Forum Financial Management LP Purchases 3,563 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Forum Financial Management LP raised its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 96.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 7,264 shares of the technology company's stock after buying 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 SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SSNC. SG Americas Securities LLC bought a new stake in shares of SS&C Technologies during the fourth quarter valued at about $322,000. Janney Montgomery Scott LLC raised its position in SS&C Technologies by 3.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 48,009 shares of the technology company's stock worth $3,638,000 after acquiring an additional 1,727 shares in the last quarter. Running Oak Capital LLC raised its position in SS&C Technologies by 7.5% in the fourth quarter. Running Oak Capital LLC now owns 186,339 shares of the technology company's stock worth $14,121,000 after acquiring an additional 12,989 shares in the last quarter. AlphaMark Advisors LLC raised its position in SS&C Technologies by 4.1% in the fourth quarter. AlphaMark Advisors LLC now owns 10,359 shares of the technology company's stock worth $785,000 after acquiring an additional 412 shares in the last quarter. Finally, Archford Capital Strategies LLC raised its position in SS&C Technologies by 3.4% in the fourth quarter. Archford Capital Strategies LLC now owns 31,544 shares of the technology company's stock worth $2,390,000 after acquiring an additional 1,025 shares in the last quarter. 96.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SSNC shares. DA Davidson dropped their price target on shares of SS&C Technologies from $100.00 to $94.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Wall Street Zen upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. Needham & Company LLC dropped their price target on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Jefferies Financial Group upgraded shares of SS&C Technologies from a "hold" rating to a "buy" rating and boosted their price target for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. Finally, Royal Bank of Canada boosted their price target on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, SS&C Technologies presently has a consensus rating of "Buy" and a consensus price target of $91.86.

Insider Buying and Selling at SS&C Technologies

In other SS&C Technologies news, Director Jonathan E. Michael bought 2,700 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were bought at an average price of $75.53 per share, for a total transaction of $203,931.00. Following the acquisition, the director now directly owns 72,776 shares of the company's stock, valued at approximately $5,496,771.28. This trade represents a 3.85% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael Jay Zamkow sold 12,500 shares of SS&C Technologies stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $79.92, for a total value of $999,000.00. Following the sale, the director now directly owns 12,476 shares of the company's stock, valued at approximately $997,081.92. The trade was a 50.05% decrease in their position. The disclosure for this sale can be found here. Company insiders own 16.40% of the company's stock.

SS&C Technologies Trading Down 0.4%

Shares of NASDAQ:SSNC traded down $0.34 during mid-day trading on Friday, hitting $80.27. The stock had a trading volume of 226,800 shares, compared to its average volume of 1,505,975. The company's 50 day moving average is $78.05 and its 200-day moving average is $79.32. 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 debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market cap of $19.80 billion, a PE ratio of 26.76 and a beta of 1.24.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.03. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.50 billion. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. The company's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.28 earnings per share. On average, sell-side analysts predict 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 will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.25%. SS&C Technologies's payout ratio is presently 31.06%.

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.