SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN lessened its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 8.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,062 shares of the technology company’s stock after selling 397 shares during the quarter. OLD National Bancorp IN’s holdings in SS&C Technologies were worth $308,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Marshall Wace LLP grew its holdings in SS&C Technologies by 42.8% during the 2nd quarter. Marshall Wace LLP now owns 8,741 shares of the technology company’s stock valued at $548,000 after buying an additional 2,618 shares during the last quarter. Creative Planning boosted its stake in shares of SS&C Technologies by 9.9% during the second quarter. Creative Planning now owns 8,131 shares of the technology company’s stock valued at $510,000 after acquiring an additional 735 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in SS&C Technologies by 285.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,237 shares of the technology company’s stock worth $140,000 after purchasing an additional 1,657 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in SS&C Technologies in the 2nd quarter valued at about $1,904,000. Finally, Cubist Systematic Strategies LLC lifted its holdings in SS&C Technologies by 183.9% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 10,225 shares of the technology company’s stock valued at $641,000 after purchasing an additional 6,624 shares in the last quarter. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

SS&C Technologies Stock Down 0.3 %

Shares of NASDAQ:SSNC opened at $80.95 on Monday. SS&C Technologies Holdings, Inc. has a 1 year low of $59.53 and a 1 year high of $81.92. The stock has a 50-day simple moving average of $77.15 and a 200-day simple moving average of $74.54. 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 stock has a market capitalization of $20.05 billion, a P/E ratio of 29.01 and a beta of 1.37.

SS&C Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors 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 1.24%. SS&C Technologies’s dividend payout ratio (DPR) is 35.84%.

Insider Buying and Selling at SS&C Technologies

In related news, CEO William C. Stone sold 247,300 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 31,837,926 shares of the company’s stock, valued at approximately $2,439,103,510.86. This trade represents a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jason Douglas White sold 69,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the completion of the transaction, 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 have sold 449,000 shares of company stock valued at $34,461,478 over the last three months. 15.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. StockNews.com downgraded shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. DA Davidson reiterated a “buy” rating and issued a $92.00 price target on shares of SS&C Technologies in a report on Thursday, October 10th. Raymond James raised their price objective on SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of SS&C Technologies in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $77.75.

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.