OMERS ADMINISTRATION Corp Lowers Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

OMERS ADMINISTRATION Corp reduced its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 26.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,908 shares of the technology company's stock after selling 9,622 shares during the period. OMERS ADMINISTRATION Corp's holdings in SS&C Technologies were worth $2,039,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Truist Financial Corp raised its position in shares of SS&C Technologies by 82.0% in the fourth quarter. Truist Financial Corp now owns 19,078 shares of the technology company's stock worth $1,446,000 after acquiring an additional 8,598 shares during the period. Thompson Siegel & Walmsley LLC increased its stake in shares of SS&C Technologies by 993.0% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 355,286 shares of the technology company's stock valued at $26,924,000 after purchasing an additional 322,781 shares in the last quarter. ZWJ Investment Counsel Inc. raised its holdings in SS&C Technologies by 3.5% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 330,352 shares of the technology company's stock worth $25,034,000 after purchasing an additional 11,077 shares during the period. Swedbank AB boosted its position in SS&C Technologies by 17.5% during the fourth quarter. Swedbank AB now owns 1,753,236 shares of the technology company's stock worth $132,860,000 after purchasing an additional 261,275 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in SS&C Technologies by 2,569.3% in the fourth quarter. Empowered Funds LLC now owns 108,054 shares of the technology company's stock valued at $8,188,000 after purchasing an additional 104,006 shares during the period. 96.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SSNC has been the subject of several research analyst reports. Raymond James reduced their target price on 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. JPMorgan Chase & Co. restated a "neutral" rating and set a $86.00 price objective (down from $90.00) on shares of SS&C Technologies in a research report on Friday, April 25th. Royal Bank of Canada increased their price objective on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a report on Friday, February 7th. DA Davidson cut their target price on shares of SS&C Technologies from $100.00 to $94.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Finally, Needham & Company LLC reduced their price target on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, April 25th. One investment 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 company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $91.86.

Insider Activity

In related news, Director Michael Jay Zamkow sold 23,000 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the completion of the sale, the director now directly owns 23,200 shares in the company, valued at approximately $2,050,648. This trade represents a 49.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan E. Michael purchased 2,700 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was purchased at an average cost of $75.53 per share, with a total value of $203,931.00. Following the purchase, the director now owns 72,776 shares in the company, valued at approximately $5,496,771.28. This trade represents a 3.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 16.40% of the company's stock.

SS&C Technologies Price Performance

Shares of SS&C Technologies stock traded down $1.06 during trading hours on Wednesday, reaching $79.34. 177,607 shares of the company's stock were exchanged, compared to its average volume of 1,308,100. The business has a fifty day moving average of $78.38 and a two-hundred day moving average of $79.05. The company has a market capitalization of $19.57 billion, a P/E ratio of 26.44 and a beta of 1.24. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a 1 year low of $60.01 and a 1 year high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.03. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.50 billion. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. SS&C Technologies's quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.28 earnings per share. As a group, research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

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.