Foster & Motley Inc. Has $695,000 Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Foster & Motley Inc. trimmed its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 11.7% during the fourth quarter, Holdings Channel reports. The fund owned 9,167 shares of the technology company’s stock after selling 1,210 shares during the quarter. Foster & Motley Inc.’s holdings in SS&C Technologies were worth $695,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Marshall Wace LLP increased its stake in SS&C Technologies by 42.8% during the second quarter. Marshall Wace LLP now owns 8,741 shares of the technology company’s stock valued at $548,000 after acquiring an additional 2,618 shares during the period. Cubist Systematic Strategies LLC lifted its holdings in SS&C Technologies by 183.9% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 10,225 shares of the technology company’s stock worth $641,000 after buying an additional 6,624 shares in the last quarter. Creative Planning boosted its holdings in SS&C Technologies by 9.9% in the second quarter. Creative Planning now owns 8,131 shares of the technology company’s stock valued at $510,000 after acquiring an additional 735 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of 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. Finally, Sanctuary Advisors LLC bought a new stake in SS&C Technologies in the second quarter valued at approximately $1,904,000. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Activity at SS&C Technologies

In other SS&C Technologies news, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies stock in a transaction 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 completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William C. Stone sold 247,300 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 31,837,926 shares in the company, valued at $2,439,103,510.86. This trade represents a 0.77 % 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 worth $34,461,478 in the last 90 days. Corporate insiders own 15.40% of the company’s stock.

SS&C Technologies Stock Performance

Shares of SSNC stock opened at $80.95 on Friday. The stock has a market capitalization of $20.05 billion, a PE ratio of 29.01 and a beta of 1.37. The business’s 50 day simple moving average is $77.15 and its 200 day simple moving average is $74.45. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. SS&C Technologies Holdings, Inc. has a one year low of $59.53 and a one year high of $81.92.

SS&C Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend was Monday, December 2nd. SS&C Technologies’s dividend payout ratio is 35.84%.

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.