Savant Capital LLC Buys 707 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Savant Capital LLC boosted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.3% in the fourth quarter, HoldingsChannel reports. The firm owned 31,822 shares of the technology company’s stock after acquiring an additional 707 shares during the period. Savant Capital LLC’s holdings in SS&C Technologies were worth $2,411,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its position 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 buying an additional 817,501 shares during the period. KBC Group NV grew its holdings in SS&C Technologies by 403.0% during the fourth quarter. KBC Group NV now owns 839,536 shares of the technology company’s stock valued at $63,620,000 after purchasing an additional 672,641 shares during the period. Point72 Asset Management L.P. increased its stake in SS&C Technologies by 250.9% in 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 in the last quarter. Two Sigma Advisers LP raised its holdings 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 purchasing an additional 337,600 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of SS&C Technologies by 44.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 897,198 shares of the technology company’s stock worth $66,581,000 after purchasing an additional 275,186 shares in the last quarter. Institutional investors and hedge funds own 96.95% of the company’s stock.

SS&C Technologies Trading Up 1.6 %

NASDAQ:SSNC opened at $88.09 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a twelve month low of $59.53 and a twelve month high of $88.22. The company has a market cap of $21.82 billion, a P/E ratio of 29.36 and a beta of 1.38. The business has a 50 day moving average price of $78.32 and a two-hundred day moving average price of $75.41.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.09. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. As a group, analysts expect that SS&C Technologies Holdings, Inc. will post 5.26 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 1.14%. SS&C Technologies’s payout ratio is presently 33.33%.

Analyst Upgrades and Downgrades

SSNC has been the topic of several research analyst reports. Jefferies Financial Group raised SS&C Technologies from a “hold” rating to a “buy” rating and raised their price objective for the stock from $70.00 to $94.00 in a research note on Monday, February 3rd. Needham & Company LLC raised their price target on SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. UBS Group lifted their price objective on SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Royal Bank of Canada increased their target price on SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, StockNews.com raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $89.50.

Insider Activity at SS&C Technologies

In other SS&C Technologies news, SVP Jason Douglas White sold 69,000 shares of the stock in a transaction 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William C. Stone sold 247,300 shares of SS&C Technologies stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $76.61, for a total transaction of $18,945,653.00. Following the completion of the transaction, 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 trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 449,000 shares of company stock valued at $34,461,478. Insiders own 15.40% of the company’s stock.

SS&C Technologies Company 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.