Metis Global Partners LLC Increases Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Metis Global Partners LLC lifted its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 7.1% in the fourth quarter, Holdings Channel reports. The firm owned 3,025 shares of the technology company’s stock after buying an additional 200 shares during the period. Metis Global Partners LLC’s holdings in SS&C Technologies were worth $229,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Kestra Investment Management LLC acquired a new stake in shares of SS&C Technologies in the 4th quarter worth $39,000. Parkside Financial Bank & Trust boosted its position in shares of SS&C Technologies by 76.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company’s stock worth $40,000 after purchasing an additional 229 shares in the last quarter. Financial Perspectives Inc acquired a new stake in shares of SS&C Technologies in the 4th quarter worth $51,000. CENTRAL TRUST Co acquired a new stake in shares of SS&C Technologies in the 4th quarter worth $65,000. Finally, Global X Japan Co. Ltd. boosted its position in shares of 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 worth $66,000 after purchasing an additional 574 shares in the last quarter. Institutional investors and hedge funds own 96.95% of the company’s stock.

Insider Activity at SS&C Technologies

In related news, CEO William C. Stone sold 132,700 shares of SS&C Technologies stock in a transaction dated Tuesday, December 10th. The stock was 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 $2,446,744,613.10. The trade was a 0.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies stock in a transaction dated 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 completion of the transaction, the director now owns 23,200 shares of the company’s stock, valued at approximately $2,050,648. This represents a 49.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 226,700 shares of company stock worth $18,547,125 in the last 90 days. Corporate insiders own 15.40% of the company’s stock.

SS&C Technologies Stock Performance

Shares of SSNC stock opened at $84.57 on Friday. The stock has a market cap of $20.95 billion, a PE ratio of 28.19 and a beta of 1.38. The business has a 50-day simple moving average of $82.02 and a 200-day simple moving average of $77.19. 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 $59.63 and a 52-week high of $89.73.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings data 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, equities analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.25 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.18%. SS&C Technologies’s dividend payout ratio is presently 33.33%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SSNC. 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 report on Monday, February 3rd. Royal Bank of Canada lifted their price target on SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Needham & Company LLC lifted their price target on SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. DA Davidson lifted their price target on SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Finally, StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 10th. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, SS&C Technologies presently has an average rating of “Buy” and an average target price of $97.50.

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.