Deutsche Bank AG Sells 103,038 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Key Points

• Deutsche Bank AG reduced its stake in SS&C Technologies Holdings by 19.3%, now holding 430,795 shares valued at approximately $35.98 million.
• Several institutional investors have significantly increased their stakes, with Unigestion Holding raising theirs by 861.7%, now owning 95,341 shares valued at $7.96 million.
• Analysts maintain a consensus rating of "Buy" for SS&C Technologies, with target prices increasing, including Morgan Stanley raising theirs to $88.

Deutsche Bank AG lowered its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 19.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 430,795 shares of the technology company's stock after selling 103,038 shares during the period. Deutsche Bank AG owned about 0.17% of SS&C Technologies worth $35,984,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in SS&C Technologies by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 20,401,466 shares of the technology company's stock worth $1,704,134,000 after purchasing an additional 186,440 shares in the last quarter. Janus Henderson Group PLC lifted its stake in SS&C Technologies by 3.4% in the 4th quarter. Janus Henderson Group PLC now owns 16,598,958 shares of the technology company's stock worth $1,257,869,000 after purchasing an additional 539,483 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in SS&C Technologies by 8.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,158,478 shares of the technology company's stock worth $239,353,000 after purchasing an additional 258,554 shares in the last quarter. AQR Capital Management LLC lifted its stake in SS&C Technologies by 52.4% in the 4th quarter. AQR Capital Management LLC now owns 2,270,232 shares of the technology company's stock worth $172,038,000 after purchasing an additional 780,616 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in SS&C Technologies by 64.9% in the 4th quarter. Bank of America Corp DE now owns 2,235,142 shares of the technology company's stock worth $169,379,000 after purchasing an additional 880,058 shares in the last quarter. Hedge funds and other institutional investors own 96.95% of the company's stock.

SS&C Technologies Trading Down 1.2%

NASDAQ:SSNC traded down $1.02 during mid-day trading on Friday, hitting $86.83. 1,222,305 shares of the stock traded hands, compared to its average volume of 1,381,221. The stock has a market capitalization of $21.21 billion, a price-to-earnings ratio of 27.22 and a beta of 1.25. SS&C Technologies Holdings, Inc. has a 52 week low of $66.83 and a 52 week high of $89.73. The firm's 50 day moving average is $83.25 and its two-hundred day moving average is $81.80. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.97.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.39 by $0.06. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.52 billion. SS&C Technologies had a net margin of 13.34% and a return on equity of 18.92%. The firm's revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.27 EPS. On average, equities research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Monday, June 2nd. SS&C Technologies's dividend payout ratio is currently 31.35%.

Analysts Set New Price Targets

Several analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of SS&C Technologies from $86.00 to $94.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. UBS Group upped their target price on shares of SS&C Technologies from $105.00 to $108.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. DA Davidson upped their target price on shares of SS&C Technologies from $98.00 to $102.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Wall Street Zen upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. Finally, Morgan Stanley upped their target price on shares of SS&C Technologies from $75.00 to $88.00 and gave the company an "equal weight" rating in a research report on Thursday, July 24th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $97.13.

About SS&C Technologies

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.