Fulton Bank N.A. Decreases Investment in SS&C Technologies Holdings,
June 29, 2023
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This move was made in response to the company’s current market performance and outlook. SS&C ($NASDAQ:SSNC) Technologies is a leading financial services software and technology firm that specializes in providing an array of solutions for asset and wealth management, insurance, healthcare, banking, and capital markets. The company has experienced a dip in its market performance over the past few months. This decline has been attributed to various factors, such as lower investment banking fees and an overall downtrend in the financial sector. As a result, Fulton Bank N.A. elected to reduce its ownership of SS&C Technologies Holdings Inc. shares in order to minimize its risk and protect its investments.
Overall, this move illustrates the current sentiment towards SS&C Technologies and could be an indication of a larger trend taking shape in the financial sector. It’s important to note that while this trend is concerning for investors, the company continues to innovate and develop new solutions in order to remain competitive. Moving forward, investors should keep an eye on SS&C Technologies as it navigates these challenging times.
Market Price
Fulton Bank N.A. has recently reduced its investment in SS&C Technologies Holdings, Inc. On Thursday, shares of SS&C TECHNOLOGIES opened at $58.8 and closed at $58.7, a decrease of 0.6% from the previous closing price of $59.1. This news indicates that investor confidence in SS&C Technologies Holdings, Inc. is lower than it was in the past. Additionally, this decrease in investment can have a major impact on the company’s operations and profitability in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ss&c Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 5.35k | 604.1 | 11.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ss&c Technologies. More…
| Operations | Investing | Financing |
| 1.21k | -223.9 | -3.18k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ss&c Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 16.01k | 9.87k | 24.39 |
Key Ratios Snapshot
Some of the financial key ratios for Ss&c Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.6% | 6.7% | 22.3% |
| FCF Margin | ROE | ROA |
| 18.3% | 12.3% | 4.7% |
Analysis
At GoodWhale, we recently conducted an in-depth analysis of the fundamentals of SS&C TECHNOLOGIES. After careful evaluation of their financial and business aspects, we assigned them a medium-risk rating. We identified two risk warnings in their balance sheet that were not linked to financial factors, and we highly recommend that potential investors do their due diligence to assess the risk before investing. To find out more, please visit our website at goodwhale.com. More…
Peers
SS&C Technologies Holdings Inc is a financial services company that provides software and services to the investment and financial services industry. The company operates in three segments: Investment Management, Portfolio Analytics, and Data Management. SS&C Technologies Holdings Inc has a market cap of $13.54 billion and is headquartered in Windsor, Connecticut.
The company’s primary competitors are Linkage Software Co Ltd, GetBusy PLC, and Workday Inc.
– Linkage Software Co Ltd ($SHSE:688588)
As of 2022, Linkage Software Co Ltd has a market cap of 4.01B and a Return on Equity of 7.4%. The company specializes in software development and related services. Its products are used by organizations of all sizes, from small businesses to Fortune 500 companies. Linkage is a publicly traded company listed on the Tokyo Stock Exchange.
– GetBusy PLC ($LSE:GETB)
Busy PLC is a provider of accounting and business software solutions for small and medium-sized businesses. The company has a market capitalization of 28.07 million as of 2022 and a return on equity of 38.82%. The company’s products are designed to automate accounting and business processes, making it easier for businesses to manage their finances and operations. Busy PLC also offers a range of services to support its customers, including training, implementation, and technical support.
– Workday Inc ($NASDAQ:WDAY)
Workday is a leading provider of enterprise cloud applications for finance and human resources. Founded in 2005, Workday delivers financial management, human capital management, and analytics applications designed for the world’s largest companies, educational institutions, and government agencies. More than 1,000 organizations, ranging from medium-sized businesses to Fortune 50 enterprises, have adopted Workday.
Summary
SS&C Technologies Holdings, Inc. is an attractive investment opportunity, as evidenced by recent news that Fulton Bank N.A. has reduced its stake in the company’s shares. With a strong track record of financial performance, the company offers investors a reliable source of income. SS&C Technologies provides software and services for the financial services industry, allowing organizations to more effectively manage their assets and operations.
The company’s products and services are designed to increase efficiency and reduce costs, making them attractive to a wide range of customers. As such, SS&C Technologies has achieved consistent growth in profits and revenues over the past several years, making the stock particularly appealing for investors looking for a safe return on their money.
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