Metropolitan Life Insurance Co NY raised its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,466 shares of the technology company’s stock after purchasing an additional 334 shares during the period. Metropolitan Life Insurance Co NY’s holdings in SS&C Technologies were worth $985,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Versant Capital Management Inc increased its position in SS&C Technologies by 202.7% during the first quarter. Versant Capital Management Inc now owns 448 shares of the technology company’s stock worth $28,000 after purchasing an additional 300 shares during the last quarter. Prime Capital Investment Advisors LLC purchased a new position in shares of SS&C Technologies in the fourth quarter valued at $26,000. Quad Cities Investment Group LLC purchased a new position in shares of SS&C Technologies in the first quarter valued at $48,000. Advisory Services Network LLC boosted its stake in shares of SS&C Technologies by 198.5% in the first quarter. Advisory Services Network LLC now owns 982 shares of the technology company’s stock valued at $62,000 after purchasing an additional 653 shares during the period. Finally, CWM LLC boosted its stake in SS&C Technologies by 18.7% during the 1st quarter. CWM LLC now owns 1,036 shares of the technology company’s stock valued at $66,000 after acquiring an additional 163 shares during the last quarter. 82.70% of the stock is owned by hedge funds and other institutional investors.
SSNC traded up $0.74 during trading hours on Thursday, reaching $59.25. The company’s stock had a trading volume of 1,051,400 shares, compared to its average volume of 1,527,318. SS&C Technologies Holdings, Inc. has a 52 week low of $40.96 and a 52 week high of $67.73. The company’s 50-day simple moving average is $57.70. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.77. The firm has a market cap of $14.73 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 1.72 and a beta of 1.27.
In other news, Director Michael Jay Zamkow acquired 17,000 shares of the stock in a transaction on Friday, May 3rd. The shares were purchased at an average price of $59.76 per share, for a total transaction of $1,015,920.00. Following the transaction, the director now directly owns 38,000 shares of the company’s stock, valued at $2,270,880. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Joseph J. Frank sold 10,141 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $59.89, for a total value of $607,344.49. Following the transaction, the senior vice president now owns 9,910 shares in the company, valued at approximately $593,509.90. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 17,097 shares of company stock worth $1,021,646. 14.50% of the stock is owned by company insiders.
SSNC has been the topic of a number of recent research reports. JPMorgan Chase & Co. restated a “buy” rating on shares of SS&C Technologies in a research report on Monday, July 1st. DA Davidson reduced their price objective on shares of Comerica from $87.00 to $85.00 and set a “neutral” rating for the company in a research report on Wednesday, April 17th. Jefferies Financial Group raised their target price on shares of EXACT Sciences from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Credit Suisse Group restated an “outperform” rating and set a GBX 2,012 ($26.29) price target on shares of Aston Martin Lagonda Global in a report on Wednesday, May 1st. Finally, Zacks Investment Research lowered shares of GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $70.57.
SS&C Technologies Profile
SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services and healthcare industries in the United States, Canada, rest of the Americas, Europe, the Asia Pacific, and Japan. The company's products and services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, including portfolio management and reporting; and back-office functions comprising accounting, transfer agency, compliance, regulatory services, performance measurement, reconciliation, reporting, processing, and clearing.
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