Natixis Advisors LLC lowered its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC – Free Report) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 589,250 shares of the technology company’s stock after selling 12,136 shares during the period. Natixis Advisors LLC’s holdings in SS&C Technologies were worth $51,512,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its holdings in shares of SS&C Technologies by 3.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 767,765 shares of the technology company’s stock valued at $68,147,000 after acquiring an additional 22,547 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in shares of SS&C Technologies by 374.3% in the 4th quarter. Teacher Retirement System of Texas now owns 137,799 shares of the technology company’s stock valued at $12,046,000 after acquiring an additional 108,746 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of SS&C Technologies by 8.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 217,237 shares of the technology company’s stock valued at $18,628,000 after acquiring an additional 16,278 shares in the last quarter. Cibc World Market Inc. purchased a new stake in shares of SS&C Technologies in the 3rd quarter valued at about $1,414,000. Finally, Assenagon Asset Management S.A. raised its holdings in shares of SS&C Technologies by 245.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 46,397 shares of the technology company’s stock valued at $4,056,000 after acquiring an additional 32,963 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.
SS&C Technologies Price Performance
Shares of SS&C Technologies stock opened at $67.97 on Thursday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $16.37 billion, a PE ratio of 21.04 and a beta of 1.09. The business’s 50-day moving average price is $68.19 and its 200-day moving average price is $76.62. SS&C Technologies Holdings, Inc. has a 12 month low of $64.51 and a 12 month high of $91.07.
SS&C Technologies Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, June 1st. SS&C Technologies’s dividend payout ratio (DPR) is presently 33.44%.
Insider Activity at SS&C Technologies
In related news, Director Michael Jay Zamkow sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $66.68, for a total transaction of $200,040.00. Following the transaction, the director directly owned 18,404 shares in the company, valued at $1,227,178.72. This trade represents a 14.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan E. Michael sold 2,740 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $66.86, for a total value of $183,196.40. Following the transaction, the director owned 79,384 shares in the company, valued at approximately $5,307,614.24. The trade was a 3.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 8,740 shares of company stock worth $583,576. 16.00% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Several analysts have weighed in on SSNC shares. Morgan Stanley lowered their price target on SS&C Technologies from $86.00 to $78.00 and set an “equal weight” rating on the stock in a report on Friday, April 24th. UBS Group raised their price target on SS&C Technologies from $112.00 to $115.00 and gave the company a “buy” rating in a report on Friday, April 24th. Wall Street Zen upgraded SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Jefferies Financial Group reduced their price objective on SS&C Technologies from $105.00 to $92.00 and set a “buy” rating on the stock in a research report on Tuesday, April 21st. Finally, DA Davidson reiterated a “buy” rating and set a $96.00 price objective on shares of SS&C Technologies in a research report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.13.
Check Out Our Latest Stock Report on SSNC
SS&C Technologies Company 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.
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