SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 17.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,081 shares of the technology company’s stock after purchasing an additional 2,216 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in SS&C Technologies were worth $1,142,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Janus Henderson Group PLC lifted its stake in SS&C Technologies by 5.4% in the third quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company’s stock worth $1,191,774,000 after acquiring an additional 817,501 shares during the last quarter. State Street Corp lifted its position in shares of SS&C Technologies by 2.2% during the 3rd quarter. State Street Corp now owns 5,624,174 shares of the technology company’s stock worth $417,370,000 after purchasing an additional 121,223 shares during the last quarter. FMR LLC grew its stake in shares of SS&C Technologies by 1.5% during the third quarter. FMR LLC now owns 3,984,057 shares of the technology company’s stock worth $295,657,000 after purchasing an additional 58,389 shares in the last quarter. Geode Capital Management LLC raised its stake in SS&C Technologies by 1.8% in the third quarter. Geode Capital Management LLC now owns 3,621,022 shares of the technology company’s stock valued at $268,075,000 after buying an additional 64,299 shares in the last quarter. Finally, Alkeon Capital Management LLC lifted its holdings in SS&C Technologies by 9.4% during the 3rd quarter. Alkeon Capital Management LLC now owns 2,316,252 shares of the technology company’s stock worth $171,889,000 after buying an additional 198,111 shares during the last quarter. 96.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SSNC shares. UBS Group boosted their target price 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. StockNews.com upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday. DA Davidson boosted their price target on shares of SS&C Technologies from $92.00 to $102.00 and gave the company a “buy” rating in a research report on Monday. Jefferies Financial Group raised SS&C Technologies from a “hold” rating to a “buy” rating and raised their price objective for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. Finally, Royal Bank of Canada upped their target price 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. One analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $89.50.

Insider Buying and Selling at SS&C Technologies

In other SS&C Technologies news, CEO William C. Stone sold 247,300 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $76.61, for a total value of $18,945,653.00. Following the sale, the chief executive officer now owns 31,837,926 shares of the company’s stock, valued at $2,439,103,510.86. This represents a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jason Douglas White sold 69,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total value of $5,317,830.00. Following the completion of the sale, the senior vice president now directly owns 6,412 shares in the company, valued at approximately $494,172.84. The trade was a 91.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 449,000 shares of company stock valued at $34,461,478. Corporate insiders own 15.40% of the company’s stock.

SS&C Technologies Stock Performance

NASDAQ:SSNC opened at $86.71 on Wednesday. SS&C Technologies Holdings, Inc. has a 1-year low of $59.53 and a 1-year high of $87.54. The firm has a market cap of $21.48 billion, a price-to-earnings ratio of 28.90 and a beta of 1.38. 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 firm’s fifty day moving average price is $78.10 and its 200 day moving average price is $75.32.

SS&C Technologies (NASDAQ:SSNC) last issued its earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts expect that SS&C Technologies Holdings, Inc. will post 5.26 EPS for the current year.

SS&C Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Monday, December 2nd. 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.