B. Metzler seel. Sohn & Co. Holding AG Invests $503,000 in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the third quarter, Holdings Channel reports. The firm acquired 6,772 shares of the technology company’s stock, valued at approximately $503,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Pathstone Holdings LLC raised its position in shares of SS&C Technologies by 1.7% in the 3rd quarter. Pathstone Holdings LLC now owns 127,764 shares of the technology company’s stock worth $9,481,000 after purchasing an additional 2,074 shares during the last quarter. Quest Partners LLC raised its holdings in SS&C Technologies by 2,147.8% in the third quarter. Quest Partners LLC now owns 37,695 shares of the technology company’s stock worth $2,797,000 after buying an additional 36,018 shares during the last quarter. Swiss National Bank lifted its stake in shares of SS&C Technologies by 0.3% in the third quarter. Swiss National Bank now owns 660,700 shares of the technology company’s stock worth $49,031,000 after buying an additional 2,300 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of SS&C Technologies by 220.6% during the third quarter. Thrivent Financial for Lutherans now owns 65,226 shares of the technology company’s stock valued at $4,840,000 after buying an additional 44,884 shares during the last quarter. Finally, Atlanta Consulting Group Advisors LLC bought a new stake in shares of SS&C Technologies during the third quarter valued at approximately $228,000. 96.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SSNC has been the topic of several recent analyst reports. Raymond James increased their target price on SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. StockNews.com cut SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. DA Davidson reissued a “buy” rating and issued a $92.00 target price on shares of SS&C Technologies in a research report on Thursday, October 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price target on shares of SS&C Technologies in a report on Friday, October 25th. Finally, Royal Bank of Canada lifted their price target on shares of SS&C Technologies from $75.00 to $86.00 and gave the stock an “outperform” rating in a research note on Thursday, September 19th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $77.75.

SS&C Technologies Stock Performance

SSNC opened at $76.12 on Monday. The company’s 50 day moving average is $74.11 and its 200 day moving average is $69.42. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The company has a market cap of $18.85 billion, a price-to-earnings ratio of 27.28 and a beta of 1.39. SS&C Technologies Holdings, Inc. has a 12-month low of $55.33 and a 12-month high of $77.02.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data on Thursday, October 24th. The technology company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.03. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.33%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the firm posted $1.04 EPS. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities research analysts predict that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current year.

SS&C Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.31%. SS&C Technologies’s dividend payout ratio (DPR) is presently 35.84%.

Insider Buying and Selling

In other SS&C Technologies news, Director Michael Jay Zamkow sold 19,000 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of $75.97, for a total value of $1,443,430.00. Following the completion of the sale, the director now owns 22,576 shares in the company, valued at approximately $1,715,098.72. This represents a 45.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Normand A. Boulanger sold 130,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $75.38, for a total value of $9,799,400.00. Following the sale, the director now directly owns 333,576 shares in the company, valued at approximately $25,144,958.88. This represents a 28.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.40% of the stock is currently owned by insiders.

SS&C Technologies Profile

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.