Aristides Capital LLC Acquires 4,910 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Aristides Capital LLC lifted its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 12.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,510 shares of the technology company's stock after purchasing an additional 4,910 shares during the period. SS&C Technologies accounts for about 0.7% of Aristides Capital LLC's holdings, making the stock its 20th biggest position. Aristides Capital LLC's holdings in SS&C Technologies were worth $3,449,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Boston Partners grew its position in SS&C Technologies by 283.1% during the fourth quarter. Boston Partners now owns 5,279,386 shares of the technology company's stock valued at $400,161,000 after buying an additional 3,901,227 shares during the period. Norges Bank purchased a new stake in shares of SS&C Technologies during the 4th quarter worth approximately $205,475,000. KBC Group NV raised its holdings in shares of 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. Raymond James Financial Inc. bought a new position in SS&C Technologies during the fourth quarter valued at $49,179,000. Finally, Russell Investments Group Ltd. raised its stake in shares of SS&C Technologies by 94.4% in the fourth quarter. Russell Investments Group Ltd. now owns 720,364 shares of the technology company's stock valued at $54,589,000 after buying an additional 349,820 shares during the period. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

SSNC has been the topic of a number of research reports. Raymond James boosted their price objective on SS&C Technologies from $85.00 to $95.00 and gave the company a "strong-buy" rating in a research note on Friday, February 7th. DA Davidson cut their price objective on shares of SS&C Technologies from $102.00 to $100.00 and set a "buy" rating for the company in a report on Friday. Royal Bank of Canada boosted their target price on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a report on Friday, February 7th. StockNews.com upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Monday, February 10th. Finally, UBS Group increased their price target on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $97.17.

Insider Activity at SS&C Technologies

In other news, SVP Jason Douglas White sold 71,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total value of $6,316,160.00. Following the completion of the sale, the senior vice president now owns 6,412 shares of the company's stock, valued at approximately $570,411.52. The trade was a 91.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael Jay Zamkow sold 23,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total value of $2,032,970.00. Following the transaction, the director now owns 23,200 shares in the company, 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. 15.40% of the stock is currently owned by insiders.

SS&C Technologies Price Performance

Shares of NASDAQ SSNC traded up $0.71 during midday trading on Friday, hitting $75.69. 646,808 shares of the company's stock were exchanged, compared to its average volume of 1,239,781. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The business's fifty day moving average price is $83.53 and its two-hundred day moving average price is $78.42. The company has a market cap of $18.66 billion, a price-to-earnings ratio of 25.14 and a beta of 1.31. SS&C Technologies Holdings, Inc. has a 12-month low of $59.63 and a 12-month high of $89.73.

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

SS&C Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.25 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.00 annualized dividend and a dividend yield of 1.32%. SS&C Technologies's dividend payout ratio (DPR) is presently 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.