GW&K Investment Management LLC Has $36.29 Million Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

GW&K Investment Management LLC grew its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 13.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 703,709 shares of the technology company’s stock after buying an additional 81,664 shares during the quarter. GW&K Investment Management LLC owned 0.28% of SS&C Technologies worth $36,291,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Rikoon Group LLC acquired a new position in SS&C Technologies during the 3rd quarter worth approximately $226,000. Eagle Asset Management Inc. increased its position in SS&C Technologies by 15.2% during the 3rd quarter. Eagle Asset Management Inc. now owns 13,172 shares of the technology company’s stock worth $679,000 after purchasing an additional 1,737 shares in the last quarter. Alps Advisors Inc. increased its position in SS&C Technologies by 8.2% during the 3rd quarter. Alps Advisors Inc. now owns 13,242 shares of the technology company’s stock worth $683,000 after purchasing an additional 1,004 shares in the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI increased its position in SS&C Technologies by 4.3% during the 3rd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 186,125 shares of the technology company’s stock worth $9,598,000 after purchasing an additional 7,719 shares in the last quarter. Finally, Thompson Investment Management Inc. increased its position in SS&C Technologies by 58.3% during the 3rd quarter. Thompson Investment Management Inc. now owns 11,400 shares of the technology company’s stock worth $588,000 after purchasing an additional 4,200 shares in the last quarter. Institutional investors own 80.99% of the company’s stock.

A number of research firms recently issued reports on SSNC. UBS Group lowered their price objective on shares of SS&C Technologies from $80.00 to $72.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Jefferies Financial Group boosted their target price on shares of SS&C Technologies from $55.00 to $58.00 and gave the stock a “hold” rating in a report on Monday, November 4th. ValuEngine lowered shares of SS&C Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Buckingham Research set a $67.00 target price on shares of SS&C Technologies and gave the stock a “buy” rating in a report on Friday, September 6th. Finally, DA Davidson raised shares of SS&C Technologies from a “neutral” rating to a “buy” rating and set a $62.00 target price on the stock in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. SS&C Technologies has a consensus rating of “Buy” and a consensus price target of $66.21.

Shares of NASDAQ:SSNC traded up $0.67 during trading on Friday, reaching $57.84. The stock had a trading volume of 1,420,100 shares, compared to its average volume of 1,753,344. The firm’s fifty day moving average is $51.49 and its 200 day moving average is $54.03. The stock has a market cap of $14.70 billion, a price-to-earnings ratio of 22.08, a P/E/G ratio of 2.38 and a beta of 1.25. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.09 and a current ratio of 1.08. SS&C Technologies Holdings, Inc. has a 52 week low of $40.96 and a 52 week high of $67.73.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Thursday, October 31st. The technology company reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.04. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. SS&C Technologies had a net margin of 7.83% and a return on equity of 19.25%. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.79 earnings per share. On average, research analysts forecast that SS&C Technologies Holdings, Inc. will post 3.5 earnings per share for the current fiscal year.

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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