SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by Capital Investment Services of America Inc.

Capital Investment Services of America Inc. cut its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 290,522 shares of the technology company’s stock after selling 1,350 shares during the period. SS&C Technologies accounts for 2.1% of Capital Investment Services of America Inc.’s portfolio, making the stock its 23rd largest position. Capital Investment Services of America Inc.’s holdings in SS&C Technologies were worth $22,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. SkyView Investment Advisors LLC lifted its stake in SS&C Technologies by 2.2% during the third quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company’s stock worth $475,000 after purchasing an additional 137 shares during the last quarter. Foundations Investment Advisors LLC grew its stake in SS&C Technologies by 5.6% during the 4th quarter. Foundations Investment Advisors LLC now owns 3,249 shares of the technology company’s stock worth $246,000 after buying an additional 171 shares during the last quarter. Janney Montgomery Scott LLC increased 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 worth $3,435,000 after buying an additional 196 shares during the period. Tectonic Advisors LLC lifted its stake in SS&C Technologies by 2.9% in the third quarter. Tectonic Advisors LLC now owns 7,064 shares of the technology company’s stock valued at $524,000 after buying an additional 198 shares during the last quarter. Finally, Wedge Capital Management L L P NC grew its position in shares of SS&C Technologies by 0.4% during the third quarter. Wedge Capital Management L L P NC now owns 51,497 shares of the technology company’s stock worth $3,822,000 after acquiring an additional 206 shares during the last quarter. 96.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on SSNC shares. Raymond James lifted their price objective on shares of SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a research report on Friday, October 25th. DA Davidson reiterated a “buy” rating and set a $92.00 price objective on shares of SS&C Technologies in a research report on Thursday, October 10th. Jefferies Financial Group upgraded SS&C Technologies from a “hold” rating to a “buy” rating and raised their target price for the company from $70.00 to $94.00 in a research report on Monday. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price target on shares of SS&C Technologies in a research report on Friday, October 25th. Finally, UBS Group raised their price target on SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a report on Monday. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $83.88.

Insider Buying and Selling

In other SS&C Technologies news, CEO William C. Stone sold 132,700 shares of SS&C Technologies stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 31,837,926 shares in the company, valued at approximately $2,446,744,613.10. The trade was a 0.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value 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. This trade represents a 91.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 449,000 shares of company stock valued at $34,461,478. 15.40% of the stock is owned by corporate insiders.

SS&C Technologies Price Performance

Shares of NASDAQ:SSNC opened at $81.82 on Thursday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market capitalization of $20.27 billion, a PE ratio of 29.33 and a beta of 1.38. The stock has a fifty day moving average of $77.42 and a 200-day moving average of $74.80. SS&C Technologies Holdings, Inc. has a one year low of $59.53 and a one year high of $82.40.

SS&C Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a $0.25 dividend. The ex-dividend date was Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.22%. SS&C Technologies’s dividend payout ratio (DPR) is 35.84%.

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.