Aristides Capital LLC Grows Stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Aristides Capital LLC increased its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 12.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,510 shares of the technology company’s stock after buying an additional 4,910 shares during the period. SS&C Technologies accounts for approximately 0.7% of Aristides Capital LLC’s portfolio, making the stock its 20th largest holding. Aristides Capital LLC’s holdings in SS&C Technologies were worth $3,449,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new stake in shares of SS&C Technologies in the 4th quarter valued at about $39,000. Parkside Financial Bank & Trust raised its stake 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 purchasing an additional 229 shares in the last quarter. Financial Perspectives Inc bought a new stake in SS&C Technologies during the fourth quarter valued at approximately $51,000. Rialto Wealth Management LLC purchased a new position in SS&C Technologies in the 4th quarter worth approximately $64,000. Finally, CENTRAL TRUST Co bought a new position in shares of SS&C Technologies in the 4th quarter worth $65,000. Institutional investors own 96.95% of the company’s stock.

Insider Buying and Selling

In related news, SVP Jason Douglas White sold 71,000 shares of the company’s stock in a transaction 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 directly owns 6,412 shares of the company’s stock, valued at $570,411.52. This represents a 91.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Jay Zamkow sold 23,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were 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 $2,050,648. This represents a 49.78 % decrease in their position. The disclosure for this sale can be found here. 15.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SSNC. DA Davidson upped their target price on shares of SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Raymond James upped their target price on SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 7th. StockNews.com raised SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Jefferies Financial Group upgraded SS&C Technologies from a “hold” rating to a “buy” rating and increased their target price for the company from $70.00 to $94.00 in a report on Monday, February 3rd. Finally, UBS Group lifted their price target on SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, SS&C Technologies presently has an average rating of “Buy” and a consensus target price of $97.50.

SS&C Technologies Trading Down 7.0 %

SSNC opened at $74.35 on Friday. SS&C Technologies Holdings, Inc. has a one year low of $59.63 and a one year high of $89.73. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The business has a 50 day simple moving average of $84.27 and a two-hundred day simple moving average of $78.47. The firm has a market capitalization of $18.33 billion, a price-to-earnings ratio of 24.78 and a beta of 1.36.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. Analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current year.

SS&C Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Monday, March 3rd. SS&C Technologies’s dividend payout ratio is currently 33.33%.

SS&C Technologies Company 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.