Is SS&C Technologies Holdings (SSNC) an Attractive Long-Term Investment?

Diamond Hill Capital, an investment management company, released its “Mid Cap Strategy” third-quarter 2022 investor letter. A copy of the same can be downloaded here. In the third quarter, the strategy returned -4.67% net of fees compared to a -3.44% return for the Russell Midcap Index. Portfolio holdings in technology, industrials, and consumer discretionary sectors hindered the strategy’s performance in the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Diamond Hill Capital discussed stocks like SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the Q3 2022 investor letter. Headquartered in Windsor, Connecticut, SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) is a software products and software-enabled services provider to financials and healthcare sectors. On October 24, 2022, SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) stock closed at $48.36 per share. One-month return of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) was 1.82% and its shares lost 35.17% of their value over the last 52 weeks. SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) has a market capitalization of $12.333 billion.

Diamond Hill Capital made the following comment about SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in its Q3 2022 investor letter:

“Other bottom contributors included SVB Financial, Hanesbrands and SS&C Technologies Holdings, Inc. (NASDAQ:SSNC). SS&C is the world’s largest hedge fund and private equity administrator. It reported a mixed quarter, with near-term margins impacted by higher labor costs. With ~90% of its business involved in capital markets, it has faced a challenging selling environment this year. We continue to like the longterm prospects of the business and believe the price for SS&C’s current earnings power remains inexpensive today”

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SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 50 hedge fund portfolios held SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) at the end of the second quarter which was 48 in the previous quarter.

We discussed SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in another article and shared Diamond Hill Capital’s views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.