Forum Financial Management LP Increases Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Forum Financial Management LP lifted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 96.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,264 shares of the technology company's stock after acquiring an additional 3,563 shares during the quarter. Forum Financial Management LP's holdings in SS&C Technologies were worth $550,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Kestra Investment Management LLC acquired a new stake in shares of SS&C Technologies in the 4th quarter valued at $39,000. Parkside Financial Bank & Trust increased its holdings in SS&C Technologies by 76.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock valued at $40,000 after buying an additional 229 shares during the last quarter. Financial Perspectives Inc purchased a new stake in SS&C Technologies during the 4th quarter worth about $51,000. Rialto Wealth Management LLC acquired a new position in shares of SS&C Technologies during the 4th quarter worth about $64,000. Finally, CENTRAL TRUST Co purchased a new position in shares of SS&C Technologies in the 4th quarter valued at about $65,000. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at SS&C Technologies

In related news, SVP Jason Douglas White sold 71,000 shares of the company's stock in a transaction that occurred on 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 sale, 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies stock in a transaction 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 directly owns 23,200 shares of the company's stock, valued at approximately $2,050,648. This represents a 49.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 16.40% of the company's stock.

SS&C Technologies Stock Performance

Shares of NASDAQ:SSNC traded up $0.90 on Wednesday, reaching $76.39. The company's stock had a trading volume of 988,918 shares, compared to its average volume of 1,251,864. 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 52-week low of $60.01 and a 52-week high of $89.73. The stock's 50-day moving average is $81.80 and its two-hundred day moving average is $78.52. The stock has a market capitalization of $18.82 billion, a P/E ratio of 25.46 and a beta of 1.31.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share 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%. As a group, sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Announces Dividend

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

Analyst Ratings Changes

A number of brokerages recently issued reports on SSNC. StockNews.com raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Monday, February 10th. Needham & Company LLC increased their target price on shares of SS&C Technologies from $90.00 to $105.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Raymond James boosted their price target on shares of SS&C Technologies from $85.00 to $95.00 and gave the company a "strong-buy" rating in a research report on Friday, February 7th. Jefferies Financial Group raised SS&C Technologies from a "hold" rating to a "buy" rating and raised their price objective for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. Finally, Royal Bank of Canada boosted their target price on SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $97.17.

SS&C Technologies 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.