Sumitomo Mitsui Trust Group Inc. Reduces Stock Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Sumitomo Mitsui Trust Group Inc. lessened its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC - Free Report) by 7.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 486,234 shares of the technology company's stock after selling 38,963 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.20% of SS&C Technologies worth $36,847,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of SSNC. Janus Henderson Group PLC raised its stake in shares of SS&C Technologies by 5.4% during the third quarter. Janus Henderson Group PLC now owns 16,059,475 shares of the technology company's stock worth $1,191,774,000 after purchasing an additional 817,501 shares during the last quarter. KBC Group NV raised its stake in shares of SS&C Technologies by 403.0% during the fourth quarter. KBC Group NV now owns 839,536 shares of the technology company's stock worth $63,620,000 after purchasing an additional 672,641 shares during the last quarter. Point72 Asset Management L.P. raised its stake in shares of SS&C Technologies by 250.9% during the third quarter. Point72 Asset Management L.P. now owns 593,700 shares of the technology company's stock worth $44,058,000 after purchasing an additional 424,487 shares during the last quarter. Two Sigma Advisers LP raised its stake in shares of SS&C Technologies by 433.9% during the third quarter. Two Sigma Advisers LP now owns 415,400 shares of the technology company's stock worth $30,827,000 after purchasing an additional 337,600 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of SS&C Technologies by 44.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 897,198 shares of the technology company's stock worth $66,581,000 after purchasing an additional 275,186 shares during the last quarter. Hedge funds and other institutional investors own 96.95% of the company's stock.

Insider Activity at SS&C Technologies

In related news, SVP Jason Douglas White sold 69,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $77.07, for a total transaction of $5,317,830.00. Following the sale, the senior vice president now owns 6,412 shares of the company's stock, valued at $494,172.84. This trade represents a 91.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William C. Stone sold 247,300 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $76.61, for a total value of $18,945,653.00. Following the transaction, the chief executive officer now owns 31,837,926 shares in the company, valued at $2,439,103,510.86. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 449,000 shares of company stock valued at $34,461,478 over the last quarter. Insiders own 15.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on SSNC shares. Jefferies Financial Group upgraded SS&C Technologies from a "hold" rating to a "buy" rating and upped their price target for the stock from $70.00 to $94.00 in a research note on Monday, February 3rd. DA Davidson increased their price objective on SS&C Technologies from $92.00 to $102.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. StockNews.com upgraded SS&C Technologies from a "buy" rating to a "strong-buy" rating in a research report on Monday, February 10th. UBS Group increased their price objective on SS&C Technologies from $92.00 to $93.00 and gave the stock a "buy" rating in a research report on Monday, February 3rd. Finally, Needham & Company LLC increased their price objective 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. Six equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $93.71.

SS&C Technologies Price Performance

SS&C Technologies stock traded up $0.08 during trading hours on Friday, hitting $88.66. The stock had a trading volume of 1,020,886 shares, compared to its average volume of 1,293,155. 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 stock has a market capitalization of $21.96 billion, a price-to-earnings ratio of 29.55 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a 1-year low of $59.63 and a 1-year high of $89.25. The stock's fifty day moving average is $78.82 and its two-hundred day moving average is $75.62.

SS&C Technologies (NASDAQ:SSNC - Get Free Report) last posted its earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, beating 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%. As a group, analysts predict that SS&C Technologies Holdings, Inc. will post 5.26 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Monday, December 2nd. SS&C Technologies's payout ratio is currently 33.33%.

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.