Greenleaf Trust Has $2.37 Million Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Greenleaf Trust lessened its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 3.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 31,233 shares of the technology company’s stock after selling 1,108 shares during the period. Greenleaf Trust’s holdings in SS&C Technologies were worth $2,367,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in SSNC. Janus Henderson Group PLC lifted its holdings in shares of SS&C Technologies by 5.4% in the third quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company’s stock valued at $1,191,774,000 after purchasing an additional 817,501 shares in the last quarter. KBC Group NV lifted its holdings in shares of SS&C Technologies by 403.0% in the fourth quarter. KBC Group NV now owns 839,536 shares of the technology company’s stock valued at $63,620,000 after purchasing an additional 672,641 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of SS&C Technologies by 250.9% in the third quarter. Point72 Asset Management L.P. now owns 593,700 shares of the technology company’s stock valued at $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% in the third quarter. Two Sigma Advisers LP now owns 415,400 shares of the technology company’s stock valued at $30,827,000 after purchasing an additional 337,600 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of SS&C Technologies by 44.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 897,198 shares of the technology company’s stock valued at $66,581,000 after purchasing an additional 275,186 shares in the last quarter. Institutional investors and hedge funds own 96.95% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Jason Douglas White sold 69,000 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now directly owns 6,412 shares in the company, valued at $494,172.84. This represents a 91.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO William C. Stone sold 132,700 shares of the company’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $76.85, for a total value of $10,197,995.00. Following the sale, the chief executive officer now owns 31,837,926 shares in the company, valued at approximately $2,446,744,613.10. This represents a 0.42 % 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 over the last ninety days. 15.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SSNC shares. 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. Raymond James lifted their price target 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. DA Davidson reiterated a “buy” rating and set a $92.00 price target on shares of SS&C Technologies in a report on Thursday, October 10th. Finally, StockNews.com lowered SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.75.

SS&C Technologies Stock Performance

NASDAQ:SSNC opened at $80.95 on Monday. 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 business has a fifty day simple moving average of $77.15 and a two-hundred day simple moving average of $74.54. SS&C Technologies Holdings, Inc. has a 1 year low of $59.53 and a 1 year high of $81.92. The company has a market capitalization of $20.05 billion, a P/E ratio of 29.01 and a beta of 1.38.

SS&C Technologies Announces Dividend

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