Sanctuary Advisors LLC Has $2.88 Million Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Sanctuary Advisors LLC grew its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 6.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 35,422 shares of the technology company’s stock after buying an additional 2,047 shares during the period. Sanctuary Advisors LLC’s holdings in SS&C Technologies were worth $2,877,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SSNC. Janus Henderson Group PLC raised its holdings in shares of SS&C Technologies by 5.4% during the third quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company’s stock worth $1,191,774,000 after acquiring an additional 817,501 shares in the last quarter. KBC Group NV increased its position in SS&C Technologies by 403.0% in the 4th quarter. KBC Group NV now owns 839,536 shares of the technology company’s stock worth $63,620,000 after purchasing an additional 672,641 shares during the last quarter. Point72 Asset Management L.P. raised its stake in shares of SS&C Technologies by 250.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 593,700 shares of the technology company’s stock worth $44,058,000 after purchasing an additional 424,487 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of SS&C Technologies by 433.9% during the 3rd quarter. Two Sigma Advisers LP now owns 415,400 shares of the technology company’s stock valued at $30,827,000 after buying an additional 337,600 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of SS&C Technologies by 44.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 897,198 shares of the technology company’s stock valued at $66,581,000 after buying an additional 275,186 shares in the last quarter. 96.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Jason Douglas White sold 71,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total value of $6,316,160.00. Following the completion of the sale, the senior vice president now owns 6,412 shares in the company, valued at approximately $570,411.52. This trade represents a 91.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William C. Stone sold 247,300 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $76.61, for a total value of $18,945,653.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 520,000 shares of company stock valued at $40,777,638. 15.40% of the stock is owned by company insiders.

Analyst Ratings Changes

SSNC has been the topic of several recent research reports. Needham & Company LLC raised their price objective on shares of SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, February 7th. StockNews.com upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. Royal Bank of Canada upped their price objective on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Raymond James raised their target price on SS&C Technologies from $85.00 to $95.00 and gave the company a “strong-buy” rating in a report on Friday, February 7th. Finally, DA Davidson upped their price target on SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, SS&C Technologies currently has an average rating of “Buy” and an average price target of $97.50.

SS&C Technologies Stock Performance

Shares of SSNC opened at $88.60 on Friday. 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 one year low of $59.63 and a one year high of $89.50. The company’s fifty day moving average price is $80.04 and its 200 day moving average price is $76.24. The company has a market capitalization of $21.94 billion, a PE ratio of 29.53 and a beta of 1.38.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. As a group, analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.25 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.13%. SS&C Technologies’s payout ratio is 33.33%.

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.