Mitsubishi UFJ Trust & Banking Corp lessened its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) by 55.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 101,378 shares of the technology company’s stock after selling 127,945 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in SS&C Technologies were worth $8,862,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of SS&C Technologies by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 20,532,012 shares of the technology company’s stock valued at $1,794,908,000 after purchasing an additional 74,170 shares during the last quarter. State Street Corp lifted its holdings in shares of SS&C Technologies by 2.0% in the 3rd quarter. State Street Corp now owns 5,938,535 shares of the technology company’s stock worth $527,104,000 after purchasing an additional 117,983 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in SS&C Technologies by 1.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,979,431 shares of the technology company’s stock valued at $264,435,000 after purchasing an additional 50,757 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in SS&C Technologies by 14.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,014,370 shares of the technology company’s stock valued at $176,096,000 after purchasing an additional 253,731 shares during the period. Finally, Snyder Capital Management L P grew its stake in SS&C Technologies by 16.9% during the 3rd quarter. Snyder Capital Management L P now owns 1,897,892 shares of the technology company’s stock worth $168,457,000 after buying an additional 274,748 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.
SS&C Technologies Trading Up 0.0%
Shares of SSNC stock opened at $69.31 on Friday. SS&C Technologies Holdings, Inc. has a 1 year low of $65.05 and a 1 year high of $91.07. The firm has a market capitalization of $16.69 billion, a PE ratio of 21.46 and a beta of 1.12. The stock has a fifty day moving average of $70.74 and a two-hundred day moving average of $79.18. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.07 and a current ratio of 1.07.
SS&C Technologies Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Monday, March 2nd. SS&C Technologies’s payout ratio is 33.44%.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the company. Needham & Company LLC cut their target price on SS&C Technologies from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. Jefferies Financial Group lowered their price target on shares of SS&C Technologies from $105.00 to $92.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. Weiss Ratings downgraded shares of SS&C Technologies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, April 7th. UBS Group boosted their target price on shares of SS&C Technologies from $112.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Finally, Wall Street Zen cut shares of SS&C Technologies from a “buy” rating to a “hold” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $96.13.
Get Our Latest Stock Report on SS&C Technologies
SS&C Technologies Profile
SS&C Technologies is a global provider of software and services for the financial services industry, offering technology and outsourcing solutions that support investment managers, asset servicing firms, insurance companies, private equity and real estate managers, hedge funds, wealth managers and other financial institutions. The company’s offerings span front-, middle- and back-office functionality, enabling clients to automate trading, portfolio accounting, reconciliation, performance measurement, risk and compliance, and client reporting.
SS&C delivers its capabilities through a mix of licensed software, cloud-based SaaS platforms and managed services.
See Also
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