SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. grew its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 9.4% during the third quarter, Holdings Channel reports. The firm owned 63,335 shares of the technology company’s stock after purchasing an additional 5,420 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in SS&C Technologies were worth $4,700,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. MML Investors Services LLC boosted its holdings in shares of SS&C Technologies by 8.8% in the 3rd quarter. MML Investors Services LLC now owns 10,547 shares of the technology company’s stock valued at $783,000 after buying an additional 853 shares in the last quarter. Kensington Investment Counsel LLC lifted its position in SS&C Technologies by 2.3% in the third quarter. Kensington Investment Counsel LLC now owns 15,549 shares of the technology company’s stock valued at $1,154,000 after acquiring an additional 354 shares during the last quarter. XTX Topco Ltd acquired a new position in SS&C Technologies in the third quarter valued at $218,000. Castleark Management LLC purchased a new position in shares of SS&C Technologies during the third quarter worth about $698,000. Finally, EP Wealth Advisors LLC acquired a new stake in shares of SS&C Technologies during the third quarter worth about $509,000. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SSNC shares. Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of SS&C Technologies in a research report on Friday, October 25th. DA Davidson reissued a “buy” rating and issued a $92.00 price objective on shares of SS&C Technologies in a report on Thursday, October 10th. Royal Bank of Canada lifted their target price on shares of SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. StockNews.com cut shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Finally, Raymond James lifted their price objective on shares of SS&C Technologies from $79.00 to $85.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $77.75.

Insider Activity at SS&C Technologies

In other SS&C Technologies news, Director Michael Jay Zamkow sold 19,000 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $75.97, for a total transaction of $1,443,430.00. Following the sale, the director now directly owns 22,576 shares in the company, valued at approximately $1,715,098.72. The trade was a 45.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Normand A. Boulanger sold 130,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $75.38, for a total value of $9,799,400.00. Following the completion of the transaction, the director now owns 333,576 shares of the company’s stock, valued at approximately $25,144,958.88. This represents a 28.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 598,000 shares of company stock worth $45,704,308 over the last 90 days. Company insiders own 15.40% of the company’s stock.

SS&C Technologies Trading Down 0.3 %

NASDAQ SSNC opened at $76.67 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $18.99 billion, a P/E ratio of 27.48 and a beta of 1.38. SS&C Technologies Holdings, Inc. has a 52-week low of $58.79 and a 52-week high of $77.69. The firm has a 50-day moving average price of $74.76 and a 200 day moving average price of $70.77.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings results on Thursday, October 24th. The technology company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.26 by $0.03. SS&C Technologies had a return on equity of 17.33% and a net margin of 12.26%. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period last year, the firm earned $1.04 EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. Equities research analysts expect that SS&C Technologies Holdings, Inc. will post 4.62 EPS for the current year.

SS&C Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.30%. SS&C Technologies’s dividend payout ratio is presently 35.84%.

SS&C Technologies 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.