Foundations Investment Advisors LLC Acquires 171 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Foundations Investment Advisors LLC boosted its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 5.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,249 shares of the technology company’s stock after purchasing an additional 171 shares during the period. Foundations Investment Advisors LLC’s holdings in SS&C Technologies were worth $246,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SSNC. Janus Henderson Group PLC lifted its stake 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 acquiring an additional 817,501 shares during the last quarter. KBC Group NV increased its stake in SS&C Technologies by 403.0% in 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 period. Point72 Asset Management L.P. lifted its position in SS&C Technologies by 250.9% in the third quarter. Point72 Asset Management L.P. now owns 593,700 shares of the technology company’s stock valued at $44,058,000 after purchasing an additional 424,487 shares during the last quarter. Two Sigma Advisers LP boosted its stake in shares of SS&C Technologies by 433.9% during the third quarter. Two Sigma Advisers LP now owns 415,400 shares of the technology company’s stock valued at $30,827,000 after purchasing an additional 337,600 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of 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 worth $66,581,000 after purchasing an additional 275,186 shares during the last quarter. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SSNC has been the subject of a number of recent analyst reports. Raymond James upped their price target on shares of SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a report on Friday, October 25th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of SS&C Technologies in a research note on Friday, October 25th. StockNews.com cut SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Finally, DA Davidson reaffirmed a “buy” rating and set a $92.00 price target on shares of SS&C Technologies in a research report on Thursday, October 10th. Two 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 company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $77.75.

Insiders Place Their Bets

In related news, CEO William C. Stone sold 132,700 shares of the business’s 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 sale, the chief executive officer now owns 31,837,926 shares of the company’s stock, valued at $2,446,744,613.10. The trade was a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Jason Douglas White sold 69,000 shares of the business’s stock in a transaction that occurred 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 approximately $494,172.84. This represents a 91.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 449,000 shares of company stock worth $34,461,478. 15.40% of the stock is owned by corporate insiders.

SS&C Technologies Stock Performance

SS&C Technologies stock opened at $80.95 on Friday. SS&C Technologies Holdings, Inc. has a fifty-two week low of $59.53 and a fifty-two week high of $81.92. The stock has a market cap of $20.05 billion, a price-to-earnings ratio of 29.01 and a beta of 1.37. The stock’s 50 day simple moving average is $77.15 and its two-hundred day simple moving average is $74.45. 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 Dividend Announcement

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

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.