Nissay Asset Management Corp Japan ADV Cuts Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Nissay Asset Management Corp Japan ADV lessened its position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,328 shares of the technology company’s stock after selling 134 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in SS&C Technologies were worth $2,080,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SSNC. Park Avenue Securities LLC raised its holdings in shares of SS&C Technologies by 385.8% in the 4th quarter. Park Avenue Securities LLC now owns 19,382 shares of the technology company’s stock valued at $1,469,000 after buying an additional 15,392 shares during the period. Wedge Capital Management L L P NC increased its holdings in SS&C Technologies by 11.2% during the 4th quarter. Wedge Capital Management L L P NC now owns 57,241 shares of the technology company’s stock worth $4,338,000 after purchasing an additional 5,744 shares during the period. Merit Financial Group LLC purchased a new stake in SS&C Technologies during the 4th quarter worth about $359,000. Arkadios Wealth Advisors purchased a new stake in SS&C Technologies during the 4th quarter worth about $215,000. Finally, Integrated Investment Consultants LLC increased its holdings in SS&C Technologies by 14.8% during the 4th quarter. Integrated Investment Consultants LLC now owns 23,326 shares of the technology company’s stock worth $1,768,000 after purchasing an additional 3,006 shares during the period. Hedge funds and other institutional investors own 96.95% of the company’s stock.

Insider Activity at SS&C Technologies

In other SS&C Technologies news, Director Michael Jay Zamkow sold 23,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $88.39, for a total transaction of $2,032,970.00. Following the completion of the sale, the director now directly owns 23,200 shares of the company’s stock, valued at approximately $2,050,648. This trade represents a 49.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jason Douglas White sold 71,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $88.96, for a total value of $6,316,160.00. Following the sale, the senior vice president now directly owns 6,412 shares of the company’s stock, valued at $570,411.52. The trade was a 91.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,500 shares of company stock valued at $9,348,130 in the last three months. 16.40% of the stock is currently owned by company insiders.

SS&C Technologies Stock Up 0.1%

Shares of NASDAQ SSNC opened at $79.60 on Friday. The stock has a market cap of $19.63 billion, a PE ratio of 26.53 and a beta of 1.24. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. SS&C Technologies Holdings, Inc. has a 52-week low of $60.01 and a 52-week high of $89.73. The business has a 50-day moving average price of $78.40 and a 200 day moving average price of $78.91.

SS&C Technologies (NASDAQ:SSNC) last announced its earnings results on Thursday, April 24th. The technology company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.03. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.50 billion. SS&C Technologies had a return on equity of 18.30% and a net margin of 12.93%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.28 EPS. Equities research analysts forecast that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Needham & Company LLC cut their price target on SS&C Technologies from $105.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Royal Bank of Canada upped their price objective on SS&C Technologies from $86.00 to $96.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $86.00 price objective (down from $90.00) on shares of SS&C Technologies in a research report on Friday, April 25th. Jefferies Financial Group raised SS&C Technologies from a “hold” rating to a “buy” rating and upped their price objective for the stock from $70.00 to $94.00 in a research report on Monday, February 3rd. Finally, DA Davidson lowered their price objective on SS&C Technologies from $100.00 to $94.00 and set a “buy” rating for the company in a research report on Monday, April 28th. One analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $91.86.

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.