SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) is Foster Victor Wealth Advisors LLC’s 10th Largest Position

Foster Victor Wealth Advisors LLC increased its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 273,157 shares of the technology company’s stock after buying an additional 14,072 shares during the quarter. SS&C Technologies accounts for 1.7% of Foster Victor Wealth Advisors LLC’s investment portfolio, making the stock its 10th largest holding. Foster Victor Wealth Advisors LLC owned 0.11% of SS&C Technologies worth $21,443,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Toronto Dominion Bank lifted its holdings in SS&C Technologies by 26.4% during the third quarter. Toronto Dominion Bank now owns 32,136 shares of the technology company’s stock worth $2,385,000 after acquiring an additional 6,721 shares during the period. State Street Corp boosted its holdings in shares of SS&C Technologies by 2.2% in the 3rd quarter. State Street Corp now owns 5,624,174 shares of the technology company’s stock worth $417,370,000 after buying an additional 121,223 shares during the last quarter. ZWJ Investment Counsel Inc. grew its position in SS&C Technologies by 3.5% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 330,352 shares of the technology company’s stock valued at $25,034,000 after buying an additional 11,077 shares during the period. Benson Investment Management Company Inc. purchased a new stake in SS&C Technologies during the fourth quarter worth about $5,578,000. Finally, Meyer Handelman Co. raised its position in SS&C Technologies by 13.0% in the fourth quarter. Meyer Handelman Co. now owns 74,680 shares of the technology company’s stock worth $5,659,000 after acquiring an additional 8,588 shares during the period. 96.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SSNC. Raymond James raised their price target 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 issued a $92.00 target price on shares of SS&C Technologies in a research report on Thursday, October 10th. Needham & Company LLC restated a “buy” rating and issued a $90.00 target price on shares of SS&C Technologies in a research note on Friday, October 25th. Finally, StockNews.com lowered SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report 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 MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $77.75.

Insider Buying and Selling

In related 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 transaction of $10,197,995.00. Following the completion of the transaction, the chief executive officer now directly owns 31,837,926 shares in the company, valued at $2,446,744,613.10. The trade was a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jason Douglas White sold 69,000 shares of the firm’s stock in a transaction dated 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 approximately $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 have sold 449,000 shares of company stock valued at $34,461,478. Company insiders own 15.40% of the company’s stock.

SS&C Technologies Stock Up 0.9 %

Shares of NASDAQ SSNC opened at $80.93 on Wednesday. The business has a 50-day simple moving average of $76.80 and a two-hundred day simple moving average of $74.26. SS&C Technologies Holdings, Inc. has a 52 week low of $59.53 and a 52 week high of $81.52. The company has a market cap of $20.04 billion, a P/E ratio of 29.01 and a beta of 1.37. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid 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 yield of 1.24%. SS&C Technologies’s dividend payout ratio is currently 35.84%.

About SS&C Technologies

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.