Vontobel Holding Ltd. Acquires Shares of 17,577 SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Vontobel Holding Ltd. acquired a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,577 shares of the technology company’s stock, valued at approximately $1,332,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SSNC. CENTRAL TRUST Co acquired a new stake in shares of SS&C Technologies during the 4th quarter worth approximately $65,000. Global X Japan Co. Ltd. increased its position in SS&C Technologies by 193.3% in the 4th quarter. Global X Japan Co. Ltd. now owns 871 shares of the technology company’s stock valued at $66,000 after acquiring an additional 574 shares during the period. Capital Performance Advisors LLP acquired a new stake in SS&C Technologies in the 3rd quarter valued at approximately $68,000. Versant Capital Management Inc increased its position in SS&C Technologies by 32.5% in the 4th quarter. Versant Capital Management Inc now owns 949 shares of the technology company’s stock valued at $72,000 after acquiring an additional 233 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in SS&C Technologies in the 3rd quarter valued at approximately $73,000. Institutional investors and hedge funds own 96.95% of the company’s stock.

SS&C Technologies Price Performance

NASDAQ SSNC opened at $88.66 on Tuesday. SS&C Technologies Holdings, Inc. has a fifty-two week low of $59.63 and a fifty-two week high of $89.25. The stock’s 50-day moving average is $79.08 and its two-hundred day moving average is $75.75. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market cap of $21.96 billion, a P/E ratio of 29.55 and a beta of 1.38.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. On average, analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO William C. Stone sold 132,700 shares of SS&C Technologies stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $76.85, for a total value of $10,197,995.00. Following the completion of the transaction, the chief executive officer now owns 31,837,926 shares in the company, valued at approximately $2,446,744,613.10. The trade was a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jason Douglas White sold 69,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the completion of the transaction, the senior vice president now owns 6,412 shares of the company’s stock, valued at $494,172.84. This trade represents a 91.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 449,000 shares of company stock valued at $34,461,478 over the last three months. 15.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on SSNC. DA Davidson increased their price target on SS&C Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Needham & Company LLC raised their price objective on SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Royal Bank of Canada raised their price objective on SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Raymond James raised their price objective on SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 7th. Finally, Jefferies Financial Group raised SS&C Technologies from a “hold” rating to a “buy” rating and raised their price objective for the stock from $70.00 to $94.00 in a research note on Monday, February 3rd. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to MarketBeat, SS&C Technologies presently has an average rating of “Buy” and a consensus price target of $97.50.

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.