Bradley Foster & Sargent Inc. CT Raises Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Bradley Foster & Sargent Inc. CT increased its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 8.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 216,484 shares of the technology company’s stock after buying an additional 16,333 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in SS&C Technologies were worth $16,405,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Bleakley Financial Group LLC grew its position in SS&C Technologies by 13.2% in the 3rd quarter. Bleakley Financial Group LLC now owns 4,228 shares of the technology company’s stock worth $314,000 after purchasing an additional 494 shares during the period. Blue Trust Inc. increased its position in SS&C Technologies by 557.0% during the third quarter. Blue Trust Inc. now owns 1,971 shares of the technology company’s stock valued at $146,000 after acquiring an additional 1,671 shares during the last quarter. Raymond James & Associates boosted its position in SS&C Technologies by 7.4% in the third quarter. Raymond James & Associates now owns 412,006 shares of the technology company’s stock worth $30,575,000 after purchasing an additional 28,238 shares during the last quarter. Foundations Investment Advisors LLC bought a new stake in shares of SS&C Technologies during the 3rd quarter valued at about $228,000. Finally, Greenleaf Trust increased its position in shares of SS&C Technologies by 556.4% during the 3rd quarter. Greenleaf Trust now owns 32,341 shares of the technology company’s stock valued at $2,400,000 after purchasing an additional 27,414 shares during the last quarter. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Insider Activity

In related news, SVP Jason Douglas White sold 71,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total value of $6,316,160.00. Following the completion of the sale, the senior vice president now owns 6,412 shares of the company’s stock, valued at approximately $570,411.52. The trade was a 91.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William C. Stone sold 247,300 shares of the company’s stock in a transaction dated 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 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 three months, insiders have sold 520,000 shares of company stock valued at $40,777,638. Company insiders own 15.40% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Needham & Company LLC boosted their target price on shares of SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, February 7th. UBS Group raised their price objective on SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Royal Bank of Canada boosted their price target on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Raymond James upped their price objective on SS&C Technologies from $85.00 to $95.00 and gave the company a “strong-buy” rating in a research report 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, February 10th. Five analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $97.50.

SS&C Technologies Price Performance

NASDAQ SSNC opened at $89.13 on Friday. The firm’s 50 day moving average price is $79.81 and its 200-day moving average price is $76.06. 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 cap of $22.08 billion, a PE ratio of 29.71 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a 52-week low of $59.63 and a 52-week high of $89.25.

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

SS&C Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 1.12%. SS&C Technologies’s payout ratio is presently 33.33%.

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.