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

Hantz Financial Services Inc. increased its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 109,548 shares of the technology company’s stock after buying an additional 2,853 shares during the period. Hantz Financial Services Inc.’s holdings in SS&C Technologies were worth $8,302,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SSNC. Janus Henderson Group PLC increased its position in shares of 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 purchasing an additional 817,501 shares during the last quarter. KBC Group NV lifted its position in shares of SS&C Technologies by 403.0% during the 4th quarter. KBC Group NV now owns 839,536 shares of the technology company’s stock worth $63,620,000 after purchasing an additional 672,641 shares during the last quarter. Point72 Asset Management L.P. grew its stake in shares of SS&C Technologies by 250.9% during the third quarter. Point72 Asset Management L.P. now owns 593,700 shares of the technology company’s stock worth $44,058,000 after purchasing an additional 424,487 shares in the last quarter. Two Sigma Advisers LP increased its holdings in 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 buying an additional 337,600 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in 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 buying an additional 275,186 shares in the last quarter. Institutional investors and hedge funds own 96.95% of the company’s stock.

Insider Buying and Selling

In other SS&C Technologies news, SVP Jason Douglas White sold 69,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were 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 approximately $494,172.84. This represents a 91.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William C. Stone sold 132,700 shares of SS&C Technologies stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $76.85, for a total transaction of $10,197,995.00. Following the completion of the sale, the chief executive officer now directly 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 have sold a total of 449,000 shares of company stock valued at $34,461,478 over the last quarter. 15.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

SS&C Technologies Stock Down 0.9 %

Shares of NASDAQ:SSNC opened at $80.23 on Thursday. SS&C Technologies Holdings, Inc. has a 1-year low of $59.53 and a 1-year high of $81.52. 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 stock has a market cap of $19.87 billion, a P/E ratio of 28.76 and a beta of 1.37. The firm has a fifty day moving average price of $76.94 and a 200 day moving average price of $74.30.

SS&C Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.25 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.25%. SS&C Technologies’s dividend payout ratio (DPR) is 35.84%.

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.