Metropolitan Life Insurance Co. NY Has $315,000 Position in SS&C Technologies Holdings, Inc. (SSNC)

Metropolitan Life Insurance Co. NY decreased its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 4.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,014 shares of the technology company’s stock after selling 488 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in SS&C Technologies Holdings were worth $315,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. CIBC Asset Management Inc bought a new position in SS&C Technologies Holdings during the third quarter worth $200,000. Pacer Advisors Inc. boosted its position in SS&C Technologies Holdings by 10.7% in the third quarter. Pacer Advisors Inc. now owns 6,895 shares of the technology company’s stock worth $222,000 after buying an additional 665 shares during the last quarter. Quadrature Capital Ltd bought a new position in SS&C Technologies Holdings during the third quarter worth $247,000. Comerica Bank bought a new position in SS&C Technologies Holdings during the fourth quarter worth $250,000. Finally, Aperio Group LLC boosted its position in SS&C Technologies Holdings by 29.9% in the third quarter. Aperio Group LLC now owns 10,772 shares of the technology company’s stock worth $346,000 after buying an additional 2,482 shares during the last quarter. 90.69% of the stock is currently owned by hedge funds and other institutional investors.

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

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) opened at 36.85 on Friday. SS&C Technologies Holdings, Inc. has a 12-month low of $26.15 and a 12-month high of $37.48. The company has a 50-day moving average price of $35.71 and a 200-day moving average price of $32.62. The stock has a market capitalization of $7.49 billion, a PE ratio of 57.58 and a beta of 1.09.

SS&C Technologies Holdings (NASDAQ:SSNC) last announced its quarterly earnings data on Wednesday, February 15th. The technology company reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.02. SS&C Technologies Holdings had a return on equity of 12.92% and a net margin of 6.23%. The firm had revenue of $400.90 million for the quarter, compared to the consensus estimate of $399.21 million. Analysts expect that SS&C Technologies Holdings, Inc. will post $1.93 earnings per share for the current fiscal year.

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A number of research firms recently commented on SSNC. Jefferies Group LLC reissued a “buy” rating and issued a $39.00 price target on shares of SS&C Technologies Holdings in a report on Thursday, April 13th. Needham & Company LLC reissued a “buy” rating and issued a $39.00 price target on shares of SS&C Technologies Holdings in a report on Thursday, February 16th. Zacks Investment Research cut SS&C Technologies Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, February 1st. Deutsche Bank AG boosted their price target on SS&C Technologies Holdings from $32.00 to $35.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, Macquarie raised SS&C Technologies Holdings from a “neutral” rating to an “outperform” rating and set a $38.00 price target on the stock in a report on Thursday, February 16th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $42.00.

In related news, Director William A. Etherington sold 12,000 shares of SS&C Technologies Holdings stock in a transaction that occurred on Monday, March 20th. The stock was sold at an average price of $36.06, for a total transaction of $432,720.00. Following the transaction, the director now owns 68,500 shares in the company, valued at $2,470,110. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 18.00% of the company’s stock.

About SS&C Technologies Holdings

SS&C Technologies Holdings, Inc is a holding company. The Company is a provider of software products and software-enabled services that allow financial services providers to automate complex business processes and manage their information processing requirements. The Company’s portfolio of software products and software-enabled services allows its clients to automate and integrate front-office functions, such as trading and modeling, middle-office functions, such as portfolio management and reporting, and back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing.

5 Day Chart for NASDAQ:SSNC

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