SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by O Brien Greene & Co. Inc

O Brien Greene & Co. Inc reduced its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 94.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,614 shares of the technology company’s stock after selling 95,304 shares during the quarter. O Brien Greene & Co. Inc’s holdings in SS&C Technologies were worth $352,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SSNC. EverSource Wealth Advisors LLC grew its holdings in shares of SS&C Technologies by 14.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,292 shares of the technology company’s stock worth $79,000 after acquiring an additional 166 shares during the last quarter. Quent Capital LLC raised its holdings in shares of SS&C Technologies by 76.8% during the first quarter. Quent Capital LLC now owns 396 shares of the technology company’s stock worth $25,000 after acquiring an additional 172 shares in the last quarter. Scotia Capital Inc. boosted its position in SS&C Technologies by 0.3% during the fourth quarter. Scotia Capital Inc. now owns 55,124 shares of the technology company’s stock valued at $3,369,000 after purchasing an additional 191 shares during the last quarter. Graypoint LLC grew its stake in SS&C Technologies by 2.6% in the first quarter. Graypoint LLC now owns 8,230 shares of the technology company’s stock valued at $530,000 after purchasing an additional 207 shares in the last quarter. Finally, Yousif Capital Management LLC increased its position in SS&C Technologies by 4.9% in the 1st quarter. Yousif Capital Management LLC now owns 4,477 shares of the technology company’s stock worth $288,000 after purchasing an additional 211 shares during the last quarter. Institutional investors own 96.95% of the company’s stock.

SS&C Technologies Price Performance

NASDAQ:SSNC opened at $75.53 on Wednesday. The company has a fifty day moving average price of $71.03 and a 200 day moving average price of $65.41. SS&C Technologies Holdings, Inc. has a one year low of $46.61 and a one year high of $75.86. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market cap of $18.68 billion, a P/E ratio of 30.09 and a beta of 1.38.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, July 25th. The technology company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.07. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.43 billion. SS&C Technologies had a return on equity of 17.43% and a net margin of 12.33%. SS&C Technologies’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 earnings per share. Analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.66 earnings per share for the current year.

SS&C Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.25 per share. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.32%. SS&C Technologies’s dividend payout ratio (DPR) is currently 39.84%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SSNC shares. Royal Bank of Canada boosted their price target on SS&C Technologies from $72.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Needham & Company LLC boosted their target price on shares of SS&C Technologies from $74.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, DA Davidson raised their price target on shares of SS&C Technologies from $84.00 to $88.00 and gave the company a “buy” rating in a report on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $70.75.

Insider Activity

In related news, COO Rahul Kanwar sold 412,190 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $73.13, for a total value of $30,143,454.70. Following the sale, the chief operating officer now owns 57,642 shares of the company’s stock, valued at approximately $4,215,359.46. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, COO Rahul Kanwar sold 412,190 shares of SS&C Technologies stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $73.13, for a total transaction of $30,143,454.70. Following the completion of the transaction, the chief operating officer now directly owns 57,642 shares of the company’s stock, valued at approximately $4,215,359.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Smita Conjeevaram sold 48,500 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $70.82, for a total transaction of $3,434,770.00. Following the sale, the director now directly owns 9,576 shares in the company, valued at $678,172.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 590,690 shares of company stock worth $43,377,625. Company insiders own 15.40% of the company’s stock.

About SS&C Technologies

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.