Crestline Management LP increased its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 344.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,382 shares of the technology company’s stock after buying an additional 57,631 shares during the quarter. SS&C Technologies comprises 0.3% of Crestline Management LP’s portfolio, making the stock its 28th largest holding. Crestline Management LP’s holdings in SS&C Technologies were worth $3,011,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of SSNC. Ladenburg Thalmann Financial Services Inc. grew its holdings in SS&C Technologies by 81.5% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,566 shares of the technology company’s stock worth $104,000 after buying an additional 1,152 shares in the last quarter. YorkBridge Wealth Partners LLC bought a new position in SS&C Technologies in the 4th quarter worth approximately $124,000. American International Group Inc. bought a new position in SS&C Technologies in the 4th quarter worth approximately $164,000. PEAK6 Investments L.P. grew its holdings in SS&C Technologies by 177.1% in the 3rd quarter. PEAK6 Investments L.P. now owns 6,909 shares of the technology company’s stock worth $277,000 after buying an additional 15,875 shares in the last quarter. Finally, Toronto Dominion Bank grew its holdings in SS&C Technologies by 243.8% in the 3rd quarter. Toronto Dominion Bank now owns 7,324 shares of the technology company’s stock worth $294,000 after buying an additional 5,194 shares in the last quarter. 85.43% of the stock is owned by institutional investors and hedge funds.
In other SS&C Technologies news, CFO Patrick J. Pedonti sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $49.73, for a total value of $994,600.00. Following the completion of the sale, the chief financial officer now directly owns 20,000 shares in the company, valued at $994,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 17.60% of the company’s stock.
SS&C Technologies Holdings, Inc. (SSNC) traded down $0.25 on Wednesday, reaching $51.98. The company’s stock had a trading volume of 23,816 shares, compared to its average volume of 1,714,920. The firm has a market capitalization of $10,769.63, a P/E ratio of 33.92, a price-to-earnings-growth ratio of 1.67 and a beta of 1.29. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.81 and a quick ratio of 0.81. SS&C Technologies Holdings, Inc. has a 12-month low of $34.75 and a 12-month high of $52.64.
SS&C Technologies (NASDAQ:SSNC) last released its earnings results on Thursday, February 15th. The technology company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The firm had revenue of $439.40 million during the quarter, compared to the consensus estimate of $433.44 million. SS&C Technologies had a return on equity of 15.39% and a net margin of 19.63%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 earnings per share. research analysts predict that SS&C Technologies Holdings, Inc. will post 2.11 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a $0.07 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.28 dividend on an annualized basis and a yield of 0.54%. SS&C Technologies’s dividend payout ratio (DPR) is 18.18%.
SS&C Technologies Profile
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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