Siemens Fonds Invest GmbH Invests $140,000 in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Siemens Fonds Invest GmbH acquired a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 4th quarter, HoldingsChannel reports. The fund acquired 1,850 shares of the technology company’s stock, valued at approximately $140,000.

Several other institutional investors and hedge funds have also made changes to their positions in SSNC. Boston Partners boosted its position in shares of SS&C Technologies by 283.1% during the 4th quarter. Boston Partners now owns 5,279,386 shares of the technology company’s stock worth $400,161,000 after acquiring an additional 3,901,227 shares in the last quarter. Norges Bank acquired a new position in shares of SS&C Technologies during the 4th quarter worth about $205,475,000. Bank of America Corp DE boosted its position in shares of SS&C Technologies by 64.9% during 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 acquiring an additional 880,058 shares in the last quarter. Senator Investment Group LP boosted its position in shares of SS&C Technologies by 133.7% during the 4th quarter. Senator Investment Group LP now owns 1,519,175 shares of the technology company’s stock worth $115,123,000 after acquiring an additional 869,175 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of SS&C Technologies by 52.4% during the 4th quarter. AQR Capital Management LLC now owns 2,270,232 shares of the technology company’s stock worth $172,038,000 after acquiring an additional 780,616 shares in the last quarter. 96.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SSNC shares. Needham & Company LLC lowered their price objective on SS&C Technologies from $105.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Jefferies Financial Group raised SS&C Technologies from a “hold” rating to a “buy” rating and upped their target price for the company from $70.00 to $94.00 in a research report on Monday, February 3rd. Royal Bank of Canada upped their target price on SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. UBS Group upped their target price on SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Finally, DA Davidson decreased their target price on SS&C Technologies from $100.00 to $94.00 and set a “buy” rating for the company in a research report on Monday, April 28th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, SS&C Technologies presently has an average rating of “Buy” and a consensus target price of $91.86.

Insider Buying and Selling at SS&C Technologies

In other SS&C Technologies news, SVP Jason Douglas White sold 71,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the completion of the sale, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at $570,411.52. This represents a 91.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jonathan E. Michael acquired 2,700 shares of SS&C Technologies stock in a transaction on Thursday, May 1st. The shares were bought at an average cost of $75.53 per share, with a total value of $203,931.00. Following the completion of the purchase, the director now owns 72,776 shares in the company, valued at $5,496,771.28. The trade was a 3.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 106,500 shares of company stock valued at $9,348,130 in the last ninety days. Insiders own 16.40% of the company’s stock.

SS&C Technologies Stock Up 0.1%

Shares of NASDAQ SSNC opened at $79.60 on Monday. The stock has a market cap of $19.63 billion, a PE ratio of 26.53 and a beta of 1.24. 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 Holdings, Inc. has a 52-week low of $60.01 and a 52-week high of $89.73. The business has a 50-day moving average price of $78.40 and a 200 day moving average price of $78.97.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Thursday, April 24th. The technology company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.41 by $0.03. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.50 billion. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.28 EPS. Equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

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.