Quad Cities Investment Group LLC bought a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 740 shares of the technology company’s stock, valued at approximately $48,000.
Other institutional investors have also recently made changes to their positions in the company. Prime Capital Investment Advisors LLC acquired a new stake in SS&C Technologies in the 4th quarter valued at approximately $26,000. Meeder Asset Management Inc. acquired a new stake in SS&C Technologies in the 4th quarter valued at approximately $36,000. CWM LLC raised its position in SS&C Technologies by 115.6% in the 4th quarter. CWM LLC now owns 873 shares of the technology company’s stock valued at $39,000 after buying an additional 468 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in SS&C Technologies in the 4th quarter valued at approximately $49,000. Finally, Csenge Advisory Group acquired a new stake in SS&C Technologies in the 3rd quarter valued at approximately $81,000. 83.99% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ SSNC traded down $0.35 during midday trading on Friday, hitting $60.00. 1,750,882 shares of the company’s stock were exchanged, compared to its average volume of 1,705,315. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.78. SS&C Technologies Holdings, Inc. has a 12 month low of $40.96 and a 12 month high of $67.73. The company has a market capitalization of $15.13 billion, a P/E ratio of 22.90, a P/E/G ratio of 1.56 and a beta of 1.22.
In other news, CFO Patrick J. Pedonti sold 157,500 shares of SS&C Technologies stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $59.41, for a total transaction of $9,357,075.00. Following the completion of the transaction, the chief financial officer now directly owns 57,500 shares in the company, valued at approximately $3,416,075. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 14.50% of the company’s stock.
A number of brokerages recently issued reports on SSNC. DA Davidson lifted their target price on SS&C Technologies from $64.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Credit Suisse Group boosted their price target on SS&C Technologies from $68.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday. Needham & Company LLC reaffirmed a “strong-buy” rating and set a $77.00 price target (up previously from $75.00) on shares of SS&C Technologies in a research report on Wednesday. Jefferies Financial Group lowered SS&C Technologies from a “buy” rating to a “hold” rating and boosted their price target for the stock from $58.00 to $64.00 in a research report on Wednesday. Finally, BidaskClub raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 20th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and four have assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $70.00.
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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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