Tokio Marine Asset Management Co. Ltd. Acquires 6,603 Shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Tokio Marine Asset Management Co. Ltd. boosted its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 105.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,854 shares of the technology company’s stock after purchasing an additional 6,603 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in SS&C Technologies were worth $786,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in SSNC. Pzena Investment Management LLC increased its position in shares of SS&C Technologies by 1.4% in the third quarter. Pzena Investment Management LLC now owns 14,229,448 shares of the technology company’s stock valued at $747,615,000 after acquiring an additional 197,934 shares during the period. Boston Partners increased its position in shares of SS&C Technologies by 5.3% in the third quarter. Boston Partners now owns 8,687,812 shares of the technology company’s stock valued at $455,894,000 after acquiring an additional 435,377 shares during the period. Diamond Hill Capital Management Inc. increased its position in shares of SS&C Technologies by 0.6% in the third quarter. Diamond Hill Capital Management Inc. now owns 7,892,663 shares of the technology company’s stock valued at $414,681,000 after acquiring an additional 44,764 shares during the period. Fort Washington Investment Advisors Inc. OH increased its position in shares of SS&C Technologies by 5.4% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 1,526,070 shares of the technology company’s stock valued at $80,180,000 after acquiring an additional 77,551 shares during the period. Finally, Northern Trust Corp increased its position in shares of SS&C Technologies by 5.4% in the third quarter. Northern Trust Corp now owns 1,471,747 shares of the technology company’s stock valued at $77,326,000 after acquiring an additional 75,440 shares during the period. 96.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SSNC has been the topic of a number of analyst reports. Needham & Company LLC boosted their price objective on shares of SS&C Technologies from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Friday. Royal Bank of Canada boosted their price target on shares of SS&C Technologies from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, February 14th. DA Davidson reiterated a “buy” rating and set a $78.00 price target on shares of SS&C Technologies in a research report on Tuesday, April 16th. StockNews.com upgraded shares of SS&C Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 29th. Finally, Citigroup boosted their price target on shares of SS&C Technologies from $70.00 to $71.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Two investment 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $71.22.

SS&C Technologies Price Performance

Shares of SSNC opened at $61.24 on Friday. The stock has a market cap of $15.14 billion, a PE ratio of 24.40 and a beta of 1.43. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.07 and a current ratio of 1.07. SS&C Technologies Holdings, Inc. has a fifty-two week low of $46.61 and a fifty-two week high of $65.86. The firm’s 50-day simple moving average is $62.82 and its two-hundred day simple moving average is $59.08.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Tuesday, February 13th. The technology company reported $1.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.13. SS&C Technologies had a net margin of 11.46% and a return on equity of 17.24%. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Analysts anticipate that SS&C Technologies Holdings, Inc. will post 4.61 earnings per share for the current fiscal year.

SS&C Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.24 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.96 dividend on an annualized basis and a yield of 1.57%. SS&C Technologies’s payout ratio is currently 38.25%.

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.