Delphi Management Inc. MA Buys 182 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Delphi Management Inc. MA boosted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,883 shares of the technology company’s stock after acquiring an additional 182 shares during the period. SS&C Technologies accounts for approximately 1.5% of Delphi Management Inc. MA’s holdings, making the stock its 11th biggest holding. Delphi Management Inc. MA’s holdings in SS&C Technologies were worth $1,583,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SSNC. Steward Partners Investment Advisory LLC raised its position in shares of SS&C Technologies by 16.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 885 shares of the technology company’s stock worth $67,000 after purchasing an additional 123 shares during the last quarter. SkyView Investment Advisors LLC increased its position in shares of SS&C Technologies by 2.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company’s stock valued at $475,000 after purchasing an additional 137 shares during the last quarter. Global Retirement Partners LLC increased its position in shares of SS&C Technologies by 11.8% during the 4th quarter. Global Retirement Partners LLC now owns 1,417 shares of the technology company’s stock valued at $107,000 after purchasing an additional 149 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of SS&C Technologies by 15.7% during the 4th quarter. Farther Finance Advisors LLC now owns 1,163 shares of the technology company’s stock valued at $88,000 after purchasing an additional 158 shares during the last quarter. Finally, Legacy Capital Group California Inc. increased its position in shares of SS&C Technologies by 5.8% during the 4th quarter. Legacy Capital Group California Inc. now owns 3,003 shares of the technology company’s stock valued at $228,000 after purchasing an additional 164 shares during the last quarter. Institutional investors own 96.95% of the company’s stock.

Insider Activity at SS&C Technologies

In related news, SVP Jason Douglas White sold 71,000 shares of the firm’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 completion of the sale, the senior vice president now directly owns 6,412 shares in the company, valued at $570,411.52. This trade represents a 91.72 % 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, Director Michael Jay Zamkow sold 23,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total value of $2,032,970.00. Following the completion of the sale, the director now owns 23,200 shares of the company’s stock, valued at approximately $2,050,648. This represents a 49.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

SSNC has been the subject of several analyst reports. Needham & Company LLC increased their target price on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, February 7th. UBS Group increased their target price on shares of SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Raymond James increased their target price on shares of SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a report on Friday, February 7th. Royal Bank of Canada increased their target price on shares of SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Finally, DA Davidson increased their target price on shares of SS&C Technologies from $92.00 to $102.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $97.50.

SS&C Technologies Trading Up 0.8 %

SSNC stock opened at $82.09 on Tuesday. The firm has a fifty day moving average price of $83.07 and a 200 day moving average price of $77.71. SS&C Technologies Holdings, Inc. has a fifty-two week low of $59.63 and a fifty-two week 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 firm has a market cap of $20.23 billion, a PE ratio of 27.36 and a beta of 1.36.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.09. SS&C Technologies had a net margin of 12.93% and a return on equity of 18.30%. Sell-side analysts anticipate 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 announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Monday, March 3rd. SS&C Technologies’s dividend payout ratio (DPR) is presently 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.