Resona Asset Management Co. Ltd. Acquires Shares of 62,466 SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Resona Asset Management Co. Ltd. bought a new position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 62,466 shares of the technology company's stock, valued at approximately $4,736,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wells Fargo & Company MN lifted its stake in shares of SS&C Technologies by 11.1% in the 4th quarter. Wells Fargo & Company MN now owns 646,126 shares of the technology company's stock valued at $48,963,000 after purchasing an additional 64,565 shares during the last quarter. Prudential PLC acquired a new position in shares of SS&C Technologies during the 4th quarter valued at about $204,000. ExodusPoint Capital Management LP acquired a new stake in SS&C Technologies in the 4th quarter worth approximately $3,583,000. Grant Private Wealth Management Inc acquired a new position in SS&C Technologies during the fourth quarter valued at approximately $252,000. Finally, Motley Fool Asset Management LLC lifted its stake in shares of SS&C Technologies by 8.4% in the fourth quarter. Motley Fool Asset Management LLC now owns 3,648 shares of the technology company's stock worth $276,000 after buying an additional 282 shares during the last quarter. 96.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on SSNC. Jefferies Financial Group raised shares of SS&C Technologies from a "hold" rating to a "buy" rating and boosted their target price for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. Needham & Company LLC lifted their price target on SS&C Technologies from $90.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. DA Davidson lowered their price objective on shares of SS&C Technologies from $102.00 to $100.00 and set a "buy" rating on the stock in a research note on Friday. StockNews.com raised shares of SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Monday, February 10th. Finally, Royal Bank of Canada upped their target price on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $97.17.

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SS&C Technologies Trading Up 1.4 %

SS&C Technologies stock traded up $1.07 during trading hours on Monday, reaching $77.14. 216,254 shares of the company's stock traded hands, compared to its average volume of 1,238,044. SS&C Technologies Holdings, Inc. has a fifty-two week low of $59.63 and a fifty-two week high of $89.73. The firm's 50 day moving average is $83.42 and its 200-day moving average is $78.46. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market capitalization of $19.01 billion, a price-to-earnings ratio of 25.71 and a beta of 1.31.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. On average, analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

SS&C Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Monday, March 3rd. SS&C Technologies's dividend payout ratio (DPR) is presently 33.33%.

Insider Activity

In other news, SVP Jason Douglas White sold 71,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total value of $6,316,160.00. Following the completion of the transaction, the senior vice president now owns 6,412 shares in the company, valued at $570,411.52. This trade represents a 91.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Jay Zamkow sold 23,000 shares of the 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 transaction, the director now directly owns 23,200 shares of the company's stock, valued at $2,050,648. This trade represents a 49.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 15.40% 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.