Harbor Spring Capital buys $38.1 Million stake in SS&C Technologies Holdings (SSNC)

SS&C Technologies Holdings (SSNC) : Harbor Spring Capital scooped up 75,000 additional shares in SS&C Technologies Holdings during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 650,000 shares of SS&C Technologies Holdings which is valued at $38.1 Million.SS&C Technologies Holdings makes up approximately 9.29% of Harbor Spring Capital’s portfolio.

Other Hedge Funds, Including , Marshall Wace Llp added SSNC to its portfolio by purchasing 56,034 company shares during the most recent quarter which is valued at $3.3 Million. SS&C Technologies Holdings makes up approx 0.03% of Marshall Wace Llp’s portfolio.Utah Retirement Systems boosted its stake in SSNC in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 14,600 shares of SS&C Technologies Holdings which is valued at $855,560. SS&C Technologies Holdings makes up approx 0.02% of Utah Retirement Systems’s portfolio. Mark Sheptoff Financial Planning added SSNC to its portfolio by purchasing 200 company shares during the most recent quarter which is valued at $23,440. SS&C Technologies Holdings makes up approx 0.02% of Mark Sheptoff Financial Planning’s portfolio.Diam Ltd. boosted its stake in SSNC in the latest quarter, The investment management firm added 35,069 additional shares and now holds a total of 118,075 shares of SS&C Technologies Holdings which is valued at $6.8 Million. SS&C Technologies Holdings makes up approx 0.10% of Diam Ltd.’s portfolio. Harel Insurance Investments Financial Services Ltd. added SSNC to its portfolio by purchasing 104 company shares during the most recent quarter which is valued at $6,017.

SS&C Technologies Holdings opened for trading at $60.87 and hit $61.344 on the upside on Wednesday, eventually ending the session at $60.89, with a gain of 0.23% or 0.14 points. The heightened volatility saw the trading volume jump to 3,83,466 shares. Company has a market cap of $6,035 M.

On the company’s financial health, SS&C Technologies Holdings reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.72. The company had revenue of $324.13 million for the quarter, compared to analysts expectations of $330.10 million. The company’s revenue was up 57.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.

Investors should note that on May 18, 2016, SS&C Technologies Holdings announced a cash dividend of $0.1250. The company’s management has announced May 27, 2016 as the ex-dividend date and fixed the record date on Jun 1, 2016. The payable date has been fixed on Jun 15, 2016.

Many Wall Street Analysts have commented on SS&C Technologies Holdings. RBC Capital Mkts Initiated SS&C Technologies Holdings on May 13, 2016 to “Outperform”, Price Target of the shares are set at $72.SS&C Technologies Holdings was Initiated by Morgan Stanley to “Equal-Weight” on Apr 13, 2016. Morgan Stanley Initiated SS&C Technologies Holdings on Mar 29, 2016 to “Equal-Weight”, Price Target of the shares are set at $68.

SS&C Technologies Holdings Inc. (SS&C Holdings) is a holding company which provides software products and software-enabled services. The Company operates primarily through its subsidiary SS&C Technologies Inc. The Company’s service offerings are classified as portfolio management/accounting; trading/treasury operations; financial modeling; loan management/accounting; property management; money market processing; software-enabled services; professional services and product support. The Company’s software products and software-enabled services automates and integrates front-office functions such as trading and modeling; middle-office functions such as portfolio management and reporting and back-office functions such as accounting performance measurement reconciliation reporting processing and clearing. Its other subsidiaries include Advent Software Inc. and GlobeOp Financial Services S.A. and Prime Management Limited among others.

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