Asset Management One Co. Ltd. Reduces Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Asset Management One Co. Ltd. decreased its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 7.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 83,837 shares of the technology company’s stock after selling 6,891 shares during the quarter. Asset Management One Co. Ltd.’s holdings in SS&C Technologies were worth $5,138,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB boosted its holdings in shares of SS&C Technologies by 127.0% in the fourth quarter. Nordea Investment Management AB now owns 242,712 shares of the technology company’s stock worth $14,839,000 after buying an additional 135,775 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. purchased a new position in shares of SS&C Technologies in the fourth quarter worth approximately $2,388,000. Bank of New York Mellon Corp boosted its holdings in shares of SS&C Technologies by 5.3% in the third quarter. Bank of New York Mellon Corp now owns 1,352,557 shares of the technology company’s stock worth $71,063,000 after buying an additional 68,359 shares during the last quarter. Nomura Holdings Inc. boosted its holdings in shares of SS&C Technologies by 571.4% in the third quarter. Nomura Holdings Inc. now owns 409,563 shares of the technology company’s stock worth $21,518,000 after buying an additional 348,563 shares during the last quarter. Finally, Oribel Capital Management LP purchased a new position in shares of SS&C Technologies in the third quarter worth approximately $8,596,000. Hedge funds and other institutional investors own 96.95% of the company’s stock.

SS&C Technologies Price Performance

Shares of NASDAQ:SSNC opened at $61.81 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a twelve month low of $46.61 and a twelve month high of $65.86. The company’s 50 day moving average is $62.90 and its 200 day moving average is $58.47. The company has a market cap of $15.27 billion, a PE ratio of 25.97 and a beta of 1.43.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Tuesday, February 13th. The technology company reported $1.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.13. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.39 billion. SS&C Technologies had a return on equity of 16.74% and a net margin of 11.03%. On average, sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 4.61 EPS for the current year.

SS&C Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date was Thursday, February 29th. SS&C Technologies’s dividend payout ratio (DPR) is 40.34%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on SSNC shares. UBS Group raised their price objective on shares of SS&C Technologies from $72.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Royal Bank of Canada lifted their price target on shares of SS&C Technologies from $65.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, February 14th. Needham & Company LLC lifted their price target on shares of SS&C Technologies from $62.00 to $70.00 and gave the company a “buy” rating in a report on Wednesday, February 14th. Citigroup lifted their price target on shares of SS&C Technologies from $70.00 to $71.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Finally, StockNews.com raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, January 29th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, SS&C Technologies has a consensus rating of “Moderate Buy” and an average target price of $69.44.

SS&C Technologies Company Profile

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.