Greenhouse Funds LLLP Boosts Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Greenhouse Funds LLLP boosted its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 30.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,050,592 shares of the technology company's stock after acquiring an additional 247,573 shares during the quarter. SS&C Technologies comprises about 3.3% of Greenhouse Funds LLLP's investment portfolio, making the stock its 15th biggest position. Greenhouse Funds LLLP owned 0.42% of SS&C Technologies worth $79,614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SSNC shares. Needham & Company LLC reduced their target price 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. Raymond James reduced their price objective on SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating on the stock in a report on Friday. Jefferies Financial Group upgraded SS&C Technologies from a "hold" rating to a "buy" rating and upped their target price for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. UBS Group increased 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. Finally, DA Davidson decreased their price objective on SS&C Technologies from $102.00 to $100.00 and set a "buy" rating for the company in a report on Friday, April 11th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $92.71.

Insider Buying and Selling

In other news, Director Michael Jay Zamkow sold 23,000 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the sale, the director now directly owns 23,200 shares of the company's stock, valued at $2,050,648. The trade was a 49.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $88.96, for a total value of $6,316,160.00. Following the completion of the transaction, the senior vice president now directly owns 6,412 shares in the company, valued at approximately $570,411.52. The trade was a 91.72 % 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 Down 6.1 %

Shares of SSNC traded down $4.74 during trading hours on Friday, hitting $72.69. The company had a trading volume of 4,652,949 shares, compared to its average volume of 1,267,025. SS&C Technologies Holdings, Inc. has a one year low of $60.01 and a one year high of $89.73. The company's fifty day moving average price is $81.25 and its two-hundred day moving average price is $78.57. The company has a market capitalization of $17.91 billion, a PE ratio of 24.23 and a beta of 1.31. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last released its quarterly earnings results 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 net margin of 12.93% and a return on equity of 18.30%. As a group, equities analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.25 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.38%. SS&C Technologies's payout ratio is 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.