Msd Partners Lowers stake in SS&C Technologies Holdings (SSNC)

SS&C Technologies Holdings (SSNC) : Msd Partners reduced its stake in SS&C Technologies Holdings by 2.72% during the most recent quarter end. The investment management company now holds a total of 7,304,560 shares of SS&C Technologies Holdings which is valued at $233,599,829 after selling 204,000 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 11.37% of Msd Partners’s portfolio.

Other Hedge Funds, Including , Southpoint Capital Advisors Lp boosted its stake in SSNC in the latest quarter, The investment management firm added 200,000 additional shares and now holds a total of 3,400,000 shares of SS&C Technologies Holdings which is valued at $108,732,000. SS&C Technologies Holdings makes up approx 5.02% of Southpoint Capital Advisors Lp’s portfolio.Seven Eight Capital boosted its stake in SSNC in the latest quarter, The investment management firm added 15,300 additional shares and now holds a total of 22,900 shares of SS&C Technologies Holdings which is valued at $732,342. SS&C Technologies Holdings makes up approx 0.24% of Seven Eight Capital’s portfolio.State Of Wisconsin Investment Board reduced its stake in SSNC by selling 3,820 shares or 3.37% in the most recent quarter. The Hedge Fund company now holds 109,580 shares of SSNC which is valued at $3,504,368. SS&C Technologies Holdings makes up approx 0.01% of State Of Wisconsin Investment Board’s portfolio.Engineers Gate Manager Lp boosted its stake in SSNC in the latest quarter, The investment management firm added 27,648 additional shares and now holds a total of 41,900 shares of SS&C Technologies Holdings which is valued at $1,339,962. SS&C Technologies Holdings makes up approx 0.09% of Engineers Gate Manager Lp’s portfolio.Swiss National Bank boosted its stake in SSNC in the latest quarter, The investment management firm added 4,600 additional shares and now holds a total of 295,510 shares of SS&C Technologies Holdings which is valued at $9,240,598. SS&C Technologies Holdings makes up approx 0.01% of Swiss National Bank’s portfolio.

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.

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