4,812 Shares in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Bought by Sylvest Advisors LLC

Sylvest Advisors LLC purchased a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,812 shares of the technology company’s stock, valued at approximately $365,000.

A number of other hedge funds also recently made changes to their positions in SSNC. Marshall Wace LLP lifted its position in shares of SS&C Technologies by 42.8% during the 2nd quarter. Marshall Wace LLP now owns 8,741 shares of the technology company’s stock worth $548,000 after buying an additional 2,618 shares during the period. Creative Planning raised its stake in SS&C Technologies by 9.9% during the second quarter. Creative Planning now owns 8,131 shares of the technology company’s stock worth $510,000 after acquiring an additional 735 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of SS&C Technologies by 285.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,237 shares of the technology company’s stock valued at $140,000 after acquiring an additional 1,657 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of SS&C Technologies in the 2nd quarter valued at $1,904,000. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of SS&C Technologies by 183.9% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 10,225 shares of the technology company’s stock worth $641,000 after purchasing an additional 6,624 shares during the last quarter. Institutional investors and hedge funds own 96.95% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on SSNC. Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of SS&C Technologies in a research report on Friday, October 25th. StockNews.com downgraded SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. Raymond James raised their price target on SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. Finally, DA Davidson reiterated a “buy” rating and issued a $92.00 price objective on shares of SS&C Technologies in a research report on Thursday, October 10th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given 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 $77.75.

Insider Buying and Selling

In other SS&C Technologies news, SVP Jason Douglas White sold 69,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total value of $5,317,830.00. Following the transaction, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at approximately $494,172.84. This trade represents a 91.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William C. Stone sold 132,700 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $76.85, for a total transaction of $10,197,995.00. Following the sale, the chief executive officer now owns 31,837,926 shares of the company’s stock, valued at $2,446,744,613.10. The trade was a 0.42 % 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 three months. 15.40% of the stock is currently owned by company insiders.

SS&C Technologies Stock Down 0.3 %

Shares of SSNC opened at $80.95 on Friday. The business’s fifty day moving average price is $77.15 and its two-hundred day moving average price is $74.50. The firm has a market capitalization of $20.05 billion, a price-to-earnings ratio of 29.01 and a beta of 1.37. SS&C Technologies Holdings, Inc. has a 52 week low of $59.53 and a 52 week high of $81.92. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21.

SS&C Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.24%. The ex-dividend date was Monday, December 2nd. SS&C Technologies’s dividend payout ratio is 35.84%.

About SS&C Technologies

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.