USA Financial Portformulas Corp Buys New Stake in SS&C Technologies Holdings, Inc. (SSNC)
USA Financial Portformulas Corp bought a new stake in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 27,211 shares of the technology company’s stock, valued at approximately $1,102,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SSNC. YorkBridge Wealth Partners LLC purchased a new position in SS&C Technologies during the fourth quarter valued at $124,000. American International Group Inc. purchased a new position in SS&C Technologies during the fourth quarter valued at $164,000. PEAK6 Investments L.P. lifted its position in shares of SS&C Technologies by 177.1% in the third quarter. PEAK6 Investments L.P. now owns 6,909 shares of the technology company’s stock valued at $277,000 after acquiring an additional 15,875 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of SS&C Technologies by 243.8% in the third quarter. Toronto Dominion Bank now owns 7,324 shares of the technology company’s stock valued at $294,000 after acquiring an additional 5,194 shares in the last quarter. Finally, Bellwether Investment Group LLC purchased a new position in shares of SS&C Technologies in the fourth quarter valued at about $301,000. Institutional investors own 85.17% of the company’s stock.
SS&C Technologies Holdings, Inc. (SSNC) traded down $0.20 during trading hours on Monday, hitting $50.03. The company had a trading volume of 23,450 shares, compared to its average volume of 1,862,726. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $10,340.00, a P/E ratio of 44.06, a P/E/G ratio of 1.61 and a beta of 1.29. SS&C Technologies Holdings, Inc. has a 12 month low of $34.75 and a 12 month high of $51.39.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.56%. SS&C Technologies’s dividend payout ratio is currently 24.56%.
SSNC has been the topic of several research analyst reports. Raymond James Financial upgraded SS&C Technologies from an “outperform” rating to a “strong-buy” rating in a research report on Tuesday, November 21st. ValuEngine upgraded SS&C Technologies from a “hold” rating to a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. downgraded SS&C Technologies from an “overweight” rating to a “neutral” rating and set a $49.00 price objective on the stock. in a research report on Tuesday, December 12th. BidaskClub upgraded SS&C Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. Finally, Jefferies Group restated a “buy” rating on shares of SS&C Technologies in a research report on Friday, January 12th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $50.70.
In related news, CFO Patrick J. Pedonti sold 20,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $49.73, for a total value of $994,600.00. Following 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 document filed with the Securities & Exchange Commission, which is available through this link. 17.60% of the stock is currently owned by insiders.
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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