Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 52,346 shares of the technology company’s stock, valued at approximately $3,537,000.
Other large investors also recently modified their holdings of the company. Havemeyer Place LP bought a new position in shares of SS&C Technologies during the 4th quarter worth approximately $26,000. EFG International AG bought a new stake in SS&C Technologies in the fourth quarter valued at $29,000. V Square Quantitative Management LLC bought a new stake in SS&C Technologies in the fourth quarter valued at $37,000. Osterweis Capital Management Inc. acquired a new position in SS&C Technologies during the second quarter worth $40,000. Finally, Fifth Third Bancorp raised its stake in SS&C Technologies by 216.4% during the fourth quarter. Fifth Third Bancorp now owns 481 shares of the technology company’s stock worth $42,000 after acquiring an additional 329 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.
SS&C Technologies Price Performance
Shares of SSNC stock opened at $77.17 on Friday. SS&C Technologies Holdings, Inc. has a 52 week low of $61.40 and a 52 week high of $91.07. The stock has a market capitalization of $18.58 billion, a PE ratio of 22.18 and a beta of 1.11. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.10 and a current ratio of 1.10. The stock’s fifty day moving average is $67.79 and its 200-day moving average is $71.21.
SS&C Technologies Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders 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 dividend yield of 1.4%. The ex-dividend date was Monday, June 1st. SS&C Technologies’s dividend payout ratio is presently 31.03%.
Insider Activity at SS&C Technologies
In related news, Director Michael Jay Zamkow sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $66.68, for a total value of $200,040.00. Following the completion of the sale, the director owned 18,404 shares of the company’s stock, valued at $1,227,178.72. This trade represents a 14.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jonathan E. Michael sold 2,740 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $66.86, for a total transaction of $183,196.40. Following the completion of the transaction, the director owned 79,384 shares of the company’s stock, valued at $5,307,614.24. This trade represents a 3.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 8,740 shares of company stock worth $583,576 over the last three months. 16.00% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
SSNC has been the topic of several recent analyst reports. UBS Group boosted 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 note on Friday, April 24th. Weiss Ratings cut shares of SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. Morgan Stanley cut their price target on shares of SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating for the company in a report on Friday, April 24th. Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of SS&C Technologies in a research report on Friday, July 24th. Finally, DA Davidson reaffirmed a “buy” rating and set a $96.00 price objective on shares of SS&C Technologies in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.25.
Read Our Latest Analysis on SSNC
SS&C Technologies Company Profile
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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