SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lifted its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 10.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 535,730 shares of the technology company's stock after acquiring an additional 49,496 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.22% of SS&C Technologies worth $44,750,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of SSNC. Atwood & Palmer Inc. raised its holdings in SS&C Technologies by 125.8% during the first quarter. Atwood & Palmer Inc. now owns 298 shares of the technology company's stock worth $25,000 after purchasing an additional 166 shares during the last quarter. Parkside Financial Bank & Trust increased its position in shares of SS&C Technologies by 76.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 530 shares of the technology company's stock valued at $40,000 after buying an additional 229 shares in the last quarter. Colonial Trust Co SC increased its position in shares of SS&C Technologies by 239.3% in the fourth quarter. Colonial Trust Co SC now owns 553 shares of the technology company's stock valued at $42,000 after buying an additional 390 shares in the last quarter. True Wealth Design LLC raised its stake in shares of SS&C Technologies by 163.6% during the 4th quarter. True Wealth Design LLC now owns 551 shares of the technology company's stock worth $42,000 after buying an additional 342 shares during the last quarter. Finally, Rialto Wealth Management LLC purchased a new stake in shares of SS&C Technologies in the 4th quarter worth about $64,000. Institutional investors and hedge funds own 96.95% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SSNC. Raymond James Financial dropped their target price on shares of SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating for the company in a report on Friday, April 25th. Needham & Company LLC reduced their target price on SS&C Technologies from $105.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Wall Street Zen raised SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $86.00 price target (down from $90.00) on shares of SS&C Technologies in a report on Friday, April 25th. Finally, DA Davidson decreased their price objective 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 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 MarketBeat, SS&C Technologies presently has a consensus rating of "Buy" and a consensus target price of $91.86.

Insider Activity

In related news, Director Michael Jay Zamkow sold 12,500 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $79.92, for a total value of $999,000.00. Following the completion of the sale, the director directly owned 12,476 shares in the company, valued at approximately $997,081.92. The trade was a 50.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan E. Michael purchased 2,700 shares of the business's stock in a transaction on Thursday, May 1st. The shares were bought 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 $5,496,771.28. This trade represents a 3.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 16.40% of the company's stock.

SS&C Technologies Trading Up 0.6%

SSNC stock traded up $0.49 during midday trading on Thursday, hitting $83.51. The stock had a trading volume of 992,907 shares, compared to its average volume of 1,326,908. The company's 50-day moving average price is $79.57 and its 200 day moving average price is $80.19. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market cap of $20.60 billion, a PE ratio of 25.93 and a beta of 1.23. SS&C Technologies Holdings, Inc. has a 12-month low of $61.13 and a 12-month high of $89.73.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The technology company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.03. The business had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.50 billion. SS&C Technologies had a return on equity of 18.68% and a net margin of 13.69%. The business's revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.28 earnings per share. On average, equities research analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.25 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.20%. SS&C Technologies's payout ratio is currently 31.06%.

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.