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 purchased a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 6,772 shares of the technology company’s stock, valued at approximately $503,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Innealta Capital LLC purchased a new stake in shares of SS&C Technologies during the second quarter worth $26,000. Ashton Thomas Private Wealth LLC purchased a new position in SS&C Technologies during the 2nd quarter valued at about $35,000. Benjamin Edwards Inc. increased its position in shares of SS&C Technologies by 43.3% during the second quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company’s stock valued at $42,000 after buying an additional 204 shares during the period. Versant Capital Management Inc boosted its position in shares of SS&C Technologies by 6,300.0% in the second quarter. Versant Capital Management Inc now owns 704 shares of the technology company’s stock valued at $44,000 after acquiring an additional 693 shares during the period. Finally, 1620 Investment Advisors Inc. purchased a new position in SS&C Technologies during the second quarter valued at approximately $47,000. 96.95% of the stock is owned by institutional investors.

SS&C Technologies Stock Up 1.3 %

Shares of SSNC opened at $76.12 on Monday. SS&C Technologies Holdings, Inc. has a 1 year low of $55.33 and a 1 year high of $77.02. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a 50 day simple moving average of $74.11 and a two-hundred day simple moving average of $69.42. The firm has a market cap of $18.85 billion, a P/E ratio of 27.28 and a beta of 1.39.

SS&C Technologies (NASDAQ:SSNC) last announced 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. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.44 billion. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.33%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.04 EPS. On average, analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.31%. SS&C Technologies’s dividend payout ratio is currently 35.84%.

Insider Activity at SS&C Technologies

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

Analysts Set New Price Targets

Several research firms have issued reports on SSNC. Royal Bank of Canada increased their target price 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. Raymond James lifted their price objective 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. DA Davidson restated a “buy” rating and issued a $92.00 target price on shares of SS&C Technologies in a research note on Thursday, October 10th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price target on shares of SS&C Technologies in a research report on Friday, October 25th. Finally, StockNews.com cut shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $77.75.

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.