Oppenheimer Asset Management Inc. Decreases Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Oppenheimer Asset Management Inc. decreased its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 37.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Steward Partners Investment Advisory LLC boosted its position in shares of SS&C Technologies by 16.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the technology company's stock worth $67,000 after buying an additional 123 shares during the period. EP Wealth Advisors LLC lifted its stake in shares of SS&C Technologies by 2.0% in the fourth quarter. EP Wealth Advisors LLC now owns 7,003 shares of the technology company's stock worth $531,000 after acquiring an additional 139 shares in the last quarter. Global X Japan Co. Ltd. lifted its stake in shares of SS&C Technologies by 16.1% in the first quarter. Global X Japan Co. Ltd. now owns 1,011 shares of the technology company's stock worth $84,000 after acquiring an additional 140 shares in the last quarter. Global Retirement Partners LLC lifted its stake in shares of SS&C Technologies by 11.8% in the fourth quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company's stock worth $107,000 after acquiring an additional 149 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of SS&C Technologies by 15.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,163 shares of the technology company's stock worth $88,000 after acquiring an additional 158 shares in the last quarter. Hedge funds and other institutional investors own 96.95% of the company's stock.

Insider Transactions at SS&C Technologies

In related news, Director Jonathan E. Michael purchased 2,700 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were acquired at an average cost of $75.53 per share, for a total transaction of $203,931.00. Following the transaction, the director now owns 72,776 shares of the company's stock, valued at $5,496,771.28. This trade represents a 3.85% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Jay Zamkow sold 12,500 shares of the stock in a transaction that occurred 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 sale, the director now owns 12,476 shares in the company, valued at $997,081.92. The trade was a 50.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 16.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Needham & Company LLC cut their price target on 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. Wall Street Zen upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. DA Davidson cut their price target on SS&C Technologies from $100.00 to $94.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $86.00 price target (down previously from $90.00) on shares of SS&C Technologies in a research note on Friday, April 25th. Finally, Raymond James Financial cut their price target on SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating on the stock in a research note on Friday, April 25th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, SS&C Technologies presently has a consensus rating of "Buy" and an average price target of $91.86.

SS&C Technologies Trading Up 0.7%

Shares of NASDAQ SSNC opened at $81.84 on Friday. The stock's 50 day moving average price is $78.97 and its two-hundred day moving average price is $80.01. SS&C Technologies Holdings, Inc. has a 52-week low of $61.13 and a 52-week high of $89.73. The stock has a market capitalization of $20.19 billion, a P/E ratio of 25.42 and a beta of 1.24. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.00.

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 (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.03. SS&C Technologies had a return on equity of 18.68% and a net margin of 13.69%. The firm had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same quarter in the prior year, the firm posted $1.28 earnings per share. SS&C Technologies's revenue for the quarter was up 5.5% compared to the same quarter last year. On average, analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date was Monday, June 2nd. SS&C Technologies's payout ratio is 31.06%.

SS&C Technologies Company Profile

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.

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