FourThought Financial Partners LLC Trims Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

FourThought Financial Partners LLC cut its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.7% during the fourth quarter, Holdings Channel reports. The firm owned 28,860 shares of the technology company’s stock after selling 194 shares during the period. FourThought Financial Partners LLC’s holdings in SS&C Technologies were worth $2,187,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of the company. SkyView Investment Advisors LLC raised its holdings in shares of SS&C Technologies by 2.2% during the third quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company’s stock worth $475,000 after purchasing an additional 137 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in shares of SS&C Technologies by 11.8% in the 4th quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company’s stock valued at $107,000 after buying an additional 149 shares during the period. Legacy Capital Group California Inc. grew its holdings in SS&C Technologies by 5.8% during the fourth quarter. Legacy Capital Group California Inc. now owns 3,003 shares of the technology company’s stock worth $228,000 after acquiring an additional 164 shares during the period. Foundations Investment Advisors LLC raised its position in SS&C Technologies by 5.6% during the fourth quarter. Foundations Investment Advisors LLC now owns 3,249 shares of the technology company’s stock valued at $246,000 after acquiring an additional 171 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in SS&C Technologies by 0.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 46,282 shares of the technology company’s stock worth $3,435,000 after purchasing an additional 196 shares in the last quarter. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at SS&C Technologies

In related news, CEO William C. Stone sold 132,700 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $76.85, for a total value of $10,197,995.00. Following the completion of the sale, the chief executive officer now directly owns 31,837,926 shares of the company’s stock, valued at $2,446,744,613.10. The trade was a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of the firm’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 transaction, 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 451,000 shares of company stock valued at $35,459,808. 15.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SSNC. StockNews.com raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. DA Davidson upped their price target on SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Royal Bank of Canada boosted their price objective on SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Needham & Company LLC lifted their price target on shares of SS&C Technologies from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, UBS Group increased their price objective on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $97.50.

SS&C Technologies Stock Performance

NASDAQ SSNC opened at $88.65 on Tuesday. The stock has a fifty day simple moving average of $80.29 and a 200-day simple moving average of $76.42. SS&C Technologies Holdings, Inc. has a twelve month low of $59.63 and a twelve month high of $89.50. 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 stock has a market cap of $21.96 billion, a PE ratio of 29.55 and a beta of 1.38.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping 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%. Equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Monday, March 3rd. SS&C Technologies’s dividend payout ratio is currently 33.33%.

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.