B. Metzler seel. Sohn & Co. Holding AG Purchases Shares of 6,772 SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 6,772 shares of the technology company's stock, valued at approximately $503,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Innealta Capital LLC acquired a new position in shares of SS&C Technologies during the 2nd quarter valued at $26,000. Ashton Thomas Private Wealth LLC acquired a new position in SS&C Technologies during the second quarter worth about $35,000. Benjamin Edwards Inc. raised its position in SS&C Technologies by 43.3% in the second quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company's stock worth $42,000 after acquiring an additional 204 shares in the last quarter. Versant Capital Management Inc lifted its holdings in SS&C Technologies by 6,300.0% in the 2nd 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 last quarter. Finally, 1620 Investment Advisors Inc. bought a new position in shares of SS&C Technologies during the 2nd quarter valued at about $47,000. Institutional investors own 96.95% of the company's stock.

Insider Buying and Selling

In other news, Director Normand A. Boulanger sold 130,000 shares of the company's stock in a transaction dated Monday, September 16th. The stock was 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 in the company, valued at approximately $25,144,958.88. This represents a 28.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael Jay Zamkow sold 19,000 shares of the firm's stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $75.97, for a total value of $1,443,430.00. Following the completion of the transaction, the director now directly owns 22,576 shares in the company, valued at $1,715,098.72. The trade was a 45.70 % 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 corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. StockNews.com lowered shares of SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research note on Friday, November 15th. Raymond James increased their price objective on SS&C Technologies from $79.00 to $85.00 and gave the company a "strong-buy" rating in a research report on Friday, October 25th. Royal Bank of Canada lifted their target price on SS&C Technologies from $75.00 to $86.00 and gave the stock an "outperform" rating in a report on Thursday, September 19th. DA Davidson reaffirmed a "buy" rating and set a $92.00 target price on shares of SS&C Technologies in a report on Thursday, October 10th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $90.00 price target on shares of SS&C Technologies in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, SS&C Technologies has an average rating of "Moderate Buy" and an average price target of $77.75.

SS&C Technologies Stock Up 1.0 %

Shares of SSNC stock traded up $0.75 during trading on Monday, hitting $76.87. 2,182,327 shares of the company were exchanged, compared to its average volume of 1,091,169. The firm has a market capitalization of $19.04 billion, a price-to-earnings ratio of 27.55 and a beta of 1.39. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The business's 50-day simple moving average is $74.11 and its 200 day simple moving average is $69.42. SS&C Technologies Holdings, Inc. has a twelve month low of $55.45 and a twelve month high of $77.50.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, beating the consensus estimate 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 business had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same period in the previous year, the company posted $1.04 EPS. SS&C Technologies's revenue was up 7.3% on a year-over-year basis. As a group, analysts forecast that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.25 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.30%. SS&C Technologies's payout ratio is 35.84%.

SS&C Technologies Company 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.