Global X Japan Co. Ltd. Boosts Holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Global X Japan Co. Ltd. increased its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 193.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 871 shares of the technology company’s stock after purchasing an additional 574 shares during the period. Global X Japan Co. Ltd.’s holdings in SS&C Technologies were worth $66,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CENTRAL TRUST Co purchased a new position in shares of SS&C Technologies in the fourth quarter worth about $65,000. Capital Performance Advisors LLP purchased a new position in SS&C Technologies during the 3rd quarter valued at about $68,000. Versant Capital Management Inc grew its stake in shares of SS&C Technologies by 32.5% in the fourth quarter. Versant Capital Management Inc now owns 949 shares of the technology company’s stock worth $72,000 after acquiring an additional 233 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of SS&C Technologies in the 3rd quarter valued at about $73,000. Finally, Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of SS&C Technologies during the third quarter worth about $89,000. 96.95% of the stock is owned by hedge funds and other institutional investors.

SS&C Technologies Stock Performance

Shares of SSNC stock opened at $86.71 on Friday. SS&C Technologies Holdings, Inc. has a 52-week low of $59.53 and a 52-week high of $87.50. The stock’s 50-day moving average price is $77.51 and its 200 day moving average price is $74.84. 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 $21.48 billion, a PE ratio of 28.90 and a beta of 1.38.

SS&C Technologies (NASDAQ:SSNC) last issued its quarterly earnings results on Thursday, February 6th. The technology company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.09. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. As a group, equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.26 EPS for the current year.

SS&C Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Monday, December 2nd. SS&C Technologies’s dividend payout ratio is presently 33.33%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SSNC shares. Royal Bank of Canada raised their target price on shares of SS&C Technologies from $86.00 to $96.00 and gave the company an “outperform” rating in a report on Friday. UBS Group raised their price target on SS&C Technologies from $92.00 to $93.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Raymond James boosted their target price on SS&C Technologies from $85.00 to $95.00 and gave the stock a “strong-buy” rating in a research note on Friday. Jefferies Financial Group upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating and increased their price target for the company from $70.00 to $94.00 in a research note on Monday, February 3rd. Finally, StockNews.com downgraded shares of SS&C Technologies from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $88.25.

Insiders Place Their Bets

In related news, SVP Jason Douglas White sold 69,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $77.07, for a total value of $5,317,830.00. Following the completion of the sale, the senior vice president now owns 6,412 shares in the company, valued at $494,172.84. This trade represents a 91.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO William C. Stone sold 247,300 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $76.61, for a total transaction of $18,945,653.00. Following the transaction, the chief executive officer now owns 31,837,926 shares in the company, valued at $2,439,103,510.86. The trade was a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 449,000 shares of company stock worth $34,461,478. Company insiders own 15.40% of the company’s stock.

About SS&C Technologies

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.