Richard Pzena’s 5 New Stock Picks

4. SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Pzena Investment Management’s Stake Value: $474,000 

Number of Hedge Fund Holders: 49

The next stock on our list of Pzena’s 9 new stock picks is SS&C Technologies Holdings, Inc. (NASDAQ:SSNC), an American financial technology company specializing in software-as-a-service for the financial services industry. The Connecticut-based company has operations in the Americas, Europe, Asia, Africa, and Australia, classifying SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) as a multinational firm. SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) provides fintech markets with services like fund administration, wealth management accounting, and handling pension funds and insurance, via its numerous acquired subsidiaries. 

Pzena holds a stake valued at $474,000 in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) as of the end of June. 

The fintech company is popular among hedge funds as of the end of the second quarter. 49 funds were bullish on SS&C Technologies Holdings, Inc. (NASDAQ:SSNC), down from 54 in Q1. 

Vulcan Value Partners mentioned SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in its Q4 2020 investor letter. Here is what they said:

“SS&C Technologies Holdings Inc. is the leading provider of services to the financial sector. It owns several companies including ALPS Fund Services, Advent, GlobeOp, Intralinks, Eze, and DST. It operates an array of technology offerings for the financial services industry and provides mission-critical software. We like the company’s recurring revenue, high retention rates, strong free cash flow generation, and high rates of return on capital. Regulatory pressure, the need for greater transparency, and the growth of its core asset classes have led to greater demand for its services.”