62,466 Shares in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Acquired by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. bought a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 62,466 shares of the technology company’s stock, valued at approximately $4,736,000.

Other institutional investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN raised its stake in shares of SS&C Technologies by 11.1% in the fourth quarter. Wells Fargo & Company MN now owns 646,126 shares of the technology company’s stock worth $48,963,000 after buying an additional 64,565 shares during the period. Prudential PLC purchased a new stake in SS&C Technologies in the 4th quarter worth approximately $204,000. ExodusPoint Capital Management LP bought a new stake in SS&C Technologies during the 4th quarter worth approximately $3,583,000. Grant Private Wealth Management Inc purchased a new position in SS&C Technologies during the fourth quarter valued at approximately $252,000. Finally, Motley Fool Asset Management LLC increased its stake in shares of SS&C Technologies by 8.4% in the fourth quarter. Motley Fool Asset Management LLC now owns 3,648 shares of the technology company’s stock worth $276,000 after purchasing an additional 282 shares in the last quarter. 96.95% of the stock is currently owned by institutional investors.

SS&C Technologies Stock Performance

NASDAQ:SSNC opened at $71.96 on Wednesday. The company has a market cap of $17.74 billion, a price-to-earnings ratio of 23.99 and a beta of 1.31. SS&C Technologies Holdings, Inc. has a 1 year low of $59.63 and a 1 year high of $89.73. The stock’s 50 day simple moving average is $83.79 and its two-hundred day simple moving average is $78.40. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share (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%. As a group, equities analysts anticipate that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.00 annualized dividend and a yield of 1.39%. SS&C Technologies’s dividend payout ratio is currently 33.33%.

Insiders Place Their Bets

In related news, SVP Jason Douglas White sold 71,000 shares of SS&C Technologies stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at approximately $570,411.52. The trade was a 91.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Jay Zamkow sold 23,000 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the completion of the sale, the director now directly owns 23,200 shares in the company, valued at $2,050,648. This trade represents a 49.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 15.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SSNC. StockNews.com upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 10th. Jefferies Financial Group upgraded SS&C Technologies from a “hold” rating to a “buy” rating and boosted their price objective for the company from $70.00 to $94.00 in a research report on Monday, February 3rd. DA Davidson increased their target price 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. Needham & Company LLC boosted their price target on SS&C Technologies from $90.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, UBS Group increased their price objective on shares of SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Five research 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, the stock currently has an average rating of “Buy” and an average price target of $97.50.

About SS&C Technologies

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.