Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 8.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,031 shares of the technology company’s stock after acquiring an additional 1,996 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in SS&C Technologies were worth $1,028,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. State Street Corp lifted its position in shares of SS&C Technologies by 20.9% in the second quarter. State Street Corp now owns 3,012,292 shares of the technology company’s stock worth $115,706,000 after buying an additional 521,727 shares in the last quarter. Frontier Capital Management Co. LLC lifted its position in shares of SS&C Technologies by 66.2% in the fourth quarter. Frontier Capital Management Co. LLC now owns 2,671,877 shares of the technology company’s stock worth $108,158,000 after buying an additional 1,064,603 shares in the last quarter. Burgundy Asset Management Ltd. lifted its position in shares of SS&C Technologies by 2.6% in the third quarter. Burgundy Asset Management Ltd. now owns 2,652,366 shares of the technology company’s stock worth $106,492,000 after buying an additional 68,110 shares in the last quarter. Alkeon Capital Management LLC lifted its position in shares of SS&C Technologies by 0.8% in the third quarter. Alkeon Capital Management LLC now owns 2,627,211 shares of the technology company’s stock worth $105,483,000 after buying an additional 20,000 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of SS&C Technologies by 3.5% in the third quarter. Bank of New York Mellon Corp now owns 1,972,522 shares of the technology company’s stock worth $79,197,000 after buying an additional 65,914 shares in the last quarter. Institutional investors and hedge funds own 86.62% of the company’s stock.

A number of equities research analysts recently commented on SSNC shares. Morgan Stanley boosted their target price on SS&C Technologies from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Thursday, October 26th. DA Davidson reiterated a “buy” rating and issued a $44.00 target price on shares of SS&C Technologies in a research report on Thursday, October 26th. Needham & Company LLC reiterated a “buy” rating on shares of SS&C Technologies in a research report on Friday, October 27th. Citigroup raised SS&C Technologies to a “strong-buy” rating and boosted their price objective for the stock from $43.00 to $46.00 in a research note on Tuesday, November 21st. Finally, Raymond James Financial raised SS&C Technologies from an “outperform” rating to a “strong-buy” rating in a research note on Tuesday, November 21st. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $49.55.

In other news, CFO Patrick J. Pedonti sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $40.39, for a total transaction of $807,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 60,000 shares of company stock worth $2,616,200 over the last three months. 17.60% of the stock is currently owned by insiders.

Shares of SS&C Technologies Holdings, Inc. (SSNC) opened at $49.01 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.96 and a current ratio of 0.96. SS&C Technologies Holdings, Inc. has a 52 week low of $32.27 and a 52 week high of $51.39. The firm has a market capitalization of $10,090.00, a P/E ratio of 46.68, a price-to-earnings-growth ratio of 1.52 and a beta of 1.32.

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About SS&C Technologies

SS&C Technologies Holdings, Inc is a holding company. The Company is a provider of software products and software-enabled services that allow financial services providers to automate complex business processes and manage their information processing requirements. The Company’s portfolio of software products and software-enabled services allows its clients to automate and integrate front-office functions, such as trading and modeling, middle-office functions, such as portfolio management and reporting, and back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing.

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Institutional Ownership by Quarter for SS&C Technologies (NASDAQ:SSNC)

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