Raiffeisen Bank International AG Invests $1.27 Million in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Raiffeisen Bank International AG bought a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 16,772 shares of the technology company's stock, valued at approximately $1,269,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Steward Partners Investment Advisory LLC raised its holdings in SS&C Technologies by 16.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the technology company's stock valued at $67,000 after acquiring an additional 123 shares during the period. EP Wealth Advisors LLC increased its stake in shares of SS&C Technologies by 2.0% during the fourth quarter. EP Wealth Advisors LLC now owns 7,003 shares of the technology company's stock worth $531,000 after purchasing an additional 139 shares during the period. Global Retirement Partners LLC lifted its holdings in SS&C Technologies by 11.8% during the 4th quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company's stock worth $107,000 after purchasing an additional 149 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in SS&C Technologies by 15.7% in the 4th quarter. Farther Finance Advisors LLC now owns 1,163 shares of the technology company's stock valued at $88,000 after purchasing an additional 158 shares during the period. Finally, Wellington Management Group LLP grew its holdings in SS&C Technologies by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 3,193 shares of the technology company's stock valued at $242,000 after buying an additional 161 shares in the last quarter. 96.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on SSNC. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $86.00 price objective (down from $90.00) on shares of SS&C Technologies in a report on Friday, April 25th. Raymond James decreased their price objective on SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating on the stock in a report on Friday, April 25th. Royal Bank of Canada increased their target price on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. UBS Group increased their target price on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Finally, StockNews.com upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday. One analyst has rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $91.86.

SS&C Technologies Price Performance

Shares of NASDAQ SSNC traded up $0.33 during trading hours on Tuesday, hitting $80.39. 1,480,630 shares of the stock were exchanged, compared to its average volume of 1,312,465. 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 company has a market cap of $19.83 billion, a PE ratio of 26.80 and a beta of 1.24. The company's fifty day simple moving average is $78.37 and its two-hundred day simple moving average is $79.04. SS&C Technologies Holdings, Inc. has a 1-year low of $60.01 and a 1-year high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share (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 firm's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $1.28 EPS. On average, sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

Insider Buying and Selling at SS&C Technologies

In other SS&C Technologies news, Director Michael Jay Zamkow sold 23,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total value of $2,032,970.00. Following the sale, the director now owns 23,200 shares in the company, valued at $2,050,648. This trade represents a 49.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Jonathan E. Michael bought 2,700 shares of the business's stock in a transaction on Thursday, May 1st. The stock was bought at an average price of $75.53 per share, for a total transaction of $203,931.00. Following the transaction, the director now directly owns 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 disclosure for this purchase can be found here. Company insiders own 16.40% of the company's stock.

SS&C Technologies Company 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.