Global X Japan Co. Ltd. Boosts Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Global X Japan Co. Ltd. raised its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 193.3% during the 4th quarter, Holdings Channel reports. The firm owned 871 shares of the technology company’s stock after purchasing an additional 574 shares during the quarter. Global X Japan Co. Ltd.’s holdings in SS&C Technologies were worth $66,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Janus Henderson Group PLC grew its holdings 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 buying an additional 817,501 shares in the last quarter. KBC Group NV raised its holdings in SS&C Technologies by 403.0% in the 4th quarter. KBC Group NV now owns 839,536 shares of the technology company’s stock valued at $63,620,000 after acquiring an additional 672,641 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in shares of SS&C Technologies by 250.9% during the 3rd 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 period. Two Sigma Advisers LP boosted its holdings 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. grew its position in shares of SS&C Technologies by 44.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 897,198 shares of the technology company’s stock valued at $66,581,000 after purchasing an additional 275,186 shares during the period. 96.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Needham & Company LLC increased their price objective on shares of SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Friday. Jefferies Financial Group upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and lifted their price target for the company from $70.00 to $94.00 in a report on Monday, February 3rd. StockNews.com downgraded SS&C Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. Raymond James boosted their price target on SS&C Technologies from $85.00 to $95.00 and gave the company a “strong-buy” rating in a research report on Friday. Finally, Royal Bank of Canada raised their price objective on SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a report on Friday. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, SS&C Technologies presently has a consensus rating of “Buy” and a consensus target price of $88.25.

SS&C Technologies Stock Performance

Shares of NASDAQ:SSNC opened at $86.71 on Friday. The company has a market cap of $21.48 billion, a P/E ratio of 28.90 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a one year low of $59.53 and a one year high of $87.50. The business’s 50-day simple moving average is $77.51 and its 200 day simple moving average is $74.84. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21.

SS&C Technologies (NASDAQ:SSNC) last posted its earnings results on Thursday, February 6th. The technology company reported $1.41 EPS for the quarter, topping 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%. On average, sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 5.26 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.25 per share. The ex-dividend date was Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.15%. SS&C Technologies’s dividend payout ratio (DPR) is presently 33.33%.

Insiders Place Their Bets

In related news, CEO William C. Stone sold 247,300 shares of SS&C Technologies stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $76.61, for a total value of $18,945,653.00. Following the completion of the sale, the chief executive officer now owns 31,837,926 shares in the company, valued at approximately $2,439,103,510.86. The trade was a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jason Douglas White sold 69,000 shares of the firm’s 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 transaction, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at approximately $494,172.84. This represents a 91.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 449,000 shares of company stock worth $34,461,478 in the last three months. 15.40% of the stock is owned by insiders.

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.