SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Stock Position Decreased by Formula Growth Ltd.

Formula Growth Ltd. lessened its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,675 shares of the technology company’s stock after selling 1,000 shares during the period. Formula Growth Ltd.’s holdings in SS&C Technologies were worth $3,007,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SSNC. Forum Financial Management LP boosted its holdings in SS&C Technologies by 96.3% during the fourth quarter. Forum Financial Management LP now owns 7,264 shares of the technology company’s stock valued at $550,000 after acquiring an additional 3,563 shares during the period. GeoWealth Management LLC boosted its position in shares of SS&C Technologies by 996.6% during the 4th quarter. GeoWealth Management LLC now owns 3,509 shares of the technology company’s stock valued at $266,000 after acquiring an additional 3,189 shares in the last quarter. Capital International Investors boosted its holdings in SS&C Technologies by 7.0% during the fourth quarter. Capital International Investors now owns 1,148,398 shares of the technology company’s stock valued at $87,026,000 after purchasing an additional 75,106 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in SS&C Technologies by 15.4% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 318,638 shares of the technology company’s stock valued at $24,130,000 after buying an additional 42,619 shares in the last quarter. Finally, Dean Investment Associates LLC grew its holdings in shares of SS&C Technologies by 4.4% in the 4th quarter. Dean Investment Associates LLC now owns 46,869 shares of the technology company’s stock worth $3,552,000 after purchasing an additional 1,996 shares during the last quarter. Institutional investors own 96.95% of the company’s stock.

Insider Activity at SS&C Technologies

In other SS&C Technologies news, SVP Jason Douglas White sold 71,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total transaction of $6,316,160.00. Following the transaction, the senior vice president now owns 6,412 shares in the company, valued at $570,411.52. This represents a 91.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total value of $2,032,970.00. Following the sale, the director now owns 23,200 shares of the company’s stock, valued at approximately $2,050,648. The trade was a 49.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 16.40% of the stock is owned by company insiders.

SS&C Technologies Stock Performance

Shares of SSNC stock opened at $76.33 on Friday. The company’s fifty day simple moving average is $82.60 and its 200-day simple moving average is $78.49. SS&C Technologies Holdings, Inc. has a 12 month low of $60.01 and a 12 month high of $89.73. 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 $18.81 billion, a PE ratio of 25.44 and a beta of 1.31.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. Equities research analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.31%. SS&C Technologies’s dividend payout ratio (DPR) is 33.33%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SSNC shares. Royal Bank of Canada increased their price target on SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. DA Davidson lowered their price target on shares of SS&C Technologies from $102.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, April 11th. 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 report on Friday, February 7th. Needham & Company LLC increased their target price on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, UBS Group raised their price target on SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $97.17.

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.