Keybank National Association OH Decreases Stake in SS&C Technologies Holdings, Inc. (SSNC)

Keybank National Association OH lowered its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 6.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,701 shares of the technology company’s stock after selling 644 shares during the period. Keybank National Association OH’s holdings in SS&C Technologies were worth $393,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of SS&C Technologies by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 17,575,740 shares of the technology company’s stock valued at $998,830,000 after buying an additional 176,195 shares during the last quarter. Vanguard Group Inc boosted its stake in shares of SS&C Technologies by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 17,575,740 shares of the technology company’s stock valued at $998,830,000 after buying an additional 176,195 shares during the last quarter. BlackRock Inc. boosted its stake in shares of SS&C Technologies by 2.8% during the 3rd quarter. BlackRock Inc. now owns 11,363,016 shares of the technology company’s stock valued at $645,761,000 after buying an additional 312,983 shares during the last quarter. FMR LLC boosted its stake in shares of SS&C Technologies by 14.9% during the 3rd quarter. FMR LLC now owns 8,940,435 shares of the technology company’s stock valued at $508,086,000 after buying an additional 1,161,159 shares during the last quarter. Finally, Frontier Capital Management Co. LLC boosted its stake in shares of SS&C Technologies by 37.1% during the 4th quarter. Frontier Capital Management Co. LLC now owns 3,847,958 shares of the technology company’s stock valued at $173,581,000 after buying an additional 1,042,182 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company’s stock.

SSNC stock opened at $52.94 on Monday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.57. The company has a market cap of $13.28 billion, a P/E ratio of 29.58 and a beta of 1.13. SS&C Technologies Holdings, Inc. has a 12-month low of $40.96 and a 12-month high of $60.97.

Several research firms have recently commented on SSNC. Buckingham Research began coverage on SS&C Technologies in a research note on Thursday, January 24th. They set a “buy” rating and a $65.00 target price for the company. UBS Group reduced their target price on SS&C Technologies from $63.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, January 8th. Zacks Investment Research upgraded SS&C Technologies from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Saturday, January 5th. Raymond James reduced their target price on SS&C Technologies from $68.00 to $67.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 2nd. Finally, BidaskClub raised SS&C Technologies from a “sell” rating to a “hold” rating in a research report on Friday, December 28th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $64.21.

In other news, Director Michael Jay Zamkow purchased 22,100 shares of the company’s stock in a transaction that occurred on Thursday, November 15th. The shares were acquired at an average cost of $47.53 per share, with a total value of $1,050,413.00. Following the transaction, the director now owns 21,000 shares in the company, valued at approximately $998,130. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jonathan E. Michael purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The shares were purchased at an average cost of $44.58 per share, for a total transaction of $445,800.00. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 32,198 shares of company stock worth $1,500,447. Corporate insiders own 17.50% of the company’s stock.

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SS&C Technologies Profile

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.

Further Reading: Trading Strategy Examples and Plans

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Institutional Ownership by Quarter for SS&C Technologies (NASDAQ:SSNC)

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