Top 10 Undervalued Tech Stocks to Buy According to Hedge Funds

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

Number of Hedge Fund Investors: 57

Forward P/E Ratio as of January 13: 13.00

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) is a leading provider of financial services and healthcare technology that offers a broad array of solutions to a diverse client base. The company’s robust portfolio includes asset and wealth management, fund administration, and healthcare technology. SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) earns revenue through licensing fees, subscription models, and consulting services.

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) is focusing on strategic acquisitions and the effective integration of these acquisitions into its existing business. The company recently acquired Battea-Class Action Services, a leader in filing and processing settlement claims in connection with antitrust and securities litigation, for $670 million. The acquisition has added significant value to the company’s fund administration business and is already showing positive signs of synergy. SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) aims to leverage Battea’s offerings to cross-sell its services to existing clients, thereby expanding its reach and enhancing its service portfolio. Additionally, the acquisition of Blue Prism, a Robotic Process Automation company, has enabled SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) to automate and optimize processes by increasing efficiency and productivity.

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) is also actively expanding its market opportunities and client base by targeting both existing and new segments. In the healthcare sector, the company is leveraging its DomaniRx platform to address the growing needs of health insurers and pharmacy benefit managers. The company is also exploring the potential to license its technology to larger players, further extending its reach.