BTC Capital Management Inc. Invests $2.35 Million in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

BTC Capital Management Inc. purchased a new position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 31,018 shares of the technology company’s stock, valued at approximately $2,351,000.

Several other institutional investors and hedge funds have also modified their holdings of SSNC. Capital Performance Advisors LLP acquired a new stake in SS&C Technologies in the third quarter valued at $68,000. Versant Capital Management Inc increased its stake in SS&C Technologies by 32.5% in the fourth quarter. Versant Capital Management Inc now owns 949 shares of the technology company’s stock valued at $72,000 after purchasing an additional 233 shares in the last quarter. Brooklyn Investment Group bought a new position in SS&C Technologies in the third quarter worth approximately $73,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in SS&C Technologies during the 3rd quarter valued at $89,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in SS&C Technologies by 285.7% in the 2nd 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 in the last quarter. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SSNC. Needham & Company LLC reissued a “buy” rating and set a $90.00 price target on shares of SS&C Technologies in a research report on Friday, October 25th. StockNews.com downgraded shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. DA Davidson reissued a “buy” rating and set a $92.00 price objective on shares of SS&C Technologies in a report on Thursday, October 10th. Finally, Raymond James upped their price target on 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. Two 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $77.75.

SS&C Technologies Stock Up 1.2 %

SSNC stock opened at $81.22 on Friday. The company’s 50 day moving average is $77.05 and its 200 day moving average is $74.35. The stock has a market cap of $20.12 billion, a price-to-earnings ratio of 29.11 and a beta of 1.37. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a 1-year low of $59.53 and a 1-year high of $81.81.

SS&C Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend was Monday, December 2nd. SS&C Technologies’s dividend payout ratio (DPR) is currently 35.84%.

Insider Transactions at SS&C Technologies

In other news, CEO William C. Stone sold 247,300 shares of the company’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $76.61, for a total value of $18,945,653.00. Following the completion of the sale, the chief executive officer now owns 31,837,926 shares of the company’s stock, valued at approximately $2,439,103,510.86. This represents a 0.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jason Douglas White sold 69,000 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now owns 6,412 shares of the company’s stock, valued at approximately $494,172.84. The trade was a 91.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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 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.