Valley National Advisers Inc. Sells 437 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Valley National Advisers Inc. lessened its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 33.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 854 shares of the technology company’s stock after selling 437 shares during the period. Valley National Advisers Inc.’s holdings in SS&C Technologies were worth $64,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Janus Henderson Group PLC raised its holdings in SS&C Technologies by 5.4% in the 3rd quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company’s stock valued at $1,191,774,000 after buying an additional 817,501 shares during the last quarter. State Street Corp increased its position in SS&C Technologies by 2.2% in the 3rd quarter. State Street Corp now owns 5,624,174 shares of the technology company’s stock valued at $417,370,000 after acquiring an additional 121,223 shares during the period. FMR LLC raised its stake in shares of SS&C Technologies by 1.5% during the third quarter. FMR LLC now owns 3,984,057 shares of the technology company’s stock valued at $295,657,000 after acquiring an additional 58,389 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of SS&C Technologies by 1.8% during the third quarter. Geode Capital Management LLC now owns 3,621,022 shares of the technology company’s stock worth $268,075,000 after purchasing an additional 64,299 shares during the period. Finally, Alkeon Capital Management LLC grew its stake in shares of SS&C Technologies by 9.4% in the third quarter. Alkeon Capital Management LLC now owns 2,316,252 shares of the technology company’s stock worth $171,889,000 after purchasing an additional 198,111 shares during the last quarter. 96.95% of the stock is owned by institutional investors and hedge funds.

SS&C Technologies Stock Down 0.3 %

Shares of NASDAQ SSNC opened at $80.95 on Monday. SS&C Technologies Holdings, Inc. has a 12-month low of $59.53 and a 12-month high of $81.92. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The firm has a market cap of $20.05 billion, a PE ratio of 29.01 and a beta of 1.38. The company’s fifty day simple moving average is $77.15 and its 200 day simple moving average is $74.54.

SS&C Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.24%. SS&C Technologies’s dividend payout ratio is presently 35.84%.

Wall Street Analysts Forecast Growth

SSNC has been the topic of several recent research reports. StockNews.com downgraded SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. Raymond James upped their target price on SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. DA Davidson restated a “buy” rating and set a $92.00 price target on shares of SS&C Technologies in a report on Thursday, October 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price objective on shares of SS&C Technologies in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $77.75.

Insider Activity at SS&C Technologies

In related news, 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 owns 6,412 shares of the company’s stock, valued at approximately $494,172.84. This trade represents a 91.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William C. Stone sold 132,700 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $76.85, for a total transaction of $10,197,995.00. Following the transaction, the chief executive officer now owns 31,837,926 shares in the company, valued at approximately $2,446,744,613.10. The trade was a 0.42 % 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 in the last three months. 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.