Oakbrook Investments LLC lessened its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 37.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,000 shares of the technology company’s stock after selling 10,750 shares during the period. Oakbrook Investments LLC’s holdings in SS&C Technologies were worth $1,146,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Prime Capital Investment Advisors LLC acquired a new stake in shares of SS&C Technologies during the fourth quarter worth $26,000. Quad Cities Investment Group LLC acquired a new stake in shares of SS&C Technologies during the first quarter worth $48,000. Meeder Asset Management Inc. acquired a new stake in shares of SS&C Technologies during the fourth quarter worth $36,000. CWM LLC raised its position in shares of SS&C Technologies by 115.6% during the fourth quarter. CWM LLC now owns 873 shares of the technology company’s stock worth $39,000 after purchasing an additional 468 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in shares of SS&C Technologies during the fourth quarter worth $49,000. 83.99% of the stock is currently owned by institutional investors.
Shares of SSNC stock opened at $64.21 on Friday. SS&C Technologies Holdings, Inc. has a 1-year low of $40.96 and a 1-year high of $66.30. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.78. The firm has a market cap of $16.19 billion, a PE ratio of 24.51, a price-to-earnings-growth ratio of 1.48 and a beta of 1.22.
In other SS&C Technologies news, CFO Patrick J. Pedonti sold 157,500 shares of the business’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $59.41, for a total value of $9,357,075.00. Following the transaction, the chief financial officer now owns 57,500 shares in the company, valued at $3,416,075. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 14.50% of the company’s stock.
SSNC has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. set a $70.00 target price on SS&C Technologies and gave the stock a “buy” rating in a research report on Friday, February 15th. Zacks Investment Research lowered SS&C Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. UBS Group lowered their price target on SS&C Technologies from $63.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, January 8th. Royal Bank of Canada lifted their price target on SS&C Technologies to $70.00 and gave the company an “outperform” rating in a report on Friday, February 15th. Finally, Buckingham Research began coverage on SS&C Technologies in a report on Thursday, January 24th. They set a “buy” rating and a $65.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and four have issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $68.60.
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SS&C Technologies Company Profile
SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services and healthcare industries in the United States, Canada, rest of the Americas, Europe, the Asia Pacific, and Japan. The company's products and services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, including portfolio management and reporting; and back-office functions comprising accounting, transfer agency, compliance, regulatory services, performance measurement, reconciliation, reporting, processing, and clearing.
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