Nomura Holdings Inc. Purchases New Shares in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Nomura Holdings Inc. bought a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 79,847 shares of the technology company's stock, valued at approximately $6,051,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kestra Investment Management LLC bought a new stake in shares of SS&C Technologies during the fourth quarter valued at approximately $39,000. Parkside Financial Bank & Trust raised its stake in SS&C Technologies by 76.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock valued at $40,000 after acquiring an additional 229 shares in the last quarter. Colonial Trust Co SC boosted its position in SS&C Technologies by 239.3% during the 4th quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock worth $42,000 after acquiring an additional 390 shares during the period. Financial Perspectives Inc bought a new position in shares of SS&C Technologies in the fourth quarter worth $51,000. Finally, Rialto Wealth Management LLC bought a new stake in shares of SS&C Technologies during the fourth quarter valued at about $64,000. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on SSNC. Needham & Company LLC decreased their target price on shares of SS&C Technologies from $105.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, April 25th. UBS Group raised their price objective on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. StockNews.com raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th. Jefferies Financial Group raised SS&C Technologies from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $70.00 to $94.00 in a research note on Monday, February 3rd. Finally, DA Davidson decreased their target price on SS&C Technologies from $100.00 to $94.00 and set a "buy" rating for the company in a research note on Monday, April 28th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, SS&C Technologies currently has a consensus rating of "Buy" and an average price target of $91.86.

SS&C Technologies Stock Down 1.0%

SS&C Technologies stock traded down $0.84 during mid-day trading on Wednesday, hitting $79.55. 226,255 shares of the company's stock were exchanged, compared to its average volume of 1,308,302. SS&C Technologies Holdings, Inc. has a 1-year low of $60.01 and a 1-year high of $89.73. The stock has a 50 day moving average of $78.38 and a two-hundred day moving average of $79.05. 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 $19.62 billion, a P/E ratio of 26.49 and a beta of 1.24.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The technology company reported $1.44 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.03. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the business earned $1.28 EPS. The firm's revenue was up 5.5% compared to the same quarter last year. As a group, analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Michael Jay Zamkow sold 12,500 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $79.92, for a total transaction of $999,000.00. Following the transaction, the director now owns 12,476 shares of the company's stock, valued at approximately $997,081.92. The trade was a 50.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jonathan E. Michael acquired 2,700 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was acquired at an average price of $75.53 per share, with a total value of $203,931.00. Following the purchase, the director now owns 72,776 shares in the company, valued at approximately $5,496,771.28. This represents a 3.85% increase in their position. The disclosure for this purchase can be found here. Insiders own 16.40% of the company's stock.

About SS&C Technologies

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.