Fort Washington Investment Advisors Inc. OH reduced its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) by 11.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,512,934 shares of the technology company’s stock after selling 194,433 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in SS&C Technologies were worth $102,229,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in SSNC. Cannon Global Investment Management LLC grew its stake in shares of SS&C Technologies by 62.8% in the first quarter. Cannon Global Investment Management LLC now owns 14,000 shares of the technology company’s stock worth $946,000 after purchasing an additional 5,400 shares during the last quarter. GHP Investment Advisors Inc. lifted its holdings in SS&C Technologies by 0.5% during the 1st quarter. GHP Investment Advisors Inc. now owns 140,593 shares of the technology company’s stock worth $9,500,000 after buying an additional 747 shares during the period. Aaron Wealth Advisors LLC grew its position in shares of SS&C Technologies by 25.2% in the 1st quarter. Aaron Wealth Advisors LLC now owns 4,461 shares of the technology company’s stock valued at $301,000 after buying an additional 899 shares during the last quarter. Meyer Handelman Co. grew its position in shares of SS&C Technologies by 12.1% in the 1st quarter. Meyer Handelman Co. now owns 122,527 shares of the technology company’s stock valued at $8,279,000 after buying an additional 13,217 shares during the last quarter. Finally, BTC Capital Management Inc. increased its stake in shares of SS&C Technologies by 19.6% in the first quarter. BTC Capital Management Inc. now owns 74,198 shares of the technology company’s stock valued at $5,014,000 after buying an additional 12,143 shares during the period. Institutional investors own 96.90% of the company’s stock.
SS&C Technologies Stock Performance
Shares of SS&C Technologies stock opened at $63.66 on Friday. SS&C Technologies Holdings, Inc. has a 12 month low of $62.99 and a 12 month high of $91.07. The business’s fifty day simple moving average is $67.72 and its 200 day simple moving average is $74.54. The firm has a market capitalization of $15.33 billion, a P/E ratio of 19.71 and a beta of 1.09. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.06.
SS&C Technologies Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Monday, June 1st. SS&C Technologies’s dividend payout ratio (DPR) is currently 33.44%.
Analyst Ratings Changes
SSNC has been the subject of a number of analyst reports. Needham & Company LLC lowered their price objective on SS&C Technologies from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, April 24th. UBS Group increased their target price on shares of SS&C Technologies from $112.00 to $115.00 and gave the company a “buy” rating in a research report on Friday, April 24th. Wall Street Zen raised SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. DA Davidson restated a “buy” rating and set a $96.00 target price on shares of SS&C Technologies in a research report on Monday, April 27th. Finally, Weiss Ratings cut SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.12.
Read Our Latest Stock Analysis on SS&C Technologies
Insider Activity
In other SS&C Technologies news, Director Michael Jay Zamkow sold 3,000 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $66.68, for a total transaction of $200,040.00. Following the sale, the director owned 18,404 shares of the company’s stock, valued at $1,227,178.72. The trade was a 14.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jonathan E. Michael sold 2,740 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $66.86, for a total value of $183,196.40. Following the completion of the transaction, the director directly owned 79,384 shares of the company’s stock, valued at $5,307,614.24. The trade was a 3.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 8,740 shares of company stock valued at $583,576 in the last quarter. Corporate insiders own 16.00% of the company’s stock.
About SS&C Technologies
SS&C Technologies is a global provider of software and services for the financial services industry, offering technology and outsourcing solutions that support investment managers, asset servicing firms, insurance companies, private equity and real estate managers, hedge funds, wealth managers and other financial institutions. The company’s offerings span front-, middle- and back-office functionality, enabling clients to automate trading, portfolio accounting, reconciliation, performance measurement, risk and compliance, and client reporting.
SS&C delivers its capabilities through a mix of licensed software, cloud-based SaaS platforms and managed services.
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