Alliance Trust Plc Lowers stake in SS&C Technologies Holdings (SSNC)

SS&C Technologies Holdings (SSNC) : Alliance Trust Plc reduced its stake in SS&C Technologies Holdings by 3.47% during the most recent quarter end. The investment management company now holds a total of 2,578,782 shares of SS&C Technologies Holdings which is valued at $79,555,425 after selling 92,600 shares in SS&C Technologies Holdings , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.SS&C Technologies Holdings makes up approximately 3.58% of Alliance Trust Plc’s portfolio.

Other Hedge Funds, Including , Id Management As added SSNC to its portfolio by purchasing 2,800 company shares during the most recent quarter which is valued at $85,484. SS&C Technologies Holdings makes up approx 0.03% of Id Management As’s portfolio.Mazama Capital Management Inc reduced its stake in SSNC by selling 13,240 shares or 94.82% in the most recent quarter. The Hedge Fund company now holds 724 shares of SSNC which is valued at $21,459.

SS&C Technologies Holdings opened for trading at $30.52 and hit $30.59 on the upside on Wednesday, eventually ending the session at $30.49, with a gain of 0.26% or 0.08 points. The heightened volatility saw the trading volume jump to 7,84,712 shares. Company has a market cap of $6,044 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.

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 .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 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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