Schaper Benz & Wise Investment Counsel Inc. WI Has $9.60 Million Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Schaper Benz & Wise Investment Counsel Inc. WI increased its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 4.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 186,125 shares of the technology company’s stock after buying an additional 7,719 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI owned 0.07% of SS&C Technologies worth $9,598,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of SSNC. Cullen Frost Bankers Inc. acquired a new position in SS&C Technologies during the second quarter worth $25,000. Capital Investment Advisory Services LLC increased its holdings in SS&C Technologies by 930.0% during the second quarter. Capital Investment Advisory Services LLC now owns 515 shares of the technology company’s stock worth $30,000 after buying an additional 465 shares during the last quarter. Hudock Capital Group LLC acquired a new position in SS&C Technologies during the second quarter worth $42,000. Machina Capital S.A.S. acquired a new position in SS&C Technologies during the second quarter worth $52,000. Finally, FTB Advisors Inc. acquired a new position in SS&C Technologies during the second quarter worth $52,000. Institutional investors and hedge funds own 80.99% of the company’s stock.

A number of brokerages recently weighed in on SSNC. ValuEngine downgraded shares of SS&C Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Buckingham Research set a $67.00 target price on shares of SS&C Technologies and gave the stock a “buy” rating in a report on Friday, September 6th. Jefferies Financial Group lifted their price objective on shares of SS&C Technologies from $55.00 to $58.00 and gave the stock a “hold” rating in a research report on Monday. Wells Fargo & Co reduced their price objective on shares of SS&C Technologies from $80.00 to $72.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, DA Davidson raised shares of SS&C Technologies from a “neutral” rating to a “buy” rating and set a $62.00 price objective for the company in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $66.21.

SSNC stock traded up $0.67 during midday trading on Friday, reaching $57.84. 1,420,100 shares of the company were exchanged, compared to its average volume of 1,753,344. The business has a 50-day moving average price of $51.34 and a two-hundred day moving average price of $54.07. The firm has a market capitalization of $14.70 billion, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 2.38 and a beta of 1.25. SS&C Technologies Holdings, Inc. has a one year low of $40.96 and a one year high of $67.73. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.08 and a quick ratio of 1.09.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Thursday, October 31st. The technology company reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.04. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. SS&C Technologies had a net margin of 7.83% and a return on equity of 19.25%. SS&C Technologies’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.79 earnings per share. As a group, analysts anticipate that SS&C Technologies Holdings, Inc. will post 3.5 earnings per share for the current fiscal year.

SS&C Technologies Profile

SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services and healthcare industries in the United States, Canada, rest of the Americas, Europe, the Asia Pacific, and Japan. The company's products and services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, including portfolio management and reporting; and back-office functions comprising accounting, transfer agency, compliance, regulatory services, performance measurement, reconciliation, reporting, processing, and clearing.

Further Reading: Quantitative Easing

Institutional Ownership by Quarter for SS&C Technologies (NASDAQ:SSNC)

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