Tectonic Advisors LLC Has $560,000 Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Tectonic Advisors LLC lifted its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,390 shares of the technology company’s stock after buying an additional 326 shares during the quarter. Tectonic Advisors LLC’s holdings in SS&C Technologies were worth $560,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Janus Henderson Group PLC boosted its position in SS&C Technologies by 5.4% during 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 acquiring an additional 817,501 shares during the last quarter. State Street Corp boosted its position in shares of SS&C Technologies by 2.2% during the 3rd quarter. State Street Corp now owns 5,624,174 shares of the technology company’s stock valued at $417,370,000 after purchasing an additional 121,223 shares in the last quarter. FMR LLC grew its stake in SS&C Technologies by 1.5% during the third quarter. FMR LLC now owns 3,984,057 shares of the technology company’s stock worth $295,657,000 after purchasing an additional 58,389 shares during the period. Geode Capital Management LLC increased its holdings in SS&C Technologies by 1.8% in 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 in the last quarter. Finally, Alkeon Capital Management LLC lifted its stake in 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 valued at $171,889,000 after buying an additional 198,111 shares during the period. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SSNC has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of SS&C Technologies in a research report on Friday, October 25th. Raymond James raised their price target on shares of SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a report on Friday, October 25th. Jefferies Financial Group upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and upped their price objective for the company from $70.00 to $94.00 in a report on Monday. DA Davidson restated a “buy” rating and issued a $92.00 target price on shares of SS&C Technologies in a research note on Thursday, October 10th. 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 investment 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 company’s stock. Based on data from MarketBeat, SS&C Technologies currently has an average rating of “Buy” and an average price target of $83.88.

SS&C Technologies Price Performance

SSNC stock opened at $81.82 on Thursday. The company has a market capitalization of $20.27 billion, a P/E ratio of 29.33 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a 52-week low of $59.53 and a 52-week high of $82.40. The business has a 50-day simple moving average of $77.42 and a two-hundred day simple moving average of $74.80. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21.

SS&C Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.25 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.00 annualized dividend and a yield of 1.22%. SS&C Technologies’s dividend payout ratio (DPR) is currently 35.84%.

Insider Activity at SS&C Technologies

In other SS&C Technologies news, 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 value of $5,317,830.00. Following the transaction, the senior vice president now owns 6,412 shares of the company’s stock, valued at approximately $494,172.84. The trade was a 91.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $18,945,653.00. Following 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 represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 449,000 shares of company stock valued at $34,461,478. 15.40% of the stock is owned by insiders.

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.