Sumitomo Mitsui Trust Group Inc. boosted its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 10.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Unigestion Holding SA lifted its holdings in SS&C Technologies by 861.7% in the 1st quarter. Unigestion Holding SA now owns 95,341 shares of the technology company's stock valued at $7,964,000 after purchasing an additional 85,427 shares in the last quarter. Ritholtz Wealth Management purchased a new position in SS&C Technologies in the 1st quarter valued at $509,000. Thompson Siegel & Walmsley LLC lifted its holdings in SS&C Technologies by 993.0% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 355,286 shares of the technology company's stock valued at $26,924,000 after purchasing an additional 322,781 shares in the last quarter. Boston Partners lifted its holdings 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 valued at $400,161,000 after purchasing an additional 3,901,227 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in SS&C Technologies by 11.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 163,063 shares of the technology company's stock valued at $12,401,000 after purchasing an additional 16,987 shares in the last quarter. Institutional investors and hedge funds own 96.95% of the company's stock.
SS&C Technologies Trading Up 0.6%
NASDAQ SSNC traded up $0.49 during trading on Friday, hitting $83.51. The stock had a trading volume of 992,907 shares, compared to its average volume of 1,330,578. The company 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. The firm has a 50 day moving average price of $79.79 and a 200 day moving average price of $80.28. SS&C Technologies Holdings, Inc. has a twelve month low of $61.13 and a twelve month high of $89.73.
SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.03. The firm had revenue of $1.51 billion during 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 firm's revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.28 earnings per share. As a group, equities research 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.25 per share. 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 is presently 31.06%.
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 owned 12,476 shares of the company's stock, valued at approximately $997,081.92. This represents a 50.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan E. Michael bought 2,700 shares of SS&C Technologies stock in a transaction that occurred on Thursday, May 1st. The shares were acquired at an average price of $75.53 per share, for a total transaction of $203,931.00. Following the completion of the transaction, the director directly owned 72,776 shares of the company's stock, valued at $5,496,771.28. This trade 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.
Analyst Ratings Changes
Several research analysts have recently commented on the company. Needham & Company LLC reduced their price target on SS&C Technologies from $105.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, April 25th. DA Davidson reduced their price objective on shares of SS&C Technologies from $100.00 to $94.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Raymond James Financial reduced their price objective on shares of SS&C Technologies from $95.00 to $90.00 and set a "strong-buy" rating on the stock in a report on Friday, April 25th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $86.00 price objective (down from $90.00) on shares of SS&C Technologies in a report on Friday, April 25th. Finally, Wall Street Zen upgraded shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a report on Friday, May 16th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, SS&C Technologies has a consensus rating of "Buy" and an average target price of $91.86.
Check Out Our Latest Stock Report on SS&C Technologies
SS&C Technologies Company Profile
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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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