31,018 Shares in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Acquired by BTC Capital Management Inc.

BTC Capital Management Inc. purchased a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,018 shares of the technology company’s stock, valued at approximately $2,351,000.

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

Insider Transactions at SS&C Technologies

In related news, CEO William C. Stone sold 132,700 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $76.85, for a total transaction of $10,197,995.00. Following the completion of the transaction, the chief executive officer now owns 31,837,926 shares in the company, valued at $2,446,744,613.10. The trade was a 0.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies 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 sale, the senior vice president now directly owns 6,412 shares in the company, valued at approximately $494,172.84. This trade represents a 91.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 449,000 shares of company stock valued at $34,461,478 in the last ninety days. 15.40% of the stock is currently owned by company insiders.

SS&C Technologies Stock Up 1.2 %

SSNC opened at $81.22 on Friday. The business has a 50 day simple moving average of $77.05 and a 200-day simple moving average of $74.35. SS&C Technologies Holdings, Inc. has a 12 month low of $59.53 and a 12 month high of $81.81. The stock has a market capitalization of $20.12 billion, a P/E ratio of 29.11 and a beta of 1.37. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21.

SS&C Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given 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 dividend yield of 1.23%. SS&C Technologies’s payout ratio is currently 35.84%.

Analyst Ratings Changes

A number of brokerages recently weighed in on SSNC. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price target on shares of SS&C Technologies in a research note on Friday, October 25th. Raymond James increased their target price on shares of SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a research note on Friday, October 25th. DA Davidson reissued a “buy” rating and set a $92.00 price target on shares of SS&C Technologies in a report on Thursday, October 10th. Finally, StockNews.com downgraded SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. 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 company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $77.75.

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.