Tectonic Advisors LLC Acquires 326 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Tectonic Advisors LLC raised its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 4.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,390 shares of the technology company’s stock after purchasing an additional 326 shares during the period. Tectonic Advisors LLC’s holdings in SS&C Technologies were worth $560,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Toronto Dominion Bank boosted its stake in shares of SS&C Technologies by 26.4% in the third quarter. Toronto Dominion Bank now owns 32,136 shares of the technology company’s stock valued at $2,385,000 after buying an additional 6,721 shares during the period. State Street Corp raised its holdings in SS&C Technologies by 2.2% in the 3rd quarter. State Street Corp now owns 5,624,174 shares of the technology company’s stock valued at $417,370,000 after acquiring an additional 121,223 shares in the last quarter. ZWJ Investment Counsel Inc. lifted its position in shares of SS&C Technologies by 3.5% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 330,352 shares of the technology company’s stock valued at $25,034,000 after acquiring an additional 11,077 shares during the period. Benson Investment Management Company Inc. acquired a new stake in shares of SS&C Technologies during the 4th quarter worth $5,578,000. Finally, Swedbank AB increased its position in shares of SS&C Technologies by 17.5% in the fourth quarter. Swedbank AB now owns 1,753,236 shares of the technology company’s stock worth $132,860,000 after purchasing an additional 261,275 shares during the period. Institutional investors and hedge funds own 96.95% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SSNC shares. DA Davidson reiterated a “buy” rating and set a $92.00 price objective on shares of SS&C Technologies in a research note on Thursday, October 10th. UBS Group increased their price target on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a research report on Monday. Raymond James boosted their price objective on shares of SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a research report on Friday, October 25th. StockNews.com cut SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Finally, Jefferies Financial Group upgraded SS&C Technologies from a “hold” rating to a “buy” rating and lifted their price target for the company from $70.00 to $94.00 in a research note on Monday. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $83.88.

SS&C Technologies Stock Up 0.6 %

Shares of NASDAQ:SSNC opened at $81.82 on Thursday. SS&C Technologies Holdings, Inc. has a 52-week low of $59.53 and a 52-week high of $82.40. The company has a market capitalization of $20.27 billion, a PE ratio of 29.33 and a beta of 1.38. 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 fifty day moving average of $77.42 and a 200-day moving average of $74.80.

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.22%. SS&C Technologies’s payout ratio is presently 35.84%.

Insider Buying and Selling at SS&C Technologies

In other news, SVP Jason Douglas White sold 69,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the completion of the transaction, the senior vice president now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William C. Stone sold 247,300 shares of SS&C Technologies stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $76.61, for a total transaction of $18,945,653.00. Following the transaction, the chief executive officer now owns 31,837,926 shares in the company, valued at approximately $2,439,103,510.86. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 449,000 shares of company stock worth $34,461,478. 15.40% of the stock is currently owned by insiders.

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.