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Cannon Global Investment Management LLC purchases 5,000 SS&C Technologies Holdings, Inc. shares (NASDAQ:SSNC)

According to the most recent Form 13F filing that Cannon Global Investment Management LLC had with the SEC, the company increased its holdings in SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) during the third quarter of this year. To purchase 5,000 shares in the technology company, the institutional investor shelled out a little more than $239,000 in total investment capital. In the investment portfolio that Cannon Global Investment Management LLC manages, SS&C Technologies is the 27th largest holding, accounting for about 0.4% of the total. This places it in the top 30 holdings overall.

In recent months, several additional large investors have changed the interests they already hold in the company, and various investors have made these changes. During the second quarter, Dark Forest Capital Management LP began a new investment in SS&C Technologies by purchasing a stake in the company for a total investment of $26,000. During the third quarter of the current fiscal year, Benjamin Edwards Inc. increased the percentage of SS&C Technologies stock owned by 49.2 percent. Benjamin Edwards Inc. now has 813 shares of the technology company’s stock after purchasing an additional 268 shares during the most recent quarter. The market value of these shares is $39,000, and Benjamin Edwards Inc. has 813 shares. Tobam invested $40,000 in SS&C Technologies during the second quarter as part of its business strategy. $44,000 was invested in SS&C Technologies by Venture Visionary Partners LLC during the second quarter of the year. Wipfli Financial Advisors LLC spent $45,000 on acquiring SS&C Technologies stock during the third quarter of the fiscal year. This is the final and most significant point to consider. To the tune of 83.14 percent, the shares of stock are owned by hedge funds and various other institutional investors.

The price of NASDAQ SSNC increased by $0.42 during the middle of the trading day on Wednesday, reaching a level of 57.09 dollars. The total number of shares traded by the company was 5,185, significantly less than the daily volume of 1,129,273. A debt-to-equity ratio comes in at 1.24, a quick ratio at 1.13, and a current ratio at 1.13. Over the previous year, SS&C Technologies Holdings Inc.’s share price ranged from a low of $45.25 up to a high of $83.33 at its highest point. The stock’s simple moving average over the past 50 days is $52.38, and its simple moving average over the past 200 days is $54.13, respectively. The company’s market capitalization is $14.38 billion, and its price-to-earnings ratio stands at 21.71, while its beta value is 1.42.

SS&C Technologies (NASDAQ: SSNC) published the quarterly results report that it had been working on Thursday, October 27th. It was determined that the IT business had quarterly earnings per share of $1.13, which was $0.09 higher than the consensus projection of $1.04 per share. The return on equity for SS&C Technologies came in at 19.05%, while the net margin for the company was 13.24%. Nevertheless, despite analysts’ predictions that the company would bring in $1.35 billion in revenue during the quarter, it only managed to bring in $1.32 billion in total during the period in question. During the current financial year, SS&C Technologies Holdings, Inc. is anticipated to generate earnings of $4.25 per share, as indicated by the estimates provided by analysts.

In addition, the company announced a quarterly dividend, and on December 15th, that dividend was paid out to shareholders. On December 1st, stockholders of record were eligible to receive a dividend payment of twenty cents per share. This equates to an annual dividend payment of $0.80 and a dividend yield of 1.40 percent for the stock. This dividend had an ex-dividend date of November 30th, a Wednesday, and the day after Thanksgiving. SS&C Technologies’ dividend payout ratio (also known as DPR) stands at 30.6 percent.

Numerous academic investigations, with SSNC serving as the primary focus of each one, have been carried out. In a research report made available to the public on Friday, October 28th, Morgan Stanley lowered their price target and rating on shares of SS&C Technologies from $65.00 to $55.00, giving the company’s stock an “equal weight” rating. This information was included in the report. Credit Suisse Group decreased their price target on shares of SS&C Technologies from $78.00 to $65.00 and gave the stock an “outperform” rating in a research report published on Friday, October 28th. In a research report published on Friday, October 28th, Jefferies Financial Group revealed that they would be reducing their price objective for SS&C Technologies from $80.00 to $55.00. The new price objective was stated in the report. The price target that DA Davidson has established for the shares of SS&C Technologies has been lowered to $70.00, as stated in a research report published on November 1st. DA Davidson made this announcement. In a research report dated Friday, October 28th, Needham & Company LLC lowered the firm’s price objective on shares of SS&C Technologies from $75.00 to $65.00 while reiterating its “buy” recommendation on the stock. The report also stated that the firm would continue to hold a “buy” recommendation. This was the third and final downgrade in the series. Seven of the eight equity research analysts have given the stock a buy recommendation, one of the experts has given the stock a strong buy rating, and the remaining analyst has given the stock a hold rating. According to Bloomberg.com, the company is receiving a “buy” recommendation across the board, and analysts anticipate its share price will reach an average of $64.73 shortly.

The software and software-enabled services that SS&C Technologies Holdings, Inc. and its subsidiaries offer to a wide range of industries, including the healthcare industry and the financial services industry, are provided by SS&C Technologies Holdings, Inc. Claims adjudication, benefits management, care management, and business intelligence are some of the healthcare solutions that are part of the company’s owned and operated technology stack, which the company also owns. Other components of the technology stack include securities accounting, front-office activities such as trading and modeling, middle-office activities such as portfolio management and reporting, back-office activities such as accounting, performance measurement, reporting, processing and clearing, compliance and tax reporting, and middle-office activities such as portfolio management and reporting. Other technology stack components include securities accounting, front-office activities such as trading and modeling, middle-office activities such as portfolio management and reporting, front-office activities such as trading and modeling, and back-office activities.

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