Valley Wealth Managers Inc. Sells 5,994 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Valley Wealth Managers Inc. lowered its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 240,366 shares of the technology company's stock after selling 5,994 shares during the quarter. Valley Wealth Managers Inc. owned 0.10% of SS&C Technologies worth $18,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Janus Henderson Group PLC raised its stake 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 worth $1,191,774,000 after purchasing an additional 817,501 shares during the last quarter. State Street Corp increased its position in SS&C Technologies by 2.2% during the third quarter. State Street Corp now owns 5,624,174 shares of the technology company's stock valued at $417,370,000 after acquiring an additional 121,223 shares during the last quarter. FMR LLC increased its position 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 valued at $295,657,000 after acquiring an additional 58,389 shares during the last quarter. Geode Capital Management LLC increased its position in SS&C Technologies by 1.8% during the third 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 position in SS&C Technologies by 9.4% during 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 acquiring an additional 198,111 shares during the last quarter. Hedge funds and other institutional investors own 96.95% of the company's stock.

Insider Transactions at SS&C Technologies

In related news, CEO William C. Stone sold 247,300 shares of the 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 completion of the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jason Douglas White sold 69,000 shares of the 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 directly 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 disclosure for this sale can be found here. Insiders sold a total of 520,000 shares of company stock valued at $40,777,638 over the last 90 days. Company insiders own 15.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SSNC shares. Raymond James upped their price objective on SS&C Technologies from $85.00 to $95.00 and gave the company a "strong-buy" rating in a research report on Friday, February 7th. UBS Group upped their price objective on SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. DA Davidson upped their price objective on SS&C Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research report on Monday, February 10th. StockNews.com upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Monday, February 10th. Finally, Jefferies Financial Group raised SS&C Technologies from a "hold" rating to a "buy" rating and boosted their price target for the company from $70.00 to $94.00 in a report on Monday, February 3rd. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $97.50.

SS&C Technologies Stock Performance

NASDAQ:SSNC traded down $0.53 during mid-day trading on Friday, hitting $88.60. 2,166,520 shares of the company traded hands, compared to its average volume of 1,437,951. The stock's fifty day moving average price is $80.04 and its 200-day moving average price is $76.20. SS&C Technologies Holdings, Inc. has a one year low of $59.63 and a one year high of $89.50. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The firm has a market cap of $21.94 billion, a price-to-earnings ratio of 29.53 and a beta of 1.38.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. Research analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Monday, March 3rd. SS&C Technologies's dividend payout ratio (DPR) is 33.33%.

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.