Nuveen Asset Management LLC Lowers Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Nuveen Asset Management LLC reduced its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 8.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 373,332 shares of the technology company's stock after selling 33,208 shares during the quarter. Nuveen Asset Management LLC owned about 0.15% of SS&C Technologies worth $28,291,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SSNC. Investment Management Corp of Ontario increased its position in shares of SS&C Technologies by 87.5% during the 4th quarter. Investment Management Corp of Ontario now owns 13,831 shares of the technology company's stock valued at $1,048,000 after purchasing an additional 6,456 shares during the last quarter. Janus Henderson Group PLC increased its position in SS&C Technologies by 3.4% during the fourth quarter. Janus Henderson Group PLC now owns 16,598,958 shares of the technology company's stock valued at $1,257,869,000 after acquiring an additional 539,483 shares during the last quarter. Hudson Way Capital Management LLC raised its stake in shares of SS&C Technologies by 24.1% in the fourth quarter. Hudson Way Capital Management LLC now owns 1,027,741 shares of the technology company's stock valued at $77,882,000 after acquiring an additional 199,472 shares during the period. Hyperion Capital Advisors LP bought a new stake in shares of SS&C Technologies in the 4th quarter worth about $202,000. Finally, Gotham Asset Management LLC lifted its holdings in shares of SS&C Technologies by 2.0% in the 4th quarter. Gotham Asset Management LLC now owns 198,844 shares of the technology company's stock worth $15,068,000 after acquiring an additional 3,990 shares during the last quarter. 96.95% of the stock is owned by institutional investors.

SS&C Technologies Stock Up 1.1%

NASDAQ SSNC traded up $0.89 during trading on Friday, reaching $79.79. 1,135,292 shares of the company's stock traded hands, compared to its average volume of 1,315,832. SS&C Technologies Holdings, Inc. has a 12-month low of $60.01 and a 12-month high of $89.73. 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 has a market cap of $19.68 billion, a price-to-earnings ratio of 26.60 and a beta of 1.24. The company's 50 day simple moving average is $78.22 and its two-hundred day simple moving average is $79.19.

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

SS&C Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, June 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.25%. SS&C Technologies's dividend payout ratio is presently 31.06%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. restated a "neutral" rating and issued a $86.00 target price (down previously from $90.00) on shares of SS&C Technologies in a report on Friday, April 25th. Wall Street Zen upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. Jefferies Financial Group upgraded SS&C Technologies from a "hold" rating to a "buy" rating and boosted their price objective for the company from $70.00 to $94.00 in a report on Monday, February 3rd. Royal Bank of Canada upped their price objective 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. Finally, DA Davidson reduced their target price on SS&C Technologies from $100.00 to $94.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. One research analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, SS&C Technologies currently has a consensus rating of "Buy" and an average price target of $91.86.

Insider Transactions at SS&C Technologies

In related news, Director Michael Jay Zamkow sold 23,000 shares of SS&C Technologies stock in a transaction that occurred on Tuesday, February 25th. The shares were 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 directly owns 23,200 shares in the company, valued at $2,050,648. This trade represents a 49.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jonathan E. Michael acquired 2,700 shares of the stock in a transaction dated Thursday, May 1st. The shares were bought at an average price of $75.53 per share, with a total value of $203,931.00. Following the completion of the purchase, the director now directly owns 72,776 shares of the company's stock, valued at approximately $5,496,771.28. This trade 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.

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.