SS&C Technologies Holdings, Inc. (SSNC) Stake Increased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lifted its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 8.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,710 shares of the technology company’s stock after buying an additional 2,500 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in SS&C Technologies were worth $1,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in SSNC. Great West Life Assurance Co. Can grew its stake in shares of SS&C Technologies by 200.8% in the fourth quarter. Great West Life Assurance Co. Can now owns 243,617 shares of the technology company’s stock worth $10,867,000 after acquiring an additional 162,617 shares in the last quarter. Northern Trust Corp grew its stake in shares of SS&C Technologies by 9.2% in the fourth quarter. Northern Trust Corp now owns 1,274,665 shares of the technology company’s stock worth $57,500,000 after acquiring an additional 107,658 shares in the last quarter. Citigroup Inc. grew its stake in shares of SS&C Technologies by 32.6% in the fourth quarter. Citigroup Inc. now owns 19,194 shares of the technology company’s stock worth $867,000 after acquiring an additional 4,720 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of SS&C Technologies by 12.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 28,906 shares of the technology company’s stock worth $1,304,000 after acquiring an additional 3,239 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. grew its stake in shares of SS&C Technologies by 10.6% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 36,640 shares of the technology company’s stock worth $1,446,000 after acquiring an additional 3,500 shares in the last quarter. Institutional investors and hedge funds own 83.47% of the company’s stock.

In related news, CFO Patrick J. Pedonti sold 157,500 shares of the business’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $59.41, for a total value of $9,357,075.00. Following the completion of the sale, the chief financial officer now directly owns 57,500 shares of the company’s stock, valued at $3,416,075. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 17.50% of the stock is owned by insiders.

Several equities analysts have commented on the stock. Zacks Investment Research downgraded shares of SS&C Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. set a $70.00 price target on shares of SS&C Technologies and gave the stock a “buy” rating in a research note on Friday, February 15th. BidaskClub raised shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 20th. Royal Bank of Canada lifted their price objective on shares of SS&C Technologies to $70.00 and gave the stock an “outperform” rating in a research report on Friday, February 15th. Finally, Needham & Company LLC reaffirmed a “strong-buy” rating and set a $75.00 price objective (up from $70.00) on shares of SS&C Technologies in a research report on Friday, February 15th. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and four have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $66.27.

SS&C Technologies stock opened at $62.21 on Friday. The firm has a market cap of $15.68 billion, a PE ratio of 23.74, a PEG ratio of 1.44 and a beta of 1.22. SS&C Technologies Holdings, Inc. has a 12-month low of $40.96 and a 12-month high of $64.36. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.07 and a quick ratio of 1.07.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings data on Thursday, February 14th. The technology company reported $0.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.10. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. SS&C Technologies had a net margin of 3.01% and a return on equity of 16.27%. The company’s revenue for the quarter was up 157.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 EPS. As a group, sell-side analysts forecast that SS&C Technologies Holdings, Inc. will post 3.6 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.10 per share. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.64%. The ex-dividend date was Thursday, February 28th. SS&C Technologies’s payout ratio is 15.27%.

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SS&C Technologies Profile

SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services and healthcare industries in the United States, Canada, rest of the Americas, Europe, the Asia Pacific, and Japan. The company's products and services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, including portfolio management and reporting; and back-office functions comprising accounting, transfer agency, compliance, regulatory services, performance measurement, reconciliation, reporting, processing, and clearing.

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Institutional Ownership by Quarter for SS&C Technologies (NASDAQ:SSNC)

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