Deutsche Bank AG Purchases 89,280 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Deutsche Bank AG grew its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 20.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 533,833 shares of the technology company's stock after acquiring an additional 89,280 shares during the period. Deutsche Bank AG owned about 0.22% of SS&C Technologies worth $40,454,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SSNC. Kestra Investment Management LLC acquired a new stake in SS&C Technologies in the fourth quarter worth $39,000. Parkside Financial Bank & Trust grew its holdings in SS&C Technologies by 76.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock worth $40,000 after purchasing an additional 229 shares during the period. Colonial Trust Co SC grew its holdings in SS&C Technologies by 239.3% in the fourth quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock worth $42,000 after purchasing an additional 390 shares during the period. Financial Perspectives Inc acquired a new stake in SS&C Technologies in the fourth quarter worth $51,000. Finally, Rialto Wealth Management LLC acquired a new stake in SS&C Technologies in the fourth quarter worth $64,000. Institutional investors own 96.95% of the company's stock.

Insiders Place Their Bets

In other news, Director Michael Jay Zamkow sold 12,500 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $79.92, for a total value of $999,000.00. Following the sale, the director now owns 12,476 shares of the company's stock, valued at $997,081.92. The trade was a 50.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jonathan E. Michael purchased 2,700 shares of the stock in a transaction dated Thursday, May 1st. The stock was acquired at an average cost of $75.53 per share, for a total transaction of $203,931.00. Following the transaction, the director now owns 72,776 shares of the company's stock, valued at approximately $5,496,771.28. This trade represents a 3.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 106,500 shares of company stock valued at $9,348,130. Company insiders own 16.40% of the company's stock.

SS&C Technologies Stock Up 0.1%

SS&C Technologies stock traded up $0.09 during midday trading on Friday, hitting $79.60. 1,558,481 shares of the stock were exchanged, compared to its average volume of 1,307,077. SS&C Technologies Holdings, Inc. has a 52-week low of $60.01 and a 52-week high of $89.73. The stock has a market capitalization of $19.63 billion, a price-to-earnings ratio of 26.53 and a beta of 1.24. The business's 50-day moving average price is $78.40 and its 200-day moving average price is $78.85. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.41 by $0.03. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. The company's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.28 earnings per share. On average, research analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on SSNC. DA Davidson reduced their price target on shares of SS&C Technologies from $100.00 to $94.00 and set a "buy" rating for the company in a report on Monday, April 28th. StockNews.com upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Friday. Royal Bank of Canada lifted their price objective on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Jefferies Financial Group upgraded shares of SS&C Technologies from a "hold" rating to a "buy" rating and lifted their price objective for the company from $70.00 to $94.00 in a report on Monday, February 3rd. Finally, Raymond James reduced their price objective on shares of SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating for the company in a report on Friday, April 25th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $91.86.

SS&C Technologies Profile

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.