SS&C Technologies (NASDAQ:SSNC).
Great Lakes Advisors, LLC sold 9,851 shares in quarter ending 09/30/2017 decreasing its exposure to SS&C Technologies by 3.8%. Its position was worth $10,055,000 an increase of $57,000 as of quarter end.
The following firms have recently changed their position in SSNC. Raymond James & Associates expanded its investment by buying 12,604 shares an increase of 26.2% in the quarter. Raymond James & Associates owns 60,641 shares worth $2,435,000. The value of the position overall is up by 32.0%. Compton Capital Management Inc /RI reduced its stake by shedding 2,200 shares a decrease of 8.9% from 06/30/2017 to 09/30/2017. Compton Capital Management Inc /RI controls 22,410 shares valued at $900,000. The total value of its holdings decreased 4.8%.
First Mercantile Trust Co augmented its holdings by buying 1,605 shares an increase of 43.7% as of 09/30/2017. First Mercantile Trust Co now controls 5,281 shares with a value of $212,000. The value of the position overall is up by 50.4%.
On October 27, 2017 Needham & Company LLC reiterated a “Buy” rating on the stock. Morgan Stanley raised the price target of the stock on October 26 boosting the projection from $42.00 to $44.00 and issued a “Overweight” rating.
On October 26 DA Davidson kept the stock rating at “Buy” targeting a price of $44.00. October 3 investment analysts at Jefferies Group LLC kept a “Buy” rating on the company.
DA Davidson released research on SSNC giving it an initial rating of “Buy”. August 9 investment analysts at Royal Bank Of Canada held the company rating at “Buy” projecting a price of $41.00.
The company is now down since yesterday’s close of 39.77. SS&C Technologies’s P/E ratio is 37.85 and the market value is 8.18B. As of the latest earnings report the EPS was $1.05 with 205.86M shares now outstanding.
Traders are a little more bullish on SS&C Technologies of late considering the decrease in short interest. The company recorded a fall in short interest from September 29, 2017 to October 13, 2017 of -5.97%. Short shares fell 339,493 over that period. The short-interest ratio decreased to 7.0 and the percentage of shorted shares is 0.03% as of October 13.