Forsta AP Fonden Has $2.95 Million Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Forsta AP Fonden lifted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 26.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,800 shares of the technology company's stock after acquiring an additional 8,400 shares during the period. Forsta AP Fonden's holdings in SS&C Technologies were worth $2,954,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Quent Capital LLC boosted its position in SS&C Technologies by 76.8% during the 1st quarter. Quent Capital LLC now owns 396 shares of the technology company's stock worth $25,000 after acquiring an additional 172 shares during the last quarter. Tectonic Advisors LLC lifted its position in shares of SS&C Technologies by 2.9% in the third quarter. Tectonic Advisors LLC now owns 7,064 shares of the technology company's stock worth $524,000 after purchasing an additional 198 shares in the last quarter. Summit Trail Advisors LLC boosted its holdings in SS&C Technologies by 2.9% during the second quarter. Summit Trail Advisors LLC now owns 7,112 shares of the technology company's stock worth $446,000 after purchasing an additional 203 shares during the last quarter. Benjamin Edwards Inc. grew its position in SS&C Technologies by 43.3% in the second quarter. Benjamin Edwards Inc. now owns 675 shares of the technology company's stock valued at $42,000 after purchasing an additional 204 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its stake in SS&C Technologies by 0.4% in the 3rd quarter. Wedge Capital Management L L P NC now owns 51,497 shares of the technology company's stock valued at $3,822,000 after buying an additional 206 shares during the last quarter. 96.95% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Stock Performance

SS&C Technologies stock traded up $0.35 during mid-day trading on Wednesday, hitting $70.80. 1,266,993 shares of the company's stock traded hands, compared to its average volume of 1,053,893. SS&C Technologies Holdings, Inc. has a fifty-two week low of $48.82 and a fifty-two week high of $77.02. The stock has a market cap of $17.51 billion, a price-to-earnings ratio of 28.21 and a beta of 1.38. The firm has a 50 day simple moving average of $74.27 and a two-hundred day simple moving average of $67.91. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.16 and a quick ratio of 1.16.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its earnings results on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.26 by $0.03. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. SS&C Technologies had a net margin of 12.26% and a return on equity of 17.62%. SS&C Technologies's revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.04 EPS. On average, research analysts expect that SS&C Technologies Holdings, Inc. will post 4.66 EPS for the current fiscal year.

SS&C Technologies announced that its board has initiated a stock repurchase program on Thursday, July 25th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 5.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its stock is undervalued.

SS&C Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.25 per share. This is a boost from SS&C Technologies's previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 1.41%. The ex-dividend date was Tuesday, September 3rd. SS&C Technologies's dividend payout ratio (DPR) is presently 39.84%.

Insider Activity at SS&C Technologies

In other SS&C Technologies news, Director Smita Conjeevaram sold 48,500 shares of the company's stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $70.82, for a total value of $3,434,770.00. Following the transaction, the director now directly owns 9,576 shares of the company's stock, valued at $678,172.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other SS&C Technologies news, Director Smita Conjeevaram sold 48,500 shares of the business's stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $70.82, for a total value of $3,434,770.00. Following the completion of the sale, the director now owns 9,576 shares of the company's stock, valued at $678,172.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Rahul Kanwar sold 412,190 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $73.13, for a total transaction of $30,143,454.70. Following the transaction, the chief operating officer now directly owns 57,642 shares in the company, valued at $4,215,359.46. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 609,690 shares of company stock worth $44,821,055 in the last ninety days. 15.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Needham & Company LLC restated a "buy" rating and set a $90.00 price objective on shares of SS&C Technologies in a research note on Friday, October 25th. Royal Bank of Canada raised their price target on SS&C Technologies from $75.00 to $86.00 and gave the company an "outperform" rating in a research note on Thursday, September 19th. DA Davidson reiterated a "buy" rating and set a $92.00 price objective on shares of SS&C Technologies in a research note on Thursday, October 10th. Raymond James increased their price objective on SS&C Technologies from $79.00 to $85.00 and gave the company a "strong-buy" rating in a report on Friday, October 25th. Finally, StockNews.com downgraded shares of SS&C Technologies from a "strong-buy" rating to a "buy" rating in a report on Monday. Two equities 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 stock. According to MarketBeat.com, SS&C Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $77.75.

SS&C Technologies Profile

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.