Greenhouse Funds LLLP boosted its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 6.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 534,613 shares of the technology company’s stock after buying an additional 34,630 shares during the quarter. SS&C Technologies comprises 6.1% of Greenhouse Funds LLLP’s portfolio, making the stock its 4th biggest holding. Greenhouse Funds LLLP owned 0.26% of SS&C Technologies worth $21,641,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of SSNC. Ladenburg Thalmann Financial Services Inc. increased its position in SS&C Technologies by 81.5% during the fourth 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 during the last quarter. YorkBridge Wealth Partners LLC acquired a new position in SS&C Technologies during the fourth quarter worth $124,000. American International Group Inc. acquired a new position in SS&C Technologies during the fourth quarter worth $164,000. PEAK6 Investments L.P. increased its position in SS&C Technologies by 177.1% during the third 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 during the last quarter. Finally, Toronto Dominion Bank increased its position in SS&C Technologies by 243.8% during the third 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 during the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.
Shares of SS&C Technologies Holdings, Inc. (SSNC) opened at $51.98 on Wednesday. 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 one year low of $34.75 and a one year high of $52.64. The firm has a market cap of $10,769.63, a PE ratio of 33.92, a P/E/G ratio of 1.67 and a beta of 1.29.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Wednesday, February 28th. SS&C Technologies’s payout ratio is presently 18.18%.
In related news, CFO Patrick J. Pedonti sold 20,000 shares of the stock in a transaction dated Thursday, February 1st. The shares were 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 owns 20,000 shares in the company, valued at $994,600. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 17.60% of the stock is currently owned by company insiders.
Several equities research analysts have recently issued reports on SSNC shares. Raymond James Financial raised SS&C Technologies from an “outperform” rating to a “strong-buy” rating in a research report on Tuesday, November 21st. BidaskClub raised SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, March 8th. ValuEngine raised SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. JPMorgan Chase & Co. downgraded SS&C Technologies from an “overweight” rating to a “neutral” rating and set a $49.00 price target on the stock. in a research report on Tuesday, December 12th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of SS&C Technologies in a research report on Friday, January 12th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $50.70.
ILLEGAL ACTIVITY NOTICE: “SS&C Technologies Holdings, Inc. (SSNC) Holdings Boosted by Greenhouse Funds LLLP” was first published by American Banking News and is owned by of American Banking News. If you are reading this report on another website, it was illegally copied and reposted in violation of United States and international trademark & copyright laws. The legal version of this report can be read at https://www.americanbankingnews.com/2018/03/14/ssc-technologies-holdings-inc-ssnc-holdings-boosted-by-greenhouse-funds-lllp.html.
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.
Want to see what other hedge funds are holding SSNC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SS&C Technologies Holdings, Inc. (NASDAQ:SSNC).
Receive News & Ratings for SS&C Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SS&C Technologies and related companies with MarketBeat.com's FREE daily email newsletter.