Deutsche Bank AG Has $38.38 Million Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Deutsche Bank AG reduced its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNCGet Rating) by 26.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 660,981 shares of the technology company’s stock after selling 236,159 shares during the period. Deutsche Bank AG owned 0.26% of SS&C Technologies worth $38,384,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Norris Perne & French LLP MI increased its stake in SS&C Technologies by 66.9% in the 2nd quarter. Norris Perne & French LLP MI now owns 214,415 shares of the technology company’s stock valued at $12,451,000 after buying an additional 85,948 shares during the last quarter. Martingale Asset Management L P increased its stake in shares of SS&C Technologies by 72.7% during the 2nd quarter. Martingale Asset Management L P now owns 156,000 shares of the technology company’s stock worth $9,059,000 after purchasing an additional 65,648 shares during the last quarter. Bank of Montreal Can increased its stake in shares of SS&C Technologies by 35.2% during the 2nd quarter. Bank of Montreal Can now owns 114,478 shares of the technology company’s stock worth $6,950,000 after purchasing an additional 29,781 shares during the last quarter. Fiera Capital Corp increased its stake in shares of SS&C Technologies by 4.4% during the 2nd quarter. Fiera Capital Corp now owns 38,994 shares of the technology company’s stock worth $2,265,000 after purchasing an additional 1,646 shares during the last quarter. Finally, Cumberland Partners Ltd increased its stake in shares of SS&C Technologies by 10.0% during the 2nd quarter. Cumberland Partners Ltd now owns 22,000 shares of the technology company’s stock worth $1,278,000 after purchasing an additional 2,000 shares during the last quarter. 83.60% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Stock Performance

NASDAQ SSNC opened at $52.03 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $13.11 billion, a P/E ratio of 19.93 and a beta of 1.45. SS&C Technologies Holdings, Inc. has a 12-month low of $45.25 and a 12-month high of $84.85. The firm has a 50-day moving average price of $50.07 and a two-hundred day moving average price of $56.37.

SS&C Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Wednesday, November 30th. SS&C Technologies’s dividend payout ratio (DPR) is presently 30.65%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SSNC shares. Royal Bank of Canada lowered their price objective on shares of SS&C Technologies from $67.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Credit Suisse Group lowered their price objective on shares of SS&C Technologies from $78.00 to $65.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Jefferies Financial Group lowered their price objective on shares of SS&C Technologies from $81.00 to $55.00 in a research note on Friday, October 28th. Morgan Stanley lowered their price objective on shares of SS&C Technologies from $65.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Friday, October 28th. Finally, UBS Group decreased their price target on shares of SS&C Technologies from $85.00 to $77.00 and set a “buy” rating on the stock in a research note on Thursday, July 28th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $68.36.

About SS&C Technologies

(Get Rating)

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions include portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions comprising claims adjudication, benefit management, care management, and business intelligence solutions.

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Institutional Ownership by Quarter for SS&C Technologies (NASDAQ:SSNC)

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