Bradley Foster & Sargent Inc. CT Purchases 16,333 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Bradley Foster & Sargent Inc. CT increased its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 8.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 216,484 shares of the technology company’s stock after purchasing an additional 16,333 shares during the quarter. Bradley Foster & Sargent Inc. CT owned approximately 0.09% of SS&C Technologies worth $16,405,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. SkyView Investment Advisors LLC raised its holdings in SS&C Technologies by 2.2% in the 3rd quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company’s stock valued at $475,000 after acquiring an additional 137 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in shares of SS&C Technologies by 11.8% in the 4th quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company’s stock valued at $107,000 after purchasing an additional 149 shares in the last quarter. Legacy Capital Group California Inc. increased its stake in shares of SS&C Technologies by 5.8% in the 4th quarter. Legacy Capital Group California Inc. now owns 3,003 shares of the technology company’s stock valued at $228,000 after purchasing an additional 164 shares during the last quarter. Foundations Investment Advisors LLC boosted its stake in SS&C Technologies by 5.6% in the fourth quarter. Foundations Investment Advisors LLC now owns 3,249 shares of the technology company’s stock valued at $246,000 after buying an additional 171 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in SS&C Technologies by 0.4% in the third quarter. Janney Montgomery Scott LLC now owns 46,282 shares of the technology company’s stock valued at $3,435,000 after acquiring an additional 196 shares during the last quarter. 96.95% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Stock Performance

Shares of SSNC stock opened at $89.13 on Friday. SS&C Technologies Holdings, Inc. has a 52 week low of $59.63 and a 52 week high of $89.25. The firm’s 50-day simple moving average is $79.81 and its two-hundred day simple moving average is $76.06. The firm has a market cap of $22.08 billion, a price-to-earnings ratio of 29.71 and a beta of 1.38. 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 announced its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. As a group, equities analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given 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%.

Insider Activity

In other news, CEO William C. Stone sold 132,700 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $76.85, for a total value of $10,197,995.00. Following the completion of the sale, the chief executive officer now owns 31,837,926 shares of the company’s stock, valued at approximately $2,446,744,613.10. The trade was a 0.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Jason Douglas White sold 69,000 shares of the business’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 owns 6,412 shares of the company’s stock, valued at $494,172.84. The trade was a 91.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 520,000 shares of company stock worth $40,777,638. 15.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

SSNC has been the topic of several recent research reports. Royal Bank of Canada raised their price objective on SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Jefferies Financial Group raised shares of SS&C Technologies from a “hold” rating to a “buy” rating and upped their price target for the company from $70.00 to $94.00 in a research report on Monday, February 3rd. Needham & Company LLC boosted their price objective on SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Raymond James boosted their price target on SS&C Technologies from $85.00 to $95.00 and gave the company a “strong-buy” rating in a research note on Friday, February 7th. Finally, StockNews.com upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, SS&C Technologies has a consensus rating of “Buy” and an average target price of $97.50.

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.