Asset Management One Co. Ltd. Purchases 6,222 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Asset Management One Co. Ltd. increased its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 7.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,674 shares of the technology company's stock after purchasing an additional 6,222 shares during the period. Asset Management One Co. Ltd.'s holdings in SS&C Technologies were worth $6,521,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. SkyView Investment Advisors LLC increased its holdings in shares of SS&C Technologies by 2.2% in the 3rd quarter. SkyView Investment Advisors LLC now owns 6,400 shares of the technology company's stock worth $475,000 after buying an additional 137 shares during the last quarter. Foundations Investment Advisors LLC grew its position in SS&C Technologies by 5.6% in the fourth quarter. Foundations Investment Advisors LLC now owns 3,249 shares of the technology company's stock worth $246,000 after acquiring an additional 171 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in SS&C Technologies by 0.4% in the third quarter. Janney Montgomery Scott LLC now owns 46,282 shares of the technology company's stock valued at $3,435,000 after acquiring an additional 196 shares during the last quarter. Tectonic Advisors LLC raised its position in SS&C Technologies by 2.9% during the third quarter. Tectonic Advisors LLC now owns 7,064 shares of the technology company's stock valued at $524,000 after purchasing an additional 198 shares in the last quarter. Finally, Covestor Ltd lifted its stake in SS&C Technologies by 10.3% during the third quarter. Covestor Ltd now owns 2,262 shares of the technology company's stock worth $168,000 after purchasing an additional 212 shares during the last quarter. 96.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at SS&C Technologies

In related news, SVP Jason Douglas White sold 71,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total transaction 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 represents a 91.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William C. Stone sold 132,700 shares of the firm's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $76.85, for a total value of $10,197,995.00. Following the completion of the sale, the chief executive officer now directly owns 31,837,926 shares of the company's stock, valued at $2,446,744,613.10. The trade was a 0.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 520,000 shares of company stock valued at $40,777,638 in the last 90 days. Insiders own 15.40% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on SSNC. Raymond James increased their price objective on SS&C Technologies from $85.00 to $95.00 and gave the company a "strong-buy" rating in a research report on Friday, February 7th. DA Davidson increased their price target on shares of SS&C Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Jefferies Financial Group upgraded shares of SS&C Technologies from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $70.00 to $94.00 in a report on Monday, February 3rd. UBS Group upped their price objective on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Finally, Needham & Company LLC lifted their target price on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Five 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, SS&C Technologies currently has a consensus rating of "Buy" and a consensus target price of $97.50.

SS&C Technologies Trading Down 0.6 %

Shares of SS&C Technologies stock traded down $0.53 on Friday, hitting $88.60. The stock had a trading volume of 2,166,520 shares, compared to its average volume of 1,437,951. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a one year low of $59.63 and a one year high of $89.50. The stock's 50-day simple moving average is $79.81 and its two-hundred day simple moving average is $76.06. The stock has a market cap of $21.94 billion, a price-to-earnings ratio of 29.53 and a beta of 1.38.

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

SS&C Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.13%. SS&C Technologies's dividend payout ratio is presently 33.33%.

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.