O Brien Greene & Co. Inc Trims Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

O Brien Greene & Co. Inc trimmed its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 101,348 shares of the technology company’s stock after selling 286 shares during the period. SS&C Technologies accounts for approximately 2.2% of O Brien Greene & Co. Inc’s portfolio, making the stock its 19th biggest position. O Brien Greene & Co. Inc’s holdings in SS&C Technologies were worth $6,193,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Carret Asset Management LLC grew its holdings in shares of SS&C Technologies by 2.5% during the fourth quarter. Carret Asset Management LLC now owns 7,070 shares of the technology company’s stock worth $432,000 after purchasing an additional 175 shares during the last quarter. SkyView Investment Advisors LLC increased its position in SS&C Technologies by 4.0% during the third quarter. SkyView Investment Advisors LLC now owns 4,963 shares of the technology company’s stock worth $261,000 after buying an additional 192 shares during the period. AlphaMark Advisors LLC lifted its stake in SS&C Technologies by 2.1% in the fourth quarter. AlphaMark Advisors LLC now owns 9,240 shares of the technology company’s stock valued at $565,000 after buying an additional 194 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of SS&C Technologies by 0.3% in the fourth quarter. Arizona State Retirement System now owns 61,366 shares of the technology company’s stock valued at $3,750,000 after acquiring an additional 196 shares during the period. Finally, Argent Trust Co grew its position in shares of SS&C Technologies by 1.4% during the third quarter. Argent Trust Co now owns 19,040 shares of the technology company’s stock worth $1,000,000 after acquiring an additional 256 shares during the last quarter. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. UBS Group upped their price target on shares of SS&C Technologies from $72.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Royal Bank of Canada upped their target price on shares of SS&C Technologies from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. Needham & Company LLC raised their price target on SS&C Technologies from $70.00 to $74.00 and gave the stock a “buy” rating in a report on Friday. DA Davidson reaffirmed a “buy” rating and set a $78.00 price objective on shares of SS&C Technologies in a research note on Tuesday, April 16th. Finally, Truist Financial increased their price objective on SS&C Technologies from $55.00 to $60.00 and gave the stock a “hold” rating in a research report on Wednesday, February 14th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, SS&C Technologies has a consensus rating of “Moderate Buy” and an average price target of $71.22.

SS&C Technologies Price Performance

SSNC stock opened at $61.24 on Friday. The stock has a market capitalization of $15.14 billion, a price-to-earnings ratio of 24.40 and a beta of 1.43. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a 52-week low of $46.61 and a 52-week high of $65.86. The stock’s fifty day simple moving average is $62.82 and its 200-day simple moving average is $59.08.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Tuesday, February 13th. The technology company reported $1.13 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.13. SS&C Technologies had a return on equity of 17.24% and a net margin of 11.46%. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.39 billion. Equities research analysts expect that SS&C Technologies Holdings, Inc. will post 4.61 EPS for the current year.

SS&C Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date was Thursday, February 29th. SS&C Technologies’s dividend payout ratio is currently 38.25%.

SS&C Technologies Profile

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.