Fortis Group Advisors LLC Sells 130 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Fortis Group Advisors LLC lessened its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 13.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 870 shares of the technology company’s stock after selling 130 shares during the period. Fortis Group Advisors LLC’s holdings in SS&C Technologies were worth $66,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Janus Henderson Group PLC lifted its holdings in shares of SS&C Technologies by 5.4% in the 3rd quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company’s stock valued at $1,191,774,000 after acquiring an additional 817,501 shares during the last quarter. KBC Group NV lifted its holdings in shares of SS&C Technologies by 403.0% in the 4th quarter. KBC Group NV now owns 839,536 shares of the technology company’s stock valued at $63,620,000 after acquiring an additional 672,641 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of SS&C Technologies by 250.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 593,700 shares of the technology company’s stock valued at $44,058,000 after acquiring an additional 424,487 shares during the last quarter. Two Sigma Advisers LP lifted its holdings in shares of SS&C Technologies by 433.9% in the 3rd quarter. Two Sigma Advisers LP now owns 415,400 shares of the technology company’s stock valued at $30,827,000 after acquiring an additional 337,600 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of SS&C Technologies by 44.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 897,198 shares of the technology company’s stock valued at $66,581,000 after acquiring an additional 275,186 shares during the last quarter. Institutional investors own 96.95% of the company’s stock.

Analyst Upgrades and Downgrades

SSNC has been the subject of a number of analyst reports. Jefferies Financial Group raised shares of SS&C Technologies from a “hold” rating to a “buy” rating and increased their price target for the company from $70.00 to $94.00 in a report on Monday, February 3rd. Royal Bank of Canada raised their price objective on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Raymond James raised their price objective on shares of SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 7th. DA Davidson raised their price objective on shares of SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, UBS Group raised their price objective on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, SS&C Technologies currently has a consensus rating of “Buy” and a consensus price target of $97.50.

Insider Activity at SS&C Technologies

In other SS&C Technologies news, SVP Jason Douglas White sold 69,000 shares of the firm’s 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 completion of the sale, the senior vice president now directly 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 Securities & Exchange Commission, which is available at the SEC website. Also, CEO William C. Stone sold 247,300 shares of the firm’s stock in a transaction that occurred on 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 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 trade represents a 0.77 % decrease in their ownership of the stock. 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 over the last ninety days. 15.40% of the stock is owned by company insiders.

SS&C Technologies Stock Performance

Shares of NASDAQ:SSNC opened at $89.08 on Wednesday. The firm has a market cap of $22.06 billion, a PE ratio of 29.69 and a beta of 1.38. The firm’s 50 day simple moving average is $79.08 and its 200-day simple moving average is $75.75. SS&C Technologies Holdings, Inc. has a one year low of $59.63 and a one year high of $89.25. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, topping 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, equities analysts predict that SS&C Technologies Holdings, Inc. will post 5.26 EPS for the current year.

SS&C Technologies Announces Dividend

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