Bamco Inc Ny Lowers stake in SS&C Technologies Holdings (SSNC)

SS&C Technologies Holdings (SSNC) : Bamco Inc Ny reduced its stake in SS&C Technologies Holdings by 1.83% during the most recent quarter end. The investment management company now holds a total of 9,535,346 shares of SS&C Technologies Holdings which is valued at $304,940,365 after selling 178,166 shares in SS&C Technologies Holdings , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.SS&C Technologies Holdings makes up approximately 1.48% of Bamco Inc Ny’s portfolio.

Other Hedge Funds, Including , Walleye Trading boosted its stake in SSNC in the latest quarter, The investment management firm added 30,259 additional shares and now holds a total of 30,723 shares of SS&C Technologies Holdings which is valued at $982,522. SS&C Technologies Holdings makes up approx 0.07% of Walleye Trading’s portfolio.Castleark Management reduced its stake in SSNC by selling 347,952 shares or 84.64% in the most recent quarter. The Hedge Fund company now holds 63,146 shares of SSNC which is valued at $2,019,409. SS&C Technologies Holdings makes up approx 0.06% of Castleark Management’s portfolio.Gilder Gagnon Howe Co boosted its stake in SSNC in the latest quarter, The investment management firm added 28,266 additional shares and now holds a total of 755,322 shares of SS&C Technologies Holdings which is valued at $23,618,919. SS&C Technologies Holdings makes up approx 0.44% of Gilder Gagnon Howe Co’s portfolio. Tocqueville Asset Management sold out all of its stake in SSNC during the most recent quarter. The investment firm sold 7,000 shares of SSNC which is valued $225,540.

SS&C Technologies Holdings opened for trading at $33.74 and hit $34.06 on the upside on Wednesday, eventually ending the session at $34.055, with a gain of 0.78% or 0.265 points. The heightened volatility saw the trading volume jump to 838,745 shares. Company has a market cap of $6,850 M.

On the company’s financial health, SS&C Technologies Holdings reported $0.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.38. The company had revenue of $384.40 million for the quarter, compared to analysts expectations of $374.76 million. The company’s revenue was up 80.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.

Many Wall Street Analysts have commented on SS&C Technologies Holdings. Shares were Reiterated by Deutsche Bank on Jul 11, 2016 to “Hold” and Lowered the Price Target to $ 32 from a previous price target of $63 .

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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