SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Stake Boosted by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. increased its stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 12.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 6,748 shares of the technology company’s stock after acquiring an additional 733 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in SS&C Technologies were worth $501,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SSNC. Empowered Funds LLC acquired a new position in shares of SS&C Technologies during the first quarter valued at $212,000. Sei Investments Co. boosted its stake in SS&C Technologies by 1.3% during the 1st quarter. Sei Investments Co. now owns 55,035 shares of the technology company’s stock valued at $3,543,000 after purchasing an additional 682 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in SS&C Technologies by 18.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 113,227 shares of the technology company’s stock worth $7,288,000 after purchasing an additional 17,545 shares during the last quarter. HBK Sorce Advisory LLC acquired a new stake in shares of SS&C Technologies in the first quarter valued at approximately $202,000. Finally, Blair William & Co. IL raised its holdings in shares of SS&C Technologies by 27.6% during the first quarter. Blair William & Co. IL now owns 31,625 shares of the technology company’s stock valued at $2,036,000 after buying an additional 6,844 shares during the last quarter. Institutional investors and hedge funds own 96.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Royal Bank of Canada increased their price objective on SS&C Technologies from $75.00 to $86.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. DA Davidson reissued a “buy” rating and issued a $92.00 price target on shares of SS&C Technologies in a research note on Thursday, October 10th. Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of SS&C Technologies in a research note on Friday, October 25th. StockNews.com lowered shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday. Finally, Raymond James boosted their price target on shares of SS&C Technologies from $79.00 to $85.00 and gave the stock a “strong-buy” rating in a research report on Friday, October 25th. Two 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $77.75.

SS&C Technologies Stock Down 1.1 %

NASDAQ SSNC opened at $73.40 on Friday. SS&C Technologies Holdings, Inc. has a 12 month low of $54.44 and a 12 month high of $77.02. The company has a market capitalization of $18.18 billion, a P/E ratio of 26.31 and a beta of 1.39. The company’s 50 day simple moving average is $74.03 and its 200 day simple moving average is $68.95. 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 announced its quarterly earnings data on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.03. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.44 billion. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.04 EPS. Equities research analysts expect that SS&C Technologies Holdings, Inc. will post 4.62 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Tuesday, September 3rd were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.36%. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.24. SS&C Technologies’s dividend payout ratio (DPR) is currently 35.84%.

SS&C Technologies declared that its board has authorized a stock repurchase plan on Thursday, July 25th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the technology company to purchase up to 5.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other SS&C Technologies news, Director Normand A. Boulanger sold 130,000 shares of SS&C Technologies stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $75.38, for a total transaction of $9,799,400.00. Following the transaction, the director now directly owns 333,576 shares in the company, valued at approximately $25,144,958.88. The trade was a 28.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Rahul Kanwar sold 412,190 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $73.13, for a total value of $30,143,454.70. Following the completion of the sale, the chief operating officer now owns 57,642 shares of the company’s stock, valued at $4,215,359.46. The trade was a 87.73 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 561,190 shares of company stock worth $41,386,285. Company insiders own 15.40% of the company’s stock.

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.