Manning & Napier Advisors LLC Increases Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Manning & Napier Advisors LLC grew its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,311 shares of the technology company’s stock after purchasing an additional 1,051 shares during the quarter. Manning & Napier Advisors LLC’s holdings in SS&C Technologies were worth $8,511,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SSNC. Swedbank AB grew its holdings in SS&C Technologies by 17.5% during the 4th quarter. Swedbank AB now owns 1,753,236 shares of the technology company’s stock valued at $132,860,000 after buying an additional 261,275 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in shares of SS&C Technologies by 2.7% during the fourth quarter. Hantz Financial Services Inc. now owns 109,548 shares of the technology company’s stock valued at $8,302,000 after acquiring an additional 2,853 shares during the last quarter. Foster Victor Wealth Advisors LLC increased its position in SS&C Technologies by 5.4% during the 4th quarter. Foster Victor Wealth Advisors LLC now owns 273,157 shares of the technology company’s stock worth $21,443,000 after purchasing an additional 14,072 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in SS&C Technologies by 9.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 984,935 shares of the technology company’s stock valued at $74,638,000 after purchasing an additional 87,737 shares during the last quarter. Finally, Stonegate Investment Group LLC lifted its holdings in SS&C Technologies by 17.2% in the 4th quarter. Stonegate Investment Group LLC now owns 6,327 shares of the technology company’s stock valued at $479,000 after purchasing an additional 930 shares in the last quarter. 96.95% of the stock is owned by hedge funds and other institutional investors.

SS&C Technologies Stock Performance

SS&C Technologies stock opened at $80.23 on Thursday. 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 Holdings, Inc. has a 12 month low of $59.53 and a 12 month high of $81.52. The company has a market cap of $19.87 billion, a price-to-earnings ratio of 28.76 and a beta of 1.37. The stock’s 50-day moving average is $76.94 and its 200-day moving average is $74.30.

SS&C Technologies Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.25%. SS&C Technologies’s dividend payout ratio (DPR) is 35.84%.

Wall Street Analysts Forecast Growth

SSNC has been the subject of a number of analyst reports. Raymond James boosted 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. StockNews.com downgraded SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of SS&C Technologies in a report on Friday, October 25th. Finally, DA Davidson reiterated a “buy” rating and issued a $92.00 target price on shares of SS&C Technologies in a research note on Thursday, October 10th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, SS&C Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $77.75.

Insider Transactions at SS&C Technologies

In other SS&C Technologies news, CEO William C. Stone sold 247,300 shares of the company’s 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 transaction, the chief executive officer now owns 31,837,926 shares in the company, valued at $2,439,103,510.86. This represents a 0.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the sale, the senior vice president now owns 6,412 shares in the company, valued at $494,172.84. This 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 valued at $34,461,478 over the last 90 days. Corporate insiders own 15.40% of the company’s stock.

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.