CENTRAL TRUST Co Invests $65,000 in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

CENTRAL TRUST Co purchased a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 853 shares of the technology company’s stock, valued at approximately $65,000.

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

SS&C Technologies Trading Up 0.6 %

SSNC stock opened at $81.82 on Thursday. SS&C Technologies Holdings, Inc. has a 1-year low of $59.53 and a 1-year high of $82.40. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The business’s 50 day moving average is $77.42 and its 200-day moving average is $74.80. The firm 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 company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Monday, December 2nd. SS&C Technologies’s payout ratio is 35.84%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Needham & Company LLC restated a “buy” rating and issued a $90.00 target price on shares of SS&C Technologies in a report on Friday, October 25th. DA Davidson restated a “buy” rating and issued a $92.00 price objective on shares of SS&C Technologies in a research note on Thursday, October 10th. Raymond James raised their target price on shares of SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. UBS Group boosted their target price on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a research report on Monday. Finally, StockNews.com downgraded SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $83.88.

Insider Activity at SS&C Technologies

In related news, CEO William C. Stone sold 247,300 shares of the business’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 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. The trade was a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies stock in a transaction 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 $494,172.84. This trade represents a 91.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 449,000 shares of company stock valued at $34,461,478 in the last ninety days. Insiders own 15.40% of the company’s stock.

SS&C Technologies Company 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.