Universal Beteiligungs und Servicegesellschaft mbH Sells 44,930 Shares of SS&C Technologies Holdings, Inc. $SSNC

Universal Beteiligungs und Servicegesellschaft mbH lessened its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 25.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 129,644 shares of the technology company’s stock after selling 44,930 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.05% of SS&C Technologies worth $11,507,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Caldwell Trust Co bought a new position in SS&C Technologies during the second quarter valued at $27,000. Quent Capital LLC purchased a new position in shares of SS&C Technologies during the 3rd quarter worth about $39,000. Osterweis Capital Management Inc. bought a new position in SS&C Technologies during the 2nd quarter valued at about $40,000. Root Financial Partners LLC purchased a new stake in SS&C Technologies in the 3rd quarter worth about $42,000. Finally, Salem Investment Counselors Inc. lifted its stake in SS&C Technologies by 71.7% in the third quarter. Salem Investment Counselors Inc. now owns 625 shares of the technology company’s stock worth $55,000 after purchasing an additional 261 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wall Street Zen raised SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of SS&C Technologies in a research report on Wednesday. Royal Bank Of Canada lifted their target price on SS&C Technologies from $97.00 to $99.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Weiss Ratings reissued a “buy (b)” rating on shares of SS&C Technologies in a research note on Thursday. Finally, Morgan Stanley raised their price target on shares of SS&C Technologies from $88.00 to $92.00 and gave the stock an “equal weight” rating in a research note on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, SS&C Technologies has a consensus rating of “Moderate Buy” and an average price target of $102.25.

SS&C Technologies Trading Down 0.6%

Shares of NASDAQ SSNC opened at $85.31 on Friday. SS&C Technologies Holdings, Inc. has a twelve month low of $69.61 and a twelve month high of $91.07. The firm has a market cap of $20.82 billion, a PE ratio of 25.31 and a beta of 1.19. The business has a fifty day simple moving average of $86.45 and a two-hundred day simple moving average of $86.10. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.94.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings results on Thursday, October 23rd. The technology company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.10. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.55 billion. SS&C Technologies had a return on equity of 19.80% and a net margin of 13.86%.The business’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.29 EPS. Analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a dividend of $0.27 per share. The ex-dividend date was Monday, December 1st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.3%. SS&C Technologies’s dividend payout ratio (DPR) is currently 32.05%.

Insider Transactions at SS&C Technologies

In related news, Director Normand A. Boulanger sold 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $85.85, for a total value of $12,877,500.00. Following the completion of the transaction, the director owned 386,924 shares of the company’s stock, valued at $33,217,425.40. The trade was a 27.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 16.40% of the stock is currently owned by insiders.

SS&C Technologies Profile

SS&C Technologies is a global provider of software and services for the financial services industry, offering technology and outsourcing solutions that support investment managers, asset servicing firms, insurance companies, private equity and real estate managers, hedge funds, wealth managers and other financial institutions. The company’s offerings span front-, middle- and back-office functionality, enabling clients to automate trading, portfolio accounting, reconciliation, performance measurement, risk and compliance, and client reporting.

SS&C delivers its capabilities through a mix of licensed software, cloud-based SaaS platforms and managed services.