Norris Perne & French LLP MI Sells 1,772 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Norris Perne & French LLP MI lessened its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 271,744 shares of the technology company’s stock after selling 1,772 shares during the quarter. SS&C Technologies accounts for about 1.5% of Norris Perne & French LLP MI’s investment portfolio, making the stock its 27th largest position. Norris Perne & French LLP MI owned 0.11% of SS&C Technologies worth $20,593,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the stock. Marshall Wace LLP boosted its position in SS&C Technologies by 42.8% in the second quarter. Marshall Wace LLP now owns 8,741 shares of the technology company’s stock valued at $548,000 after buying an additional 2,618 shares in the last quarter. Cubist Systematic Strategies LLC boosted its holdings in shares of SS&C Technologies by 183.9% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 10,225 shares of the technology company’s stock worth $641,000 after acquiring an additional 6,624 shares in the last quarter. Creative Planning increased its holdings in SS&C Technologies by 9.9% during the 2nd quarter. Creative Planning now owns 8,131 shares of the technology company’s stock valued at $510,000 after purchasing an additional 735 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position 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 purchasing an additional 1,657 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in SS&C Technologies in the second quarter worth $1,904,000. Institutional investors and hedge funds own 96.95% of the company’s stock.

SS&C Technologies Stock Up 1.2 %

Shares of NASDAQ SSNC opened at $81.22 on Friday. The firm has a 50 day moving average price of $77.05 and a 200 day moving average price of $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. The stock has a market cap of $20.12 billion, a P/E ratio of 29.11 and a beta of 1.37. SS&C Technologies Holdings, Inc. has a 52-week low of $59.53 and a 52-week high of $81.81.

SS&C Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Monday, December 2nd. SS&C Technologies’s payout ratio is presently 35.84%.

Wall Street Analysts Forecast Growth

Several research analysts 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. Raymond James raised 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. DA Davidson reissued a “buy” rating and issued a $92.00 target price on shares of SS&C Technologies in a research note on Thursday, October 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price target on shares of SS&C Technologies in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $77.75.

Insiders Place Their Bets

In other news, CEO William C. Stone sold 132,700 shares of the 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 transaction, the chief executive officer now directly owns 31,837,926 shares in the company, valued at $2,446,744,613.10. This represents a 0.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jason Douglas White sold 69,000 shares of SS&C Technologies stock in a transaction dated 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 in the company, valued at approximately $494,172.84. This represents a 91.50 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 449,000 shares of company stock worth $34,461,478. Corporate insiders own 15.40% of the company’s stock.

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.