Foster Victor Wealth Advisors LLC Boosts Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Foster Victor Wealth Advisors LLC boosted its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 5.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 273,157 shares of the technology company's stock after purchasing an additional 14,072 shares during the period. SS&C Technologies comprises approximately 1.7% of Foster Victor Wealth Advisors LLC's holdings, making the stock its 10th largest position. Foster Victor Wealth Advisors LLC owned about 0.11% of SS&C Technologies worth $21,443,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Capital Performance Advisors LLP purchased a new stake in shares of SS&C Technologies during the 3rd quarter worth approximately $68,000. Versant Capital Management Inc increased its position in shares of SS&C Technologies by 32.5% in the fourth quarter. Versant Capital Management Inc now owns 949 shares of the technology company's stock valued at $72,000 after buying an additional 233 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of SS&C Technologies during the 3rd quarter worth $73,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of SS&C Technologies in the 3rd quarter worth about $89,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in SS&C Technologies by 285.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,237 shares of the technology company's stock valued at $140,000 after acquiring an additional 1,657 shares during the last quarter. Hedge funds and other institutional investors own 96.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SSNC shares. DA Davidson restated a "buy" rating and set a $92.00 target price on shares of SS&C Technologies in a research report on Thursday, October 10th. 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 research note on Friday, October 25th. Needham & Company LLC reissued a "buy" rating and set a $90.00 price target on shares of SS&C Technologies in a research report on Friday, October 25th. Finally, StockNews.com downgraded SS&C Technologies from a "strong-buy" rating to a "buy" rating in a research report on Friday, November 15th. Two research 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 company. According to data from MarketBeat.com, SS&C Technologies presently has an average rating of "Moderate Buy" and an average price target of $77.75.

SS&C Technologies Trading Down 0.3 %

NASDAQ SSNC traded down $0.27 during trading hours on Friday, hitting $80.95. 1,030,024 shares of the company's stock were exchanged, compared to its average volume of 1,218,126. The business's 50 day moving average is $77.05 and its 200-day moving average is $74.35. 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 Holdings, Inc. has a 12-month low of $59.53 and a 12-month high of $81.92. The firm has a market capitalization of $20.05 billion, a P/E ratio of 29.01 and a beta of 1.37.

SS&C Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given 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%.

Insider Activity at SS&C Technologies

In related news, SVP Jason Douglas White sold 69,000 shares of the firm's stock in a transaction that occurred 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 transaction, the senior vice president now owns 6,412 shares in the company, valued at approximately $494,172.84. This trade represents a 91.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 sale, the chief executive officer now directly owns 31,837,926 shares of the company's stock, valued at approximately $2,446,744,613.10. This trade represents a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 449,000 shares of company stock worth $34,461,478. 15.40% of the stock is owned by company 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.