Janney Montgomery Scott LLC increased its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) by 3.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 48,009 shares of the technology company’s stock after buying an additional 1,727 shares during the quarter. Janney Montgomery Scott LLC’s holdings in SS&C Technologies were worth $3,638,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in SSNC. Janus Henderson Group PLC increased its stake in shares of SS&C Technologies by 5.4% during the 3rd quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company’s stock worth $1,191,774,000 after purchasing an additional 817,501 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in SS&C Technologies by 250.9% during the third quarter. Point72 Asset Management L.P. now owns 593,700 shares of the technology company’s stock valued at $44,058,000 after purchasing an additional 424,487 shares during the period. Two Sigma Advisers LP increased its position in SS&C Technologies by 433.9% in the third quarter. Two Sigma Advisers LP now owns 415,400 shares of the technology company’s stock worth $30,827,000 after buying an additional 337,600 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of SS&C Technologies by 44.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 897,198 shares of the technology company’s stock valued at $66,581,000 after buying an additional 275,186 shares during the period. Finally, Walleye Capital LLC lifted its position in shares of SS&C Technologies by 933.2% during the 3rd quarter. Walleye Capital LLC now owns 231,134 shares of the technology company’s stock valued at $17,152,000 after buying an additional 208,763 shares during the last quarter. Institutional investors own 96.95% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the company. Raymond James boosted their price objective on SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. StockNews.com cut shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. DA Davidson reiterated a “buy” rating and issued a $92.00 price objective on shares of SS&C Technologies in a research note on Thursday, October 10th. Finally, Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of SS&C Technologies in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.75.
SS&C Technologies Stock Up 1.2 %
Shares of NASDAQ:SSNC opened at $81.22 on Friday. The firm has a fifty day moving average price of $77.05 and a two-hundred day moving average price of $74.35. The company has a market cap of $20.12 billion, a price-to-earnings ratio of 29.11 and a beta of 1.37. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. SS&C Technologies Holdings, Inc. has a one year low of $59.53 and a one year high of $81.81.
SS&C Technologies Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.23%. The ex-dividend date was Monday, December 2nd. SS&C Technologies’s dividend payout ratio is 35.84%.
Insider Buying and Selling
In other SS&C Technologies news, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the completion of the sale, the senior vice president now owns 6,412 shares of the company’s stock, valued at $494,172.84. The trade was a 91.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William C. Stone sold 247,300 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $76.61, for a total value of $18,945,653.00. Following the completion of the sale, the chief executive officer now directly owns 31,837,926 shares of the company’s stock, valued at approximately $2,439,103,510.86. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 449,000 shares of company stock worth $34,461,478 over the last ninety days. 15.40% of the stock is owned by corporate insiders.
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.
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