Oppenheimer Asset Management Inc. lessened its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 37.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,880 shares of the technology company's stock after selling 12,156 shares during the period. Oppenheimer Asset Management Inc.'s holdings in SS&C Technologies were worth $1,661,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in SSNC. Boston Partners raised its stake in SS&C Technologies by 283.1% during the fourth quarter. Boston Partners now owns 5,279,386 shares of the technology company's stock valued at $400,161,000 after purchasing an additional 3,901,227 shares in the last quarter. Norges Bank bought a new stake in shares of SS&C Technologies in the 4th quarter worth about $205,475,000. Bank of America Corp DE lifted its holdings in shares of SS&C Technologies by 64.9% in the 4th quarter. Bank of America Corp DE now owns 2,235,142 shares of the technology company's stock valued at $169,379,000 after acquiring an additional 880,058 shares during the last quarter. Senator Investment Group LP lifted its holdings in shares of SS&C Technologies by 133.7% in the 4th quarter. Senator Investment Group LP now owns 1,519,175 shares of the technology company's stock valued at $115,123,000 after acquiring an additional 869,175 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in SS&C Technologies by 52.4% in the fourth quarter. AQR Capital Management LLC now owns 2,270,232 shares of the technology company's stock worth $172,038,000 after acquiring an additional 780,616 shares in the last quarter. Hedge funds and other institutional investors own 96.95% of the company's stock.
Insider Buying and Selling at SS&C Technologies
In other SS&C Technologies news, Director Michael Jay Zamkow sold 12,500 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $79.92, for a total value of $999,000.00. Following the completion of the sale, the director directly owned 12,476 shares in the company, valued at approximately $997,081.92. This represents a 50.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jonathan E. Michael purchased 2,700 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were purchased at an average price of $75.53 per share, for a total transaction of $203,931.00. Following the purchase, the director owned 72,776 shares of the company's stock, valued at approximately $5,496,771.28. This trade represents a 3.85% increase in their position. The disclosure for this purchase can be found here. Company insiders own 16.40% of the company's stock.
SS&C Technologies Trading Up 0.6%
Shares of NASDAQ:SSNC traded up $0.52 on Tuesday, hitting $83.32. 1,042,859 shares of the company's stock were exchanged, compared to its average volume of 1,322,330. The stock has a market capitalization of $20.55 billion, a price-to-earnings ratio of 25.88 and a beta of 1.24. SS&C Technologies Holdings, Inc. has a 12 month low of $61.13 and a 12 month high of $89.73. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.11 and a quick ratio of 1.11. The business's 50 day simple moving average is $79.32 and its two-hundred day simple moving average is $80.12.
SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The technology company reported $1.44 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.03. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. SS&C Technologies had a net margin of 13.69% and a return on equity of 18.68%. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $1.28 EPS. Analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.
SS&C Technologies Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.25 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.00 annualized dividend and a yield of 1.20%. SS&C Technologies's dividend payout ratio (DPR) is currently 31.06%.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the company. Wall Street Zen raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. DA Davidson lowered their price target on SS&C Technologies from $100.00 to $94.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Raymond James Financial dropped their price objective on shares of SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating for the company in a research note on Friday, April 25th. Needham & Company LLC reduced their target price on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $86.00 price target (down from $90.00) on shares of SS&C Technologies in a research note on Friday, April 25th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $91.86.
Read Our Latest Report on SSNC
SS&C Technologies Company Profile
(
Free Report)
SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.
Further Reading

Before you consider SS&C Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SS&C Technologies wasn't on the list.
While SS&C Technologies currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Get This Free Report