O Brien Greene & Co. Inc Buys 516 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

O Brien Greene & Co. Inc boosted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNCGet Rating) by 0.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,186 shares of the technology company’s stock after purchasing an additional 516 shares during the quarter. SS&C Technologies comprises 1.8% of O Brien Greene & Co. Inc’s holdings, making the stock its 26th largest holding. O Brien Greene & Co. Inc’s holdings in SS&C Technologies were worth $5,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cooper Financial Group grew its holdings in SS&C Technologies by 5.4% in the first quarter. Cooper Financial Group now owns 3,837 shares of the technology company’s stock valued at $288,000 after purchasing an additional 196 shares during the period. Koshinski Asset Management Inc. increased its holdings in SS&C Technologies by 19.5% in the 1st quarter. Koshinski Asset Management Inc. now owns 1,236 shares of the technology company’s stock worth $93,000 after acquiring an additional 202 shares in the last quarter. OLD National Bancorp IN raised its position in SS&C Technologies by 2.5% during the first quarter. OLD National Bancorp IN now owns 9,485 shares of the technology company’s stock worth $711,000 after acquiring an additional 227 shares during the period. Delta Investment Management LLC lifted its holdings in SS&C Technologies by 1.9% during the first quarter. Delta Investment Management LLC now owns 12,548 shares of the technology company’s stock valued at $941,000 after purchasing an additional 237 shares in the last quarter. Finally, Commerce Bank grew its position in shares of SS&C Technologies by 2.3% in the first quarter. Commerce Bank now owns 11,111 shares of the technology company’s stock valued at $834,000 after purchasing an additional 247 shares during the period. Hedge funds and other institutional investors own 83.60% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Citigroup decreased their price target on shares of SS&C Technologies from $86.00 to $75.00 in a research note on Tuesday, July 26th. William Blair reiterated an “outperform” rating on shares of SS&C Technologies in a research report on Monday, July 25th. UBS Group decreased their price objective on SS&C Technologies from $85.00 to $77.00 and set a “buy” rating on the stock in a report on Thursday, July 28th. Morgan Stanley reduced their target price on shares of SS&C Technologies from $75.00 to $65.00 and set an “equal weight” rating for the company in a research report on Thursday, July 28th. Finally, DA Davidson lowered their price target on shares of SS&C Technologies from $92.00 to $82.00 in a research report on Thursday, July 28th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, SS&C Technologies has an average rating of “Buy” and a consensus price target of $79.50.

Insider Buying and Selling

In other SS&C Technologies news, COO Rahul Kanwar sold 46,700 shares of the company’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $63.06, for a total transaction of $2,944,902.00. Following the transaction, the chief operating officer now directly owns 50,000 shares in the company, valued at $3,153,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 14.90% of the stock is currently owned by corporate insiders.

SS&C Technologies Stock Down 4.9 %

Shares of NASDAQ SSNC opened at $54.64 on Wednesday. SS&C Technologies Holdings, Inc. has a 1 year low of $54.32 and a 1 year high of $84.85. The company has a market capitalization of $13.93 billion, a P/E ratio of 20.31 and a beta of 1.46. The company has a 50 day simple moving average of $59.27 and a 200-day simple moving average of $64.52. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.11 and a quick ratio of 1.11.

SS&C Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st will be issued a $0.20 dividend. The ex-dividend date is Wednesday, August 31st. This represents a $0.80 annualized dividend and a dividend yield of 1.46%. SS&C Technologies’s dividend payout ratio is currently 29.74%.

SS&C Technologies Company Profile

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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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