Cerebellum GP LLC raised its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 74.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,655 shares of the technology company’s stock after buying an additional 2,418 shares during the quarter. Cerebellum GP LLC’s holdings in SS&C Technologies were worth $255,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. FMR LLC lifted its holdings in SS&C Technologies by 51.7% in the second quarter. FMR LLC now owns 7,779,276 shares of the technology company’s stock valued at $403,744,000 after acquiring an additional 2,650,392 shares during the period. DNB Asset Management AS raised its stake in shares of SS&C Technologies by 9.0% during the 3rd quarter. DNB Asset Management AS now owns 19,342 shares of the technology company’s stock worth $1,099,000 after buying an additional 1,600 shares during the last quarter. Autus Asset Management LLC raised its stake in shares of SS&C Technologies by 10.9% during the 3rd quarter. Autus Asset Management LLC now owns 47,133 shares of the technology company’s stock worth $2,679,000 after buying an additional 4,618 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of SS&C Technologies by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,114,515 shares of the technology company’s stock worth $57,844,000 after buying an additional 12,682 shares during the last quarter. Finally, First Hawaiian Bank acquired a new position in shares of SS&C Technologies during the 3rd quarter worth $851,000. 80.01% of the stock is owned by institutional investors.
SS&C Technologies stock opened at $47.47 on Friday. The stock has a market cap of $11.87 billion, a P/E ratio of 26.52, a P/E/G ratio of 1.02 and a beta of 1.14. SS&C Technologies Holdings, Inc. has a 52 week low of $40.96 and a 52 week high of $60.97. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.58 and a quick ratio of 1.58.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 17th. Investors of record on Saturday, December 1st were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Thursday, November 29th. SS&C Technologies’s dividend payout ratio is presently 17.88%.
Several research analysts have recently issued reports on SSNC shares. ValuEngine downgraded SS&C Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Zacks Investment Research downgraded SS&C Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. JPMorgan Chase & Co. set a $70.00 price target on SS&C Technologies and gave the stock a “buy” rating in a research note on Thursday, November 1st. Rosenblatt Securities started coverage on SS&C Technologies in a research note on Wednesday, December 5th. They set a “buy” rating and a $64.00 price target for the company. Finally, BidaskClub downgraded SS&C Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, November 7th. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. SS&C Technologies currently has an average rating of “Buy” and an average target price of $63.86.
In other SS&C Technologies news, Director Michael Jay Zamkow purchased 22,100 shares of the stock in a transaction on Thursday, November 15th. The stock was bought at an average price of $47.53 per share, for a total transaction of $1,050,413.00. Following the acquisition, the director now directly owns 21,000 shares of the company’s stock, valued at $998,130. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jonathan E. Michael purchased 600 shares of the stock in a transaction on Monday, November 5th. The stock was acquired at an average price of $49.79 per share, with a total value of $29,874.00. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 35,798 shares of company stock valued at $1,675,881. 17.50% of the stock is currently owned by company insiders.
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SS&C Technologies Profile
SS&C Technologies Holdings, Inc provides software products and software-enabled services to financial services providers. Its products and services allow its clients to automate and integrate front-office functions, such as trading and modeling; middle-office functions, including portfolio management and reporting; and back-office functions comprising accounting, performance measurement, reconciliation, reporting, processing, and clearing.
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