Prana Capital Management LP Has $14.18 Million Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Prana Capital Management LP grew its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 74.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 187,173 shares of the technology company's stock after acquiring an additional 79,757 shares during the quarter. Prana Capital Management LP owned about 0.08% of SS&C Technologies worth $14,184,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Progeny 3 Inc. increased its position in shares of SS&C Technologies by 26.6% during the fourth quarter. Progeny 3 Inc. now owns 989,200 shares of the technology company's stock worth $74,962,000 after purchasing an additional 207,600 shares in the last quarter. Quantinno Capital Management LP increased its position in SS&C Technologies by 39.1% during the fourth quarter. Quantinno Capital Management LP now owns 108,206 shares of the technology company's stock worth $8,200,000 after buying an additional 30,433 shares during the period. Man Group plc lifted its stake in SS&C Technologies by 125.0% in the fourth quarter. Man Group plc now owns 305,392 shares of the technology company's stock valued at $23,143,000 after buying an additional 169,668 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in SS&C Technologies in the fourth quarter valued at approximately $6,051,000. Finally, Investment Management Corp of Ontario boosted its holdings in shares of SS&C Technologies by 87.5% in the fourth quarter. Investment Management Corp of Ontario now owns 13,831 shares of the technology company's stock valued at $1,048,000 after acquiring an additional 6,456 shares during the period. Hedge funds and other institutional investors own 96.95% of the company's stock.

SS&C Technologies Stock Performance

SS&C Technologies stock traded up $0.32 during mid-day trading on Tuesday, reaching $80.38. The company's stock had a trading volume of 595,502 shares, compared to its average volume of 1,538,620. The firm has a market cap of $19.83 billion, a price-to-earnings ratio of 26.80 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a twelve month low of $60.01 and a twelve month high of $89.73. The business has a 50 day moving average price of $78.37 and a 200-day moving average price of $79.04. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced 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. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the firm posted $1.28 EPS. The firm's quarterly revenue was up 5.5% on a year-over-year basis. Sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. DA Davidson dropped their price objective on shares of SS&C Technologies from $100.00 to $94.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $86.00 target price (down previously from $90.00) on shares of SS&C Technologies in a report on Friday, April 25th. Raymond James reduced their target price on 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 upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday. Finally, Royal Bank of Canada boosted their price objective on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. One investment 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $91.86.

Insiders Place Their Bets

In related news, 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 transaction of $2,032,970.00. Following the completion of the sale, the director now directly owns 23,200 shares in the company, valued at approximately $2,050,648. This trade represents a 49.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan E. Michael acquired 2,700 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was acquired at an average price of $75.53 per share, with a total value of $203,931.00. Following the completion of the acquisition, the director now directly owns 72,776 shares of the company's stock, valued at $5,496,771.28. This represents a 3.85% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 16.40% of the company's stock.

About SS&C Technologies

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.