Mitsubishi UFJ Trust & Banking Corp Sells 3,923 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 254,548 shares of the technology company's stock after selling 3,923 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.10% of SS&C Technologies worth $19,290,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in SS&C Technologies by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 20,215,026 shares of the technology company's stock worth $1,531,895,000 after buying an additional 239,438 shares during the last quarter. Janus Henderson Group PLC increased its holdings in SS&C Technologies by 5.4% in the 3rd quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company's stock worth $1,191,774,000 after acquiring an additional 817,501 shares during the last quarter. State Street Corp lifted its holdings in SS&C Technologies by 2.2% during the third quarter. State Street Corp now owns 5,624,174 shares of the technology company's stock valued at $417,370,000 after purchasing an additional 121,223 shares during the last quarter. Boston Partners lifted its holdings in SS&C Technologies by 283.1% during the fourth 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 during the last quarter. Finally, Cantillon Capital Management LLC increased its stake in shares of SS&C Technologies by 0.6% in the fourth quarter. Cantillon Capital Management LLC now owns 4,533,081 shares of the technology company's stock worth $343,517,000 after purchasing an additional 25,895 shares in the last quarter. 96.95% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

SSNC has been the topic of a number of recent research reports. Raymond James upped their price target on shares of SS&C Technologies from $85.00 to $95.00 and gave the company a "strong-buy" rating in a research note on Friday, February 7th. UBS Group raised their price target on SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Jefferies Financial Group upgraded SS&C Technologies from a "hold" rating to a "buy" rating and boosted their price objective for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. Needham & Company LLC raised their target price on SS&C Technologies from $90.00 to $105.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Finally, DA Davidson upped their price target on SS&C Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, SS&C Technologies has a consensus rating of "Buy" and a consensus target price of $97.50.

Insider Transactions at SS&C Technologies

In other SS&C Technologies 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 transaction of $6,316,160.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total value of $2,032,970.00. Following the completion of the transaction, the director now owns 23,200 shares of the company's stock, valued at $2,050,648. The trade was a 49.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.40% of the stock is currently owned by insiders.

SS&C Technologies Price Performance

NASDAQ SSNC traded down $0.53 during trading on Tuesday, reaching $83.00. The company's stock had a trading volume of 984,730 shares, compared to its average volume of 1,216,880. The firm has a fifty day moving average of $84.30 and a 200 day moving average of $78.42. SS&C Technologies Holdings, Inc. has a one year low of $59.63 and a one year high of $89.73. The stock has a market capitalization of $20.46 billion, a PE ratio of 27.67 and a beta of 1.36. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21.

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

SS&C Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Monday, March 3rd. SS&C Technologies's dividend payout ratio (DPR) is currently 33.33%.

SS&C Technologies Company 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.