Asset Management One Co. Ltd. Acquires 6,222 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Asset Management One Co. Ltd. boosted its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 7.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 85,674 shares of the technology company’s stock after purchasing an additional 6,222 shares during the quarter. Asset Management One Co. Ltd.’s holdings in SS&C Technologies were worth $6,521,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SkyView Investment Advisors LLC raised its holdings 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 worth $475,000 after acquiring an additional 137 shares in the last quarter. Foundations Investment Advisors LLC raised its holdings in shares of SS&C Technologies by 5.6% during the 4th quarter. Foundations Investment Advisors LLC now owns 3,249 shares of the technology company’s stock worth $246,000 after acquiring an additional 171 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of SS&C Technologies by 0.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 46,282 shares of the technology company’s stock worth $3,435,000 after acquiring an additional 196 shares in the last quarter. Tectonic Advisors LLC raised its holdings in shares of SS&C Technologies by 2.9% during the 3rd quarter. Tectonic Advisors LLC now owns 7,064 shares of the technology company’s stock worth $524,000 after acquiring an additional 198 shares in the last quarter. Finally, Covestor Ltd raised its holdings in shares of SS&C Technologies by 10.3% during the 3rd quarter. Covestor Ltd now owns 2,262 shares of the technology company’s stock worth $168,000 after acquiring an additional 212 shares in the last quarter. 96.95% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other SS&C Technologies news, SVP Jason Douglas White sold 69,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total value of $5,317,830.00. Following the sale, the senior vice president now owns 6,412 shares in the company, valued at $494,172.84. This trade represents a 91.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William C. Stone sold 132,700 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $76.85, for a total value of $10,197,995.00. Following the transaction, the chief executive officer now directly owns 31,837,926 shares in the company, valued at $2,446,744,613.10. The trade was a 0.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 449,000 shares of company stock worth $34,461,478 over the last quarter. Company insiders own 15.40% of the company’s stock.

SS&C Technologies Stock Performance

NASDAQ:SSNC opened at $89.08 on Wednesday. The stock’s fifty day moving average is $79.08 and its 200 day moving average is $75.75. SS&C Technologies Holdings, Inc. has a fifty-two week low of $59.63 and a fifty-two week high of $89.25. The firm has a market capitalization of $22.06 billion, a PE ratio of 29.69 and a beta of 1.38. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21.

SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share 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 anticipate that SS&C Technologies Holdings, Inc. will post 5.26 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.25 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.12%. SS&C Technologies’s payout ratio is 33.33%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SSNC. Royal Bank of Canada upped their price objective on SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Needham & Company LLC upped their price objective on 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 upped their price objective on SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Jefferies Financial Group upgraded SS&C Technologies from a “hold” rating to a “buy” rating and increased their price target for the company from $70.00 to $94.00 in a report on Monday, February 3rd. Finally, StockNews.com upgraded SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, February 10th. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, SS&C Technologies has an average rating of “Buy” and a consensus target price of $97.50.

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.