Koss Olinger Consulting LLC Invests $1.23 Million in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Koss Olinger Consulting LLC purchased a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,287 shares of the technology company's stock, valued at approximately $1,234,000.

Other large investors have also added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new stake in shares of SS&C Technologies during the 4th quarter worth approximately $39,000. Parkside Financial Bank & Trust grew its holdings in SS&C Technologies by 76.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock valued at $40,000 after purchasing an additional 229 shares during the period. Financial Perspectives Inc purchased a new stake in SS&C Technologies in the fourth quarter worth $51,000. Rialto Wealth Management LLC bought a new stake in shares of SS&C Technologies in the fourth quarter valued at $64,000. Finally, CENTRAL TRUST Co purchased a new position in shares of SS&C Technologies during the 4th quarter valued at $65,000. Hedge funds and other institutional investors own 96.95% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SSNC shares. Jefferies Financial Group raised SS&C Technologies from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. DA Davidson boosted their price target on shares of SS&C Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research report on Monday, February 10th. StockNews.com raised shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday, February 10th. Needham & Company LLC boosted their target price on shares of SS&C Technologies from $90.00 to $105.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, UBS Group increased their target price on SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $97.50.

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SS&C Technologies Price Performance

Shares of SSNC traded up $0.01 during trading hours on Friday, reaching $82.35. 3,080,527 shares of the company's stock traded hands, compared to its average volume of 1,171,732. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The firm's 50 day simple moving average is $83.61 and its 200-day simple moving average is $77.90. The stock has a market cap of $20.30 billion, a PE ratio of 27.45 and a beta of 1.36. SS&C Technologies Holdings, Inc. has a 12 month low of $59.63 and a 12 month high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.09. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. Equities analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.21%. SS&C Technologies's dividend payout ratio (DPR) is currently 33.33%.

Insider Buying and Selling at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total value of $2,032,970.00. Following the transaction, the director now directly owns 23,200 shares of the company's stock, valued at $2,050,648. The trade was a 49.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jason Douglas White sold 71,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the sale, the senior vice president now directly owns 6,412 shares of the company's stock, valued at $570,411.52. The trade was a 91.72 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 15.40% of the company's stock.

SS&C Technologies Profile

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.