Hantz Financial Services Inc. Grows Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Hantz Financial Services Inc. raised its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 109,548 shares of the technology company’s stock after acquiring an additional 2,853 shares during the quarter. Hantz Financial Services Inc.’s holdings in SS&C Technologies were worth $8,302,000 as of its most recent filing with the SEC.

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

Insider Activity

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 stock was sold at an average price of $76.61, for a total transaction of $18,945,653.00. Following the sale, the chief executive officer now owns 31,837,926 shares of the company’s stock, valued at $2,439,103,510.86. The trade was a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $5,317,830.00. Following the completion of 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 449,000 shares of company stock valued at $34,461,478. Insiders own 15.40% of the company’s stock.

SS&C Technologies Stock Performance

Shares of SSNC stock opened at $80.23 on Thursday. The company has a market cap of $19.87 billion, a P/E ratio of 28.76 and a beta of 1.37. The business has a 50 day moving average of $76.94 and a two-hundred day moving average of $74.30. SS&C Technologies Holdings, Inc. has a 52 week low of $59.53 and a 52 week high of $81.52. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04.

SS&C Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders 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 1.25%. SS&C Technologies’s payout ratio is currently 35.84%.

Wall Street Analysts Forecast Growth

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

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.