DekaBank Deutsche Girozentrale decreased its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 74.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,490 shares of the technology company’s stock after selling 36,387 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in SS&C Technologies were worth $797,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in SSNC. Wells Fargo & Company MN grew its stake in shares of SS&C Technologies by 83.7% in the first quarter. Wells Fargo & Company MN now owns 401,053 shares of the technology company’s stock worth $25,542,000 after acquiring an additional 182,740 shares during the last quarter. Close Asset Management Ltd acquired a new stake in SS&C Technologies during the first quarter worth $3,421,000. Nomura Asset Management Co. Ltd. boosted its stake in SS&C Technologies by 8.5% during the first quarter. Nomura Asset Management Co. Ltd. now owns 33,310 shares of the technology company’s stock worth $2,122,000 after buying an additional 2,600 shares in the last quarter. CIBC World Markets Inc. boosted its stake in SS&C Technologies by 46.1% during the first quarter. CIBC World Markets Inc. now owns 11,889 shares of the technology company’s stock worth $757,000 after buying an additional 3,751 shares in the last quarter. Finally, Hallmark Capital Management Inc. acquired a new stake in SS&C Technologies during the first quarter worth $14,771,000. 82.45% of the stock is currently owned by institutional investors.
In other news, Director Michael Jay Zamkow bought 17,000 shares of SS&C Technologies stock in a transaction dated Friday, May 3rd. The shares were bought at an average price of $59.76 per share, for a total transaction of $1,015,920.00. Following the purchase, the director now owns 38,000 shares of the company’s stock, valued at $2,270,880. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Joseph J. Frank sold 10,141 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $59.89, for a total transaction of $607,344.49. Following the completion of the sale, the senior vice president now owns 9,910 shares in the company, valued at approximately $593,509.90. The disclosure for this sale can be found here. Insiders bought a total of 17,159 shares of company stock worth $1,025,569 in the last 90 days. 14.50% of the stock is owned by corporate insiders.
Shares of NASDAQ:SSNC opened at $57.44 on Wednesday. SS&C Technologies Holdings, Inc. has a 52 week low of $40.96 and a 52 week high of $67.73. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market capitalization of $14.77 billion, a PE ratio of 21.92, a PEG ratio of 1.70 and a beta of 1.33.
SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Tuesday, April 30th. The technology company reported $0.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.04. SS&C Technologies had a net margin of 3.20% and a return on equity of 17.19%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the company earned $0.53 EPS. The firm’s revenue for the quarter was up 164.7% compared to the same quarter last year. On average, sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 3.61 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a $0.10 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.40 annualized dividend and a dividend yield of 0.70%. SS&C Technologies’s dividend payout ratio is presently 15.27%.
A number of equities research analysts have weighed in on SSNC shares. Jefferies Financial Group downgraded shares of SS&C Technologies from a “buy” rating to a “hold” rating and lifted their price target for the stock from $58.00 to $64.00 in a research note on Wednesday, May 1st. Needham & Company LLC reiterated a “strong-buy” rating and set a $75.00 price target (up previously from $70.00) on shares of SS&C Technologies in a research note on Friday, February 15th. BidaskClub upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 20th. JPMorgan Chase & Co. set a $70.00 price target on shares of SS&C Technologies and gave the stock a “buy” rating in a research note on Friday, February 15th. Finally, Royal Bank of Canada lifted their price target on shares of SS&C Technologies to $70.00 and gave the stock an “outperform” rating in a research note on Friday, February 15th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $70.00.
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SS&C Technologies Profile
SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services and healthcare industries in the United States, Canada, rest of the Americas, Europe, the Asia Pacific, and Japan. The company's products and services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, including portfolio management and reporting; and back-office functions comprising accounting, transfer agency, compliance, regulatory services, performance measurement, reconciliation, reporting, processing, and clearing.
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