the consensus estimate of $1.13. SS&C Technologies had a net margin of 11.46% and a return on equity of 17.10%. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.39 billion. As a group, equities research analysts expect that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current year.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, Director Michael Jay Zamkow sold 5,000 shares of SS&C Technologies stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $63.14, for a total value of $315,700.00. Following the completion of the sale, the director now owns 38,000 shares in the company, valued at approximately $2,399,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 15.40% of the company's stock.

About SS&C Technologies

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.