SG Americas Securities LLC Invests $322,000 in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

SG Americas Securities LLC purchased a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,248 shares of the technology company’s stock, valued at approximately $322,000.

Other large investors have also recently added to or reduced their stakes in the company. Toronto Dominion Bank raised its stake in shares of SS&C Technologies by 26.4% in the 3rd quarter. Toronto Dominion Bank now owns 32,136 shares of the technology company’s stock valued at $2,385,000 after purchasing an additional 6,721 shares in the last quarter. State Street Corp raised its stake in SS&C Technologies by 2.2% during the third quarter. State Street Corp now owns 5,624,174 shares of the technology company’s stock valued at $417,370,000 after buying an additional 121,223 shares in the last quarter. ZWJ Investment Counsel Inc. lifted its holdings in SS&C Technologies by 3.5% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 330,352 shares of the technology company’s stock worth $25,034,000 after buying an additional 11,077 shares during the last quarter. Benson Investment Management Company Inc. bought a new position in SS&C Technologies during the 4th quarter worth approximately $5,578,000. Finally, Meyer Handelman Co. increased its holdings in shares of SS&C Technologies by 13.0% in the 4th quarter. Meyer Handelman Co. now owns 74,680 shares of the technology company’s stock valued at $5,659,000 after acquiring an additional 8,588 shares during the last quarter. 96.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SSNC has been the topic of several research analyst reports. Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of SS&C Technologies in a research note on Friday, October 25th. DA Davidson restated a “buy” rating and issued a $92.00 price target on shares of SS&C Technologies in a research report on Thursday, October 10th. UBS Group boosted their price objective on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a research report on Monday. Jefferies Financial Group upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and increased their price objective for the stock from $70.00 to $94.00 in a research note on Monday. Finally, StockNews.com downgraded SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $83.88.

Insider Activity at SS&C Technologies

In other news, SVP Jason Douglas White sold 69,000 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $494,172.84. This represents a 91.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO William C. Stone sold 247,300 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $76.61, for a total transaction 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 449,000 shares of company stock worth $34,461,478 over the last ninety days. 15.40% of the stock is currently owned by corporate insiders.

SS&C Technologies Stock Performance

Shares of SSNC stock opened at $81.30 on Wednesday. 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 debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market capitalization of $20.14 billion, a price-to-earnings ratio of 29.14 and a beta of 1.38. The business has a 50 day simple moving average of $77.33 and a 200 day simple moving average of $74.75.

SS&C Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Monday, December 2nd. SS&C Technologies’s dividend payout ratio (DPR) is 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.