Crestline Management LP bought a new stake in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,751 shares of the technology company’s stock, valued at approximately $673,000.

Several other hedge funds have also recently made changes to their positions in the company. State Street Corp increased its holdings in SS&C Technologies by 20.9% during 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 during the last quarter. Tredje AP fonden purchased a new position in shares of SS&C Technologies in the second quarter worth about $263,000. Green Square Capital LLC purchased a new position in shares of SS&C Technologies in the second quarter worth about $257,000. State of Wisconsin Investment Board increased its stake in shares of SS&C Technologies by 7.4% in the third quarter. State of Wisconsin Investment Board now owns 157,385 shares of the technology company’s stock worth $6,319,000 after purchasing an additional 10,885 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of SS&C Technologies by 302.7% in the second quarter. Bank of Montreal Can now owns 10,961 shares of the technology company’s stock worth $421,000 after purchasing an additional 8,239 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

Shares of SS&C Technologies Holdings, Inc. (SSNC) opened at $41.52 on Wednesday. The firm has a market cap of $8,518.52, a P/E ratio of 23.65, a PEG ratio of 1.58 and a beta of 1.08. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.87. SS&C Technologies Holdings, Inc. has a 1-year low of $28.43 and a 1-year high of $42.50.

SS&C Technologies (NASDAQ:SSNC) last announced its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.50 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.50. The firm had revenue of $419.60 million during the quarter, compared to analyst estimates of $424.14 million. SS&C Technologies had a net margin of 13.47% and a return on equity of 15.32%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.42 EPS. research analysts predict that SS&C Technologies Holdings, Inc. will post 1.78 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.07 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.67%. SS&C Technologies’s payout ratio is 26.67%.

In other news, CFO Patrick J. Pedonti sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $40.38, for a total value of $1,211,400.00. Following the completion of the sale, the chief financial officer now directly owns 30,000 shares in the company, valued at approximately $1,211,400. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Patrick J. Pedonti sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $39.65, for a total transaction of $793,000.00. Following the completion of the sale, the chief financial officer now owns 20,000 shares of the company’s stock, valued at $793,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 70,000 shares of company stock valued at $2,818,200. Company insiders own 17.60% of the company’s stock.

A number of research firms have recently commented on SSNC. Morgan Stanley raised their price objective on shares of SS&C Technologies from $42.00 to $44.00 and gave the company an “overweight” rating in a research report on Thursday, October 26th. J P Morgan Chase & Co lowered shares of SS&C Technologies from an “overweight” rating to a “neutral” rating and set a $49.00 price objective for the company. in a research report on Tuesday. Needham & Company LLC restated a “buy” rating on shares of SS&C Technologies in a research report on Friday, October 27th. DA Davidson restated a “buy” rating and issued a $44.00 price objective on shares of SS&C Technologies in a research report on Thursday, October 26th. Finally, Jefferies Group restated a “buy” rating on shares of SS&C Technologies in a research report on Tuesday, October 3rd. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $43.09.

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

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