Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 11.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 163,063 shares of the technology company's stock after buying an additional 16,987 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.07% of SS&C Technologies worth $12,401,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of SSNC. Vanguard Group Inc. boosted its position in shares of SS&C Technologies by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 20,215,026 shares of the technology company's stock valued at $1,531,895,000 after purchasing an additional 239,438 shares during the period. Janus Henderson Group PLC lifted its position in shares of 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 valued at $1,191,774,000 after acquiring an additional 817,501 shares in the last quarter. State Street Corp boosted its stake in SS&C Technologies by 2.2% in the 3rd quarter. State Street Corp now owns 5,624,174 shares of the technology company's stock worth $417,370,000 after purchasing an additional 121,223 shares during the period. Boston Partners raised its position 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 buying an additional 3,901,227 shares during the period. Finally, Cantillon Capital Management LLC boosted its holdings in shares of SS&C Technologies by 0.6% during 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 during the period. Institutional investors and hedge funds own 96.95% of the company's stock.

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SS&C Technologies Stock Performance

Shares of SSNC traded down $4.91 during trading hours on Friday, hitting $75.07. The company's stock had a trading volume of 637,371 shares, compared to its average volume of 1,217,701. SS&C Technologies Holdings, Inc. has a 52-week low of $59.63 and a 52-week high of $89.73. The company has a market cap of $18.50 billion, a price-to-earnings ratio of 25.13 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. The business has a 50 day simple moving average of $84.38 and a two-hundred day simple moving average of $78.46.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share (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%. On average, equities analysts expect that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.25 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.33%. SS&C Technologies's dividend payout ratio is currently 33.33%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. UBS Group raised their target price 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. Jefferies Financial Group raised shares of SS&C Technologies from a "hold" rating to a "buy" rating and increased their price target for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. Royal Bank of Canada boosted 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. Needham & Company LLC boosted 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 note on Friday, February 7th. Finally, Raymond James increased their target price on 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. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $97.50.

Insider Transactions at SS&C Technologies

In related news, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies 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 approximately $570,411.52. This trade represents a 91.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael Jay Zamkow sold 23,000 shares of the stock in a transaction that occurred on 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 sale, the director now owns 23,200 shares in the company, valued at approximately $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. Company 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.