Crow Point Partners LLC cut its stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 48.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,404 shares of the technology company’s stock after selling 3,200 shares during the period. Crow Point Partners LLC’s holdings in SS&C Technologies were worth $137,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of SSNC. Janus Henderson Group PLC lifted its position in shares of SS&C Technologies by 5,137.5% in the second quarter. Janus Henderson Group PLC now owns 20,123,345 shares of the technology company’s stock valued at $772,938,000 after buying an additional 19,739,127 shares during the last quarter. Frontier Capital Management Co. LLC acquired a new stake in shares of SS&C Technologies in the third quarter valued at approximately $64,532,000. Findlay Park Partners LLP acquired a new stake in shares of SS&C Technologies in the second quarter valued at approximately $61,513,000. Atlantic Trust Group LLC acquired a new stake in shares of SS&C Technologies in the third quarter valued at approximately $55,411,000. Finally, Koch Industries Inc. acquired a new stake in shares of SS&C Technologies in the second quarter valued at approximately $719,000. 86.13% of the stock is owned by hedge funds and other institutional investors.

In other SS&C Technologies news, CFO Patrick J. Pedonti sold 20,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $40.69, for a total transaction of $813,800.00. Following the transaction, the chief financial officer now owns 17,500 shares in the company, valued at approximately $712,075. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last three months, insiders have sold 60,000 shares of company stock valued at $2,414,600. 17.60% of the stock is currently owned by insiders.

Shares of SS&C Technologies Holdings, Inc. (NASDAQ SSNC) opened at $47.69 on Thursday. The firm has a market capitalization of $8,620.00, a P/E ratio of 45.42, a P/E/G ratio of 1.38 and a beta of 1.08. 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 fifty-two week low of $30.60 and a fifty-two week high of $48.25.

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

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a dividend of $0.07 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.28 annualized dividend and a yield of 0.59%. SS&C Technologies’s payout ratio is currently 26.67%.

A number of analysts have recently issued reports on SSNC shares. UBS Group reaffirmed a “buy” rating and issued a $49.00 price objective on shares of SS&C Technologies in a research report on Thursday, December 14th. Raymond James Financial raised SS&C Technologies from an “outperform” rating to a “strong-buy” rating in a research report on Tuesday, November 21st. Citigroup raised SS&C Technologies to a “strong-buy” rating and raised their price objective for the company from $43.00 to $46.00 in a research report on Tuesday, November 21st. BidaskClub cut SS&C Technologies from a “hold” rating to a “sell” rating in a research report on Friday, December 22nd. Finally, Morgan Stanley raised their price objective on SS&C Technologies from $42.00 to $44.00 and gave the company an “overweight” rating in a research report on Thursday, October 26th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $44.09.

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

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