Universal Beteiligungs und Servicegesellschaft mbH Acquires New Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 173,684 shares of the technology company's stock, valued at approximately $14,508,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.07% of SS&C Technologies at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SSNC. Vanguard Group Inc. lifted its holdings in SS&C Technologies by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 20,215,026 shares of the technology company's stock valued at $1,531,895,000 after acquiring an additional 239,438 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in SS&C Technologies by 3.4% in the fourth quarter. Janus Henderson Group PLC now owns 16,598,958 shares of the technology company's stock valued at $1,257,869,000 after acquiring an additional 539,483 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in SS&C Technologies by 8.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,158,478 shares of the technology company's stock valued at $239,353,000 after acquiring an additional 258,554 shares during the last quarter. Norges Bank acquired a new position in SS&C Technologies in the fourth quarter valued at approximately $205,475,000. Finally, AQR Capital Management LLC lifted its holdings in SS&C Technologies by 52.4% in the fourth quarter. AQR Capital Management LLC now owns 2,270,232 shares of the technology company's stock valued at $172,038,000 after acquiring an additional 780,616 shares during the last quarter. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other SS&C Technologies news, Director Jonathan E. Michael bought 2,700 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was acquired at an average price of $75.53 per share, for a total transaction of $203,931.00. Following the completion of the purchase, the director owned 72,776 shares of the company's stock, valued at approximately $5,496,771.28. This represents a 3.85% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael Jay Zamkow sold 12,500 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $79.92, for a total transaction of $999,000.00. Following the sale, the director owned 12,476 shares of the company's stock, valued at $997,081.92. This trade represents a 50.05% decrease in their position. The disclosure for this sale can be found here. 16.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on SSNC. Needham & Company LLC boosted their target price on SS&C Technologies from $90.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday. JPMorgan Chase & Co. boosted their target price on SS&C Technologies from $86.00 to $94.00 and gave the company a "neutral" rating in a research report on Thursday. Morgan Stanley upped their price objective on SS&C Technologies from $75.00 to $88.00 and gave the stock an "equal weight" rating in a research report on Thursday. UBS Group upped their price objective on SS&C Technologies from $105.00 to $108.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, DA Davidson upped their price objective on SS&C Technologies from $98.00 to $102.00 and gave the stock a "buy" rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $97.13.

SS&C Technologies Stock Down 0.8%

NASDAQ:SSNC traded down $0.67 during trading hours on Friday, hitting $85.18. The company's stock had a trading volume of 1,581,130 shares, compared to its average volume of 1,096,290. The stock has a market capitalization of $21.01 billion, a P/E ratio of 26.70 and a beta of 1.23. The stock has a fifty day moving average of $81.46 and a 200-day moving average of $80.98. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.00. SS&C Technologies Holdings, Inc. has a 52-week low of $66.83 and a 52-week high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.06. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. SS&C Technologies had a return on equity of 19.08% and a net margin of 13.34%. The business's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.27 earnings per share. On average, equities analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Monday, June 2nd. SS&C Technologies's payout ratio is 31.35%.

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.