Mitsubishi UFJ Trust & Banking Corp Reduces Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

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

A number of other hedge funds and other institutional investors have also bought and sold shares of SSNC. Boston Partners grew its position in shares of SS&C Technologies by 283.1% in 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 in the last quarter. Janus Henderson Group PLC grew its holdings in SS&C Technologies by 5.4% during 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 buying an additional 817,501 shares in the last quarter. KBC Group NV increased its position 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 valued at $63,620,000 after buying an additional 672,641 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of SS&C Technologies in the fourth quarter worth about $49,179,000. Finally, Point72 Asset Management L.P. boosted its position in shares of SS&C Technologies by 250.9% in the third quarter. Point72 Asset Management L.P. now owns 593,700 shares of the technology company’s stock valued at $44,058,000 after acquiring an additional 424,487 shares during the period. Institutional investors own 96.95% of the company’s stock.

Insider Transactions at SS&C Technologies

In other news, Director Michael Jay Zamkow sold 23,000 shares of the firm’s 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 owns 23,200 shares in the company, valued at approximately $2,050,648. This trade represents a 49.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jason Douglas White sold 71,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were 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 of the company’s stock, valued at $570,411.52. This represents a 91.72 % 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.

Wall Street Analyst Weigh In

Several research firms have issued reports on SSNC. Needham & Company LLC increased 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. Royal Bank of Canada increased their price objective on SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Raymond James boosted their target price on SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 7th. Jefferies Financial Group raised SS&C Technologies from a “hold” rating to a “buy” rating and raised their price target for the company from $70.00 to $94.00 in a report on Monday, February 3rd. Finally, UBS Group boosted their price objective on SS&C Technologies from $92.00 to $93.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, SS&C Technologies has an average rating of “Buy” and a consensus target price of $97.50.

SS&C Technologies Price Performance

Shares of SS&C Technologies stock opened at $83.64 on Friday. The firm has a market capitalization of $20.62 billion, a PE ratio of 27.88 and a beta of 1.36. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a 12 month low of $59.63 and a 12 month high of $89.73. The business’s 50-day moving average price is $84.08 and its 200-day moving average price is $78.15.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, beating 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%. Sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.25 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 1.20%. SS&C Technologies’s payout ratio is 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.