Criterion Capital Management Exits Position in SS&C Technologies Holdings (SSNC)

SS&C Technologies Holdings (SSNC) : Criterion Capital Management has sold out all of its stake in SS&C Technologies Holdings during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 936,958 shares of SS&C Technologies Holdings which is valued at $29,963,917.

Other Hedge Funds, Including , Susquehanna International Group Llp boosted its stake in SSNC in the latest quarter, The investment management firm added 55,763 additional shares and now holds a total of 62,223 shares of SS&C Technologies Holdings which is valued at $1,989,892. SS&C Technologies Holdings makes up approx 0.01% of Susquehanna International Group Llp’s portfolio.California Public Employees Retirement System reduced its stake in SSNC by selling 27,800 shares or 3.53% in the most recent quarter. The Hedge Fund company now holds 759,800 shares of SSNC which is valued at $23,758,946. SS&C Technologies Holdings makes up approx 0.04% of California Public Employees Retirement System’s portfolio. Brighton Jones sold out all of its stake in SSNC during the most recent quarter. The investment firm sold 19,098 shares of SSNC which is valued $597,194. Advisory Services Network added SSNC to its portfolio by purchasing 80 company shares during the most recent quarter which is valued at $2,507.

SS&C Technologies Holdings opened for trading at $33.03 and hit $33.57 on the upside on Thursday, eventually ending the session at $33.37, with a gain of 1.27% or 0.42 points. The heightened volatility saw the trading volume jump to 13,87,860 shares. Company has a market cap of $6,712 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.

Leave a Reply

SS&C Technologies Holdings - Is it time to Sell?

Top Brokerage Firms are advising their investors on SS&C Technologies Holdings. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.