Savant Capital LLC Has $2.41 Million Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Savant Capital LLC grew its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 31,822 shares of the technology company’s stock after buying an additional 707 shares during the period. Savant Capital LLC’s holdings in SS&C Technologies were worth $2,411,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. CENTRAL TRUST Co acquired a new position in SS&C Technologies in the 4th quarter valued at approximately $65,000. Global X Japan Co. Ltd. increased its position in shares of SS&C Technologies by 193.3% during the fourth quarter. Global X Japan Co. Ltd. now owns 871 shares of the technology company’s stock valued at $66,000 after purchasing an additional 574 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of SS&C Technologies in the third quarter valued at $68,000. Versant Capital Management Inc lifted its position 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 worth $72,000 after purchasing an additional 233 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in SS&C Technologies during the third quarter worth $73,000. Institutional investors own 96.95% of the company’s stock.

SS&C Technologies Stock Up 1.6 %

NASDAQ SSNC opened at $88.09 on Thursday. The stock’s 50 day simple moving average is $78.32 and its 200 day simple moving average is $75.41. SS&C Technologies Holdings, Inc. has a one year low of $59.53 and a one year high of $88.22. The firm has a market cap of $21.82 billion, a PE ratio of 29.36 and a beta of 1.38. 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 (NASDAQ:SSNC) last announced its earnings results on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, topping 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, sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 5.26 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Monday, December 2nd. SS&C Technologies’s dividend payout ratio is presently 33.33%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SSNC. UBS Group increased their price objective on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. DA Davidson increased their price target on shares of SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a research report on Monday. Royal Bank of Canada lifted 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 upgraded SS&C Technologies from a “hold” rating to a “buy” rating and upped their price objective for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. Finally, StockNews.com upgraded SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday. One analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $89.50.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, SVP Jason Douglas White sold 69,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the completion of the sale, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at approximately $494,172.84. The trade was a 91.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William C. Stone sold 247,300 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 31,837,926 shares in the company, valued at approximately $2,439,103,510.86. The trade was a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 449,000 shares of company stock worth $34,461,478. Corporate 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.