Bradley Foster & Sargent Inc. CT grew its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 226.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 305,774 shares of the technology company’s stock after buying an additional 212,148 shares during the quarter. Bradley Foster & Sargent Inc. CT owned 0.12% of SS&C Technologies worth $13,793,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. bought a new position in shares of SS&C Technologies in the fourth quarter valued at approximately $36,000. CWM LLC lifted its position in SS&C Technologies by 115.6% during the fourth quarter. CWM LLC now owns 873 shares of the technology company’s stock valued at $39,000 after purchasing an additional 468 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in SS&C Technologies during the fourth quarter valued at approximately $49,000. Csenge Advisory Group bought a new stake in SS&C Technologies during the third quarter valued at approximately $81,000. Finally, Virtu Financial LLC bought a new stake in SS&C Technologies during the fourth quarter valued at approximately $212,000. Institutional investors and hedge funds own 80.95% of the company’s stock.
In other SS&C Technologies news, Director Jonathan E. Michael purchased 10,000 shares of SS&C Technologies stock in a transaction dated Tuesday, November 20th. The stock was purchased at an average price of $44.58 per share, with a total value of $445,800.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have bought a total of 10,098 shares of company stock valued at $450,034 in the last ninety days. Insiders own 17.50% of the company’s stock.
SSNC has been the topic of several analyst reports. JPMorgan Chase & Co. set a $70.00 target price on shares of SS&C Technologies and gave the stock a “buy” rating in a research note on Thursday, November 1st. BidaskClub downgraded shares of SS&C Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, November 7th. Zacks Investment Research cut shares of SS&C Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 2nd. UBS Group cut their price target on shares of SS&C Technologies from $63.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, January 8th. Finally, DA Davidson upgraded shares of SS&C Technologies from a “neutral” rating to a “buy” rating in a report on Friday, November 16th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $64.21.
Shares of NASDAQ:SSNC opened at $55.44 on Thursday. SS&C Technologies Holdings, Inc. has a fifty-two week low of $40.96 and a fifty-two week high of $60.97. The stock has a market capitalization of $13.28 billion, a price-to-earnings ratio of 30.97 and a beta of 1.13. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.57.
About SS&C Technologies
SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services providers. Its 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, performance measurement, reconciliation, reporting, processing, and clearing.
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