Mirae Asset Global Investments Co. Ltd. Has $6.34 Million Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Mirae Asset Global Investments Co. Ltd. increased its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 403.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 75,865 shares of the technology company's stock after purchasing an additional 60,784 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in SS&C Technologies were worth $6,337,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Boston Partners increased its position in SS&C Technologies by 283.1% in the 4th quarter. Boston Partners now owns 5,279,386 shares of the technology company's stock worth $400,161,000 after buying an additional 3,901,227 shares during the period. Norges Bank bought a new position in SS&C Technologies in the 4th quarter worth approximately $205,475,000. Bank of America Corp DE increased its position in SS&C Technologies by 64.9% in the 4th quarter. Bank of America Corp DE now owns 2,235,142 shares of the technology company's stock worth $169,379,000 after buying an additional 880,058 shares during the period. Senator Investment Group LP increased its position in SS&C Technologies by 133.7% in the 4th quarter. Senator Investment Group LP now owns 1,519,175 shares of the technology company's stock worth $115,123,000 after buying an additional 869,175 shares during the period. Finally, AQR Capital Management LLC increased its position in SS&C Technologies by 52.4% in the 4th quarter. AQR Capital Management LLC now owns 2,270,232 shares of the technology company's stock worth $172,038,000 after buying an additional 780,616 shares during the period. 96.95% of the stock is currently owned by institutional investors and hedge funds.

SS&C Technologies Price Performance

NASDAQ:SSNC traded up $0.49 during trading hours on Friday, reaching $83.51. The company had a trading volume of 992,907 shares, compared to its average volume of 1,330,578. The stock has a 50-day moving average of $79.79 and a two-hundred day moving average of $80.28. SS&C Technologies Holdings, Inc. has a one year low of $61.13 and a one year high of $89.73. The firm has a market capitalization of $20.60 billion, a PE ratio of 25.93 and a beta of 1.23. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.00.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings results 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 18.68% and a net margin of 13.69%. The firm had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.50 billion. During the same period in the prior year, the business posted $1.28 earnings per share. The business's revenue was up 5.5% compared to the same quarter last year. Analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Monday, June 2nd. SS&C Technologies's dividend payout ratio (DPR) is 31.06%.

Wall Street Analyst Weigh In

Several research analysts have commented on SSNC shares. Needham & Company LLC dropped their price target on SS&C Technologies from $105.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Wall Street Zen upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. DA Davidson lowered their price objective on SS&C Technologies from $100.00 to $94.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Raymond James Financial lowered their price objective on SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating on the stock in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $86.00 price objective (down from $90.00) on shares of SS&C Technologies in a research report on Friday, April 25th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, SS&C Technologies currently has an average rating of "Buy" and a consensus target price of $91.86.

Insiders Place Their Bets

In other SS&C Technologies news, Director Michael Jay Zamkow sold 12,500 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $79.92, for a total value of $999,000.00. Following the sale, the director directly owned 12,476 shares in the company, valued at $997,081.92. This represents a 50.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jonathan E. Michael acquired 2,700 shares of SS&C Technologies stock in a transaction on Thursday, May 1st. The stock was acquired at an average cost of $75.53 per share, for a total transaction of $203,931.00. Following the purchase, the director owned 72,776 shares of the company's stock, 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. Corporate 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.