Sylvest Advisors LLC Buys Shares of 4,812 SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Sylvest Advisors LLC bought a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,812 shares of the technology company’s stock, valued at approximately $365,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Inlet Private Wealth LLC grew its stake in SS&C Technologies by 22.8% during the 4th quarter. Inlet Private Wealth LLC now owns 17,475 shares of the technology company’s stock valued at $1,324,000 after acquiring an additional 3,250 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new stake in shares of SS&C Technologies during the fourth quarter worth approximately $290,000. BTC Capital Management Inc. purchased a new position in SS&C Technologies during the fourth quarter valued at approximately $2,351,000. Manning & Napier Advisors LLC increased its stake in SS&C Technologies by 0.9% in the 4th quarter. Manning & Napier Advisors LLC now owns 112,311 shares of the technology company’s stock valued at $8,511,000 after buying an additional 1,051 shares during the period. Finally, Swedbank AB lifted its position in SS&C Technologies by 17.5% in the 4th quarter. Swedbank AB now owns 1,753,236 shares of the technology company’s stock worth $132,860,000 after buying an additional 261,275 shares in the last quarter. Hedge funds and other institutional investors own 96.95% of the company’s stock.

SS&C Technologies Trading Down 0.3 %

NASDAQ:SSNC opened at $80.95 on Friday. The company’s 50 day moving average is $77.15 and its 200-day moving average is $74.50. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a 12 month low of $59.53 and a 12 month high of $81.92. The firm has a market cap of $20.05 billion, a price-to-earnings ratio of 29.01 and a beta of 1.37.

SS&C Technologies Dividend Announcement

The company 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. This represents a $1.00 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Monday, December 2nd. SS&C Technologies’s dividend payout ratio is 35.84%.

Insider Buying and Selling at SS&C Technologies

In other news, CEO William C. Stone sold 247,300 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was 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 directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Jason Douglas White sold 69,000 shares of the business’s stock in a transaction on 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 449,000 shares of company stock worth $34,461,478 over the last ninety days. Company insiders own 15.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on SSNC shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of SS&C Technologies in a research note on Friday, October 25th. Raymond James raised their price target on 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 issued a $92.00 price target on shares of SS&C Technologies in a research note on Thursday, October 10th. Finally, StockNews.com lowered shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, SS&C Technologies has an average rating of “Moderate Buy” and a consensus target price of $77.75.

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.