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SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

SS&C Technologies logo with Computer and Technology background

Key Points

  • Mitsubishi UFJ Asset Management increased its stake in SS&C Technologies by 10.0%, holding 179,352 shares valued at approximately $14.98 million.
  • Wall Street analysts have raised their price targets for SS&C Technologies, with estimates ranging from $88.00 to $108.00, suggesting a positive outlook and a consensus average rating of "Buy."
  • SS&C Technologies reported Q2 earnings of $1.45 EPS, exceeding estimates and marking a year-over-year revenue increase of 5.9%, illustrating strong financial performance.
  • Want stock alerts on SS&C Technologies? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 10.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 179,352 shares of the technology company's stock after buying an additional 16,289 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.07% of SS&C Technologies worth $14,981,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of SSNC. Wellington Management Group LLP lifted its position in SS&C Technologies by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 3,193 shares of the technology company's stock worth $242,000 after buying an additional 161 shares during the last quarter. Bank of Montreal Can lifted its position in SS&C Technologies by 3.1% in the fourth quarter. Bank of Montreal Can now owns 114,947 shares of the technology company's stock worth $8,711,000 after buying an additional 3,450 shares during the last quarter. Invesco Ltd. lifted its position in SS&C Technologies by 18.3% in the fourth quarter. Invesco Ltd. now owns 470,526 shares of the technology company's stock worth $35,656,000 after buying an additional 72,775 shares during the last quarter. Raymond James Financial Inc. bought a new stake in SS&C Technologies in the fourth quarter worth $49,179,000. Finally, Townsquare Capital LLC lifted its position in SS&C Technologies by 51.5% in the fourth quarter. Townsquare Capital LLC now owns 5,161 shares of the technology company's stock worth $391,000 after buying an additional 1,754 shares during the last quarter. 96.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on SSNC shares. DA Davidson lifted their target price on SS&C Technologies from $98.00 to $102.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. UBS Group lifted their target price on SS&C Technologies from $105.00 to $108.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Needham & Company LLC lifted their target price on SS&C Technologies from $90.00 to $100.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Wall Street Zen upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. Finally, Raymond James Financial lifted their target price on SS&C Technologies from $90.00 to $95.00 and gave the stock a "strong-buy" rating in a research report on Thursday, July 24th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $97.13.

Check Out Our Latest Report on SS&C Technologies

SS&C Technologies Stock Down 1.2%

SSNC traded down $1.02 on Friday, hitting $86.83. The company had a trading volume of 1,222,305 shares, compared to its average volume of 1,281,585. The stock has a fifty day moving average price of $83.37 and a 200-day moving average price of $81.84. SS&C Technologies Holdings, Inc. has a 12-month low of $66.83 and a 12-month high of $89.73. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $21.21 billion, a price-to-earnings ratio of 27.22 and a beta of 1.25.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.06. SS&C Technologies had a return on equity of 18.92% and a net margin of 13.34%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the previous year, the firm earned $1.27 earnings per share. The firm's quarterly revenue was up 5.9% compared to the same quarter last year. Analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.25 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.2%. SS&C Technologies's payout ratio is presently 31.35%.

SS&C Technologies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for SS&C Technologies (NASDAQ:SSNC)

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