OLD National Bancorp IN Sells 4,525 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

OLD National Bancorp IN lowered its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 43.7% in the 4th quarter, HoldingsChannel reports. The firm owned 5,827 shares of the technology company’s stock after selling 4,525 shares during the quarter. OLD National Bancorp IN’s holdings in SS&C Technologies were worth $356,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nordea Investment Management AB lifted its stake in shares of SS&C Technologies by 127.0% in the 4th quarter. Nordea Investment Management AB now owns 242,712 shares of the technology company’s stock valued at $14,839,000 after acquiring an additional 135,775 shares during the last quarter. GHP Investment Advisors Inc. lifted its stake in shares of SS&C Technologies by 22.8% in the 4th quarter. GHP Investment Advisors Inc. now owns 104,210 shares of the technology company’s stock valued at $6,368,000 after acquiring an additional 19,374 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. bought a new stake in shares of SS&C Technologies in the 4th quarter valued at about $2,388,000. Mackenzie Financial Corp lifted its stake in shares of SS&C Technologies by 18.8% in the 4th quarter. Mackenzie Financial Corp now owns 1,017,953 shares of the technology company’s stock valued at $62,207,000 after acquiring an additional 161,165 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of SS&C Technologies by 5.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,352,557 shares of the technology company’s stock valued at $71,063,000 after acquiring an additional 68,359 shares during the last quarter. Institutional investors own 96.95% of the company’s stock.

SS&C Technologies Stock Up 0.9 %

SSNC stock opened at $61.54 on Thursday. SS&C Technologies Holdings, Inc. has a fifty-two week low of $46.61 and a fifty-two week high of $65.86. The business’s 50 day moving average price is $62.91 and its two-hundred day moving average price is $59.05. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $15.21 billion, a price-to-earnings ratio of 25.86 and a beta of 1.43.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Tuesday, February 13th. The technology company reported $1.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.13. SS&C Technologies had a return on equity of 16.74% and a net margin of 11.03%. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.39 billion. As a group, analysts forecast that SS&C Technologies Holdings, Inc. will post 4.61 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $0.24 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.56%. SS&C Technologies’s dividend payout ratio (DPR) is 40.34%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 29th. DA Davidson restated a “buy” rating and set a $78.00 price target on shares of SS&C Technologies in a report on Tuesday, April 16th. TheStreet upgraded SS&C Technologies from a “c+” rating to a “b” rating in a report on Friday, February 23rd. UBS Group boosted their price target on SS&C Technologies from $72.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Finally, Citigroup boosted their price target on SS&C Technologies from $70.00 to $71.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, SS&C Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $70.78.

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.