SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Stock Position Raised by Sanctuary Advisors LLC

Sanctuary Advisors LLC boosted its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 6.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,422 shares of the technology company’s stock after acquiring an additional 2,047 shares during the period. Sanctuary Advisors LLC’s holdings in SS&C Technologies were worth $2,877,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SSNC. Blue Trust Inc. boosted its position in SS&C Technologies by 557.0% during the 3rd quarter. Blue Trust Inc. now owns 1,971 shares of the technology company’s stock valued at $146,000 after purchasing an additional 1,671 shares during the period. Foundations Investment Advisors LLC bought a new stake in SS&C Technologies in the third quarter valued at $228,000. International Assets Investment Management LLC boosted its holdings in shares of SS&C Technologies by 7,320.0% during the third quarter. International Assets Investment Management LLC now owns 2,226 shares of the technology company’s stock valued at $165,000 after acquiring an additional 2,196 shares during the period. Hennion & Walsh Asset Management Inc. bought a new position in shares of SS&C Technologies during the third quarter worth about $213,000. Finally, IFM Investors Pty Ltd increased its holdings in shares of SS&C Technologies by 3.4% in the 3rd quarter. IFM Investors Pty Ltd now owns 48,851 shares of the technology company’s stock worth $3,625,000 after acquiring an additional 1,605 shares during the period. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Jason Douglas White sold 69,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total value of $5,317,830.00. Following the completion of the transaction, the senior vice president now owns 6,412 shares in the company, valued at $494,172.84. This trade represents a 91.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William C. Stone sold 132,700 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $76.85, for a total value of $10,197,995.00. Following the sale, the chief executive officer now owns 31,837,926 shares in the company, valued at approximately $2,446,744,613.10. The trade was a 0.42 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 520,000 shares of company stock worth $40,777,638. Corporate insiders own 15.40% of the company’s stock.

SS&C Technologies Stock Down 0.6 %

SSNC opened at $88.60 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market capitalization of $21.94 billion, a PE ratio of 29.53 and a beta of 1.38. The stock’s fifty day moving average is $80.04 and its 200-day moving average is $76.24. SS&C Technologies Holdings, Inc. has a one year low of $59.63 and a one year high of $89.50.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 EPS 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%. On average, equities analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.13%. The ex-dividend date is Monday, March 3rd. SS&C Technologies’s dividend payout ratio is presently 33.33%.

Wall Street Analyst Weigh In

SSNC has been the subject of a number of analyst reports. Royal Bank of Canada boosted their target price on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. StockNews.com upgraded SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 10th. DA Davidson raised their target price on SS&C Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Raymond James boosted their price target on SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 7th. Finally, UBS Group raised their price target on SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $97.50.

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.