Corient Private Wealth LLC Sells 818 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Corient Private Wealth LLC lowered its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNCFree Report) by 9.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,663 shares of the technology company’s stock after selling 818 shares during the quarter. Corient Private Wealth LLC’s holdings in SS&C Technologies were worth $468,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Headinvest LLC bought a new position in SS&C Technologies in the third quarter worth approximately $26,000. Operose Advisors LLC bought a new position in SS&C Technologies in the third quarter worth approximately $34,000. Cary Street Partners Investment Advisory LLC bought a new stake in SS&C Technologies during the 3rd quarter valued at $53,000. Fortis Group Advisors LLC bought a new stake in SS&C Technologies during the 3rd quarter valued at $53,000. Finally, Principal Securities Inc. bought a new stake in SS&C Technologies during the 4th quarter valued at $53,000. Institutional investors own 96.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SSNC shares. DA Davidson restated a “buy” rating and set a $78.00 target price on shares of SS&C Technologies in a research note on Tuesday, April 16th. Truist Financial boosted their target price on SS&C Technologies from $55.00 to $60.00 and gave the stock a “hold” rating in a research note on Wednesday, February 14th. Needham & Company LLC boosted their target price on SS&C Technologies from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. UBS Group boosted their price target on SS&C Technologies from $72.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. Finally, Jefferies Financial Group boosted their price target on SS&C Technologies from $54.00 to $61.00 and gave the company a “hold” rating in a research note on Monday, April 29th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $70.20.

Check Out Our Latest Report on SSNC

Insider Buying and Selling

In related news, Director Michael Jay Zamkow sold 10,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $61.92, for a total value of $619,200.00. Following the completion of the transaction, the director now owns 38,000 shares of the company’s stock, valued at approximately $2,352,960. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders sold 25,000 shares of company stock valued at $1,574,300. 15.40% of the stock is owned by company insiders.

SS&C Technologies Stock Performance

Shares of SSNC stock opened at $62.07 on Friday. The stock has a market cap of $15.35 billion, a PE ratio of 24.73 and a beta of 1.37. The business has a 50-day simple moving average of $62.18 and a 200-day simple moving average of $61.29. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.02. SS&C Technologies Holdings, Inc. has a 52-week low of $46.61 and a 52-week high of $65.86.

SS&C Technologies (NASDAQ:SSNCGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.03. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. SS&C Technologies had a return on equity of 17.10% and a net margin of 11.46%. On average, equities analysts expect that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current year.

SS&C Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be issued a $0.24 dividend. The ex-dividend date is Monday, June 3rd. This represents a $0.96 dividend on an annualized basis and a yield of 1.55%. SS&C Technologies’s payout ratio is 38.25%.

SS&C Technologies Profile

(Free Report)

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 comprising 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 consisting of claims adjudication, benefit management, care management, and business intelligence solutions.

See Also

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

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