SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Purchased by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. boosted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 1.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 134,931 shares of the technology company’s stock after purchasing an additional 2,474 shares during the quarter. GHP Investment Advisors Inc.’s holdings in SS&C Technologies were worth $10,225,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. SkyView Investment Advisors LLC increased its stake 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 purchasing an additional 137 shares in the last quarter. Foundations Investment Advisors LLC raised its position in SS&C Technologies by 5.6% during the fourth quarter. Foundations Investment Advisors LLC now owns 3,249 shares of the technology company’s stock worth $246,000 after acquiring an additional 171 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of 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 purchasing an additional 196 shares in the last quarter. Tectonic Advisors LLC increased its stake in shares of SS&C Technologies by 2.9% during the 3rd quarter. Tectonic Advisors LLC now owns 7,064 shares of the technology company’s stock worth $524,000 after purchasing an additional 198 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its position in shares of SS&C Technologies by 0.4% during the 3rd quarter. Wedge Capital Management L L P NC now owns 51,497 shares of the technology company’s stock worth $3,822,000 after purchasing an additional 206 shares during the last quarter. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SSNC has been the topic of a number of analyst reports. StockNews.com lowered SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Jefferies Financial Group raised shares of 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. Raymond James lifted their target price 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 reaffirmed a “buy” rating and issued a $92.00 price objective on shares of SS&C Technologies in a research report on Thursday, October 10th. Finally, UBS Group increased their target price on SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a research report on Monday. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $83.88.

Insider Buying and Selling

In related news, SVP Jason Douglas White sold 69,000 shares of the firm’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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO William C. Stone sold 132,700 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $76.85, for a total transaction of $10,197,995.00. Following 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 449,000 shares of company stock valued at $34,461,478. Corporate insiders own 15.40% of the company’s stock.

SS&C Technologies Stock Up 0.6 %

Shares of NASDAQ SSNC opened at $81.82 on Thursday. The stock has a fifty day moving average price of $77.42 and a 200 day moving average price of $74.80. The company has a current ratio of 1.21, a quick 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 $82.40. The company has a market cap of $20.27 billion, a P/E ratio of 29.33 and a beta of 1.38.

SS&C Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued 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 dividend yield of 1.22%. SS&C Technologies’s 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.